Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. Contests and sweepstakes: These can engage customers, increase brand awareness, and stimulate sales. What is Trade Promotion? What is Consumer Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

V Count

OCTOBER 5, 2022

Is there room to increase prices without pricing yourself out of the market? After that, you gradually increase the price as your market share grows. When possible, avoid markdowns because they are good for decreasing profits. Focus on customer retention rather than acquisition. Be smart on your pricing strategy.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

AUGUST 5, 2020

Retailers must maintain a healthy In-Stock Percentage for every product at every store, in order to avoid out-of-stocks, lost sales, failed promotions, and costly markdowns. CSI Market estimates the retail industry turns its inventory around 7.5 This avoids markdowns that cut into profit margins. times per quarter.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41