Inside Retail

JUNE 19, 2022

Retailers face challenges of consumers shifting toward value purchases, squeezed margins and rising business costs. He expects retail sales by volume will increase by an average of only 1.1 per cent for retail price growth. . The March quarter saw retail prices up by 3.2

Outdoor

Inside Retail

SEPTEMBER 6, 2022

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On per cent price growth.”.

Supermarket

Inside Retail

DECEMBER 1, 2021

Innovative solutions emerged, inspiring consumers to step out and experience them. And in a market where convenience is key, vending machines have provided an accessible channel for consumers of far more than just soft drinks. Peach Aviation is using the machines to help send consumers on mystery tours. The new travel agent.

Returns

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items.

Consumer

Retail TouchPoints

JUNE 8, 2023

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. The market is driven by “sneakerheads” and resellers, often using bots to buy up large quantities of in-demand sneakers, leading to shortages for regular consumers.

Jewelry

Inside Retail

JUNE 20, 2021

It has taken online resale marketplace Retykle a long time to slowly shift Chinese consumers’ superstitious beliefs that buying secondhand clothing is bad luck, according to founder Sarah Garner. “We In our case], it was like converting one consumer at a time.”. The aspirational resale consumer. The conscious consumers.

Consumer

Retail TouchPoints

JULY 29, 2020

Increasingly, consumers want to browse and buy with the ease of click, or find products faster using in-store location technologies. Similarly, the pop-up retail store concept is evolving fast, as brands and retailers look to strengthen emotional connections with consumers and drive longer-lasting relationships.

Payment Services

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

365 Retail

FEBRUARY 8, 2024

Lidl has become the first supermarket chain to initiate a bottle return scheme trial, debuting in Glasgow. Customers participating in the scheme are rewarded with 5p for every eligible container returned. This launch follows a delay in the Scottish Government’s Deposit Return Scheme (DRS), initially set to start on 16 August 2023.

Returns

Retail Gazette

NOVEMBER 17, 2023

In her new monthly column, broadcaster and consumer expert, Kate Hardcastle MBE – also know as The Customer Whisperer – highlights the retailers making moves to really help shoppers – and those that need to go back to the drawing board. Customer yeh: Club Pret – more coffee anyone?

Returns

Wiser

JANUARY 8, 2024

Retail price checks, an essential aspect of retail, involve monitoring and updating the prices of goods within a store. In the pursuit of competitive pricing and high customer satisfaction, these checks must be accurate, efficient, and consistent across all locations.

Retailing Pricing

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

Wiser

SEPTEMBER 5, 2023

When it comes to online retail, pricing strategies can make or break a business’s success. The psychological allure of getting a product for less than its original price is undeniably effective, enticing customers to purchase more. Staying on top of consumer behavior is vital.

Shipping

Retail Focus

SEPTEMBER 7, 2021

Scenario planning must be extended further to model for the unpredictability of full or part-closures of ports caused by Covid outbreaks, cross-border delays linked to Brexit reforms and the impacts of rising costs on margins and retail prices. What is driving consumer returns? 4) Acid test accuracy.

Supply Chain Management

Inside Retail

NOVEMBER 1, 2022

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. Japan holds out. Japan is an excellent case in point.

Wholesale

Retalon

JANUARY 17, 2022

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

Retailing Pricing

Inside Retail

FEBRUARY 8, 2022

Rental is fast becoming a fixture within the retail landscape. Here, three different retailers discuss the changing consumer mindset and the unique challenges of rental companies. Inside Retail : Tell me about how Breeze began. IR: How do you think consumers feel about renting furniture at the moment?

Payment Services

Inside Retail

MARCH 8, 2022

Consumers are not being served well by the New Zealand grocery duopoly, according to the Commerce Commission – but it stopped short of any major recommendations in the final report into the grocery market tabled this week. . Requiring grocery retailers to display unit pricing in a consistent format. Suite of recommendations.

Wholesale

Inside Retail

SEPTEMBER 19, 2022

Acoustic is a marketing and analytics software company that specialises in creating personalised, multi-channel engagement through its Acoustic Marketing Cloud service; optimising and analysing the digital experience through Tealeaf by Acoustic; and, using AI, optimising retail price and promotions through its DemandTec by Acoustic service.

Customer Experience

Inside Retail

JANUARY 21, 2024

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. As the battle for market share heats up, industry experts point to the resurgence of Huawei and the patriotism-driven decision-making of some Chinese consumers to return to using domestic brands.

Marketing

VMS

NOVEMBER 30, 2022

W ITH THE WORLD adjusting to Covid a few years later as less of a threat and more a part of everyday life, retailers sought to return to business as usual. But backrooms filled up, investment money dried up, inflation cut into consumable income, workers sought to organize and loss prevention became a top-of-mind concern.

Visual Merchandising

Retail Minded

AUGUST 26, 2022

For consumers, price is one of the most important factors that determine whether they’ll make the purchase or not. That’s why, as a retail business, you should properly set the best price for your products. Manufacturer Suggested Retail Price. Multiple And Discount Pricing.

Retailing Pricing

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

Inside Retail

NOVEMBER 24, 2021

Through our ethos of creating immersive store experiences, we’ve been able to captivate what we would classify as quite a progressive consumer base, not only through our sneaker release business, but also through our apparel brands. IR: How do you think consumers overseas discovered Subtype? LR: We acquired the business in 2018.

Apparel

Retail Gazette

SEPTEMBER 8, 2023

The grocery business, dubbed the “Swedish Lidl,” sold ambient food and fast moving consumer goods to shoppers, which it claimed were 60% cheaper than the recommended retail price. The company maintained cheap prices by selling products that were out of season, close to their best before dates or had old packaging.

Marketing

Small Biz Trends

OCTOBER 7, 2022

Food Prices Rising Affects Small Businesses Nationwide. The news of food prices rising is an issue that affects everyone. Whether you are a consumer or a small business, this pain point can’t be ignored. Gas Prices Going Up Again. Gas prices are once again going up for the second straight week.

Payment Services

365 Retail

DECEMBER 7, 2021

We hope that the company is listening and that they will return to the negotiating table with a better deal that is acceptable to our members. Retail distribution workers are key workers who delivered essential services throughout the pandemic, which in turn delivered a 16.5% The current consumer prices index (CPI) is 4.2%.

Fulfillment

Rangeme

JULY 14, 2022

Retail costs keep climbing, as U.S. inflation hit its highest one-year price hike in more than 40 years in March 2022. Costly omnichannel investments, product returns, and sustainability efforts also add financial pressure. That’s why consumer packaged goods (CPG) suppliers are now scrambling to cut back somewhere.

Consumer

Mass Relators

DECEMBER 19, 2022

In October 2022, hearing aids for individuals with mild to moderate hearing loss were USFDA-approved for O-T-C sale to consumers age 18 and older. In comparison, Kinney’s regular retail prices range from $40 per pair of personal sound amplifiers to around $1,000 per pair of Bluetooth-compatible O-T-C hearing aids.

Accounting

Wiser

MARCH 31, 2020

A unilateral pricing policy is a policy by which a manufacturer announces the minimum acceptable resale price for a product, and may refuse to conduct business with any reseller it catches selling those products under that price. UPP vs MAP.

Advertising

365 Retail

JULY 20, 2023

Nevertheless, Helen Dickinson, CEO of the BRC, acknowledged more consumers were “cautious” about purchasing big-ticket items such as high-tech equipment or furniture. Potential reforms to the packaging levy, known as Extended Producer Responsibility, could prove expensive to retailers’ bottom lines.

Outdoor

365 Retail

DECEMBER 6, 2021

The union said the company had offered a 4% pay rise, describing it as “well below” the current retail price index (RPI) inflation rate of 6%. The current consumer prices index (CPI) is 4.2%. Unite said more than 1,000 of its members at depots in Antrim, Belfast, Didcot and Doncaster, will take industrial action.

Supermarket

365 Retail

SEPTEMBER 7, 2021

Scenario planning must be extended further to model for the unpredictability of full or part-closures of ports caused by Covid outbreaks, cross-border delays linked to Brexit reforms and the impacts of rising costs on margins and retail prices. What is driving consumer returns? 4) Acid test accuracy.

Supply Chain Management

Indigo 9 Digital

MAY 3, 2023

That’s what the founders of off-price stores like T.J.Maxx and Burlington Stores thought when they first opened their doors. Whether times are good or bad consumers flock to these stores in search of designer goods at low prices. Off-price retailers are benefiting from troubles retailers higher up the value chain are facing.

Apparel

Retail Smart Guys

SEPTEMBER 21, 2022

The price increases are unpleasant for consumers and retailers since it challenges their budgets and business profitability, respectively. For retailers, price hikes are the initial line of defense to combat the current economic climate. 4 Expand your market. 5 Strengthen customer relationships.

Planning

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. touching products).

Fulfillment

Retalon

AUGUST 20, 2019

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. touching products).

Fulfillment