Remove Consumer Remove Markdowns Remove Promotions
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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

However, as consumer backlash against dynamic pricing intensifies — some even threatening to boycott businesses that employ this model — retailers are beginning to reconsider its implementation. In contrast, a promising alternative known as dynamic markdowns is gaining traction.

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Retail Roulette: When Promotions Become High‑Stakes Risks

Retail Focus

Well, we’ve all fallen for such a trap, and promotions can sometimes feel addictive to a point where we purchase things that we don’t really need. That’s the magic (and madness) of retail promotions, which is a game as unpredictable as roulette. They want to boost their revenue, but sometimes promotions can destroy brands.

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Stronger Bonds, Stronger Business: The Case for CRM and Loyalty Now

Retail TouchPoints

The ripple effects will be wide-reaching: rising costs, retaliatory tariffs, strained supply chains and a likely pullback in consumer spending. By staying close to consumers and investing in CRM and loyalty, brands can maintain relevance, strengthen relationships and drive long-term value. That’s where CRM and loyalty shine.

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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers?

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Walking the margin With consumer sentiment falling to new lows in 2024, the challenge on top of mind for many retail CFOs was preserving margin amidst conflicting business needs. That wasnt helped by shrink in-store, particularly consumables, reaching an all-time high.

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Essential Steps for Surviving Demand Volatility in Business Strategies

Small Biz Trends

Key Takeaways Understand Demand Volatility: Recognize the unpredictable fluctuations in consumer demand that affect various aspects of business operations, particularly in retail. Analyze Historical Data: Utilize sales data analysis to identify trends related to seasonality and consumer preferences, aiding in more accurate demand forecasting.

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Omnichannel Merchandising: Creating a Seamless Shopping Experience from Online to In-Store

CJ Retail Solutions

This approach recognizes that consumers today engage with brands through multiple touchpoints, including physical stores, online platforms, mobile apps, and social media. This journey encompasses all the stages a consumer goes through before making a purchase, from awareness to consideration and finally to decision-making.