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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Many retailers used to approach promotions in a standardized, blanketed way, but with AI, they can now zero in on what Gartner calls the customer’s “biting point.”

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What’s old is new again: The rise of rental

Inside Retail

And in most cases, you end up paying more than the retail price for an item by the end of your term. IR: What are your plans for Breeze in 2022? We have no plans to open up a physical space, but we have something in the works that will make this decision make a lot of sense when we launch it in a couple of months.

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These Were the Top Retail Stories of 2022

VMS

It’s the first time the company plans to use drones for customer deliveries in the United States. The initial plan is to drop these package-carrying drones into the backyards of residents in Lockeford, Calif. In September, still struggling to find the key to survival, the retailer announced more than $500 million in new financing.

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5 ways crowdfunding can get you through the shipping crisis

Retail Bound

As an added bonus, you can take the time to plan out a sound distribution strategy with the natural delay built in. Backers get the satisfaction of feeling they’ve paid an acceptable price, and businesses can have some peace of mind knowing they’ve made their money back—a win-win!

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Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies. It used to be that brands differentiated by delivering unique, hard-to-find products, or by lowering retail pricing to undercut direct competitors. – Inventory management.

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Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies. It used to be that brands differentiated by delivering unique, hard-to-find products, or by lowering retail pricing to undercut direct competitors. – Inventory management.

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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

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. Thailand keeps the lid on. billion (US$1.6

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