Retail TouchPoints

OCTOBER 22, 2020

Retailers and their shoppers are whiplashed accordingly. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

Promotions 225

Promotions Markdowns Returns Shopping 225

Retail TouchPoints

OCTOBER 22, 2020

Retailers and their shoppers are whiplashed accordingly. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

Promotions 130

Promotions Markdowns Returns Shopping 130

Retail TouchPoints

JANUARY 3, 2023

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Five Key Automated Threats Impacting Retailers’ Bottom Line.

Merchant Services 291

Merchant Services Payment Services Accounting Checkout 291

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns 256

Markdowns Retailing Pricing Promotions Fulfillment 256

Wiser

MARCH 17, 2020

The one we’re focusing on here is charm pricing. Charm pricing is a common strategy to get consumers to buy a product—or multiple products—with certain prices. Charm Pricing Definition. So then, what is charm pricing? They might also believe the specific price demonstrates greater value or a markdown.

Markdowns 135

Markdowns Consumer Retailing Pricing Promotions 135

Retalon

NOVEMBER 20, 2020

So, what exactly is price optimization and why is it so impactful to retailers? This article will give you a distinct understanding of pricing optimization, the challenges and constraints involved in optimizing retail prices, and the price optimization strategies that leading retailers are employing today to stay ahead.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Wiser

JULY 14, 2020

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. If that’s the case, does the pricing reflect the value? What is a Pricing Strategy? Competitor pricing.

Bundled Pricing 128

Bundled Pricing Markdowns Consumer Marketing 128