Retail TouchPoints
DECEMBER 22, 2022
With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand. Today, most pricing decisions are based on intuition, competitive benchmarking and/or past sales. The Four Pricing Pillars Brands Must Consider.
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.
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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?
Inside Retail
DECEMBER 19, 2023
This is known as pre-consumer waste and includes scraps, offcuts, and rejected garments that are discarded during the production stage. Meanwhile, sustainable fashion business models like resale, rental and repair only unravel the post-consumer garment waste problems. There’s no rush for them to always get rid of any markdowns.
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.
Retalon
OCTOBER 24, 2023
Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. How do retailers get into this mess?
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.
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