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Explainer: Why Is France Struggling To Lower Supermarket Prices?

Retail Wire

France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.

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The Step-Up in Ecommerce Sneaker Fraud

Retail TouchPoints

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. Heeling and Dealing The sneaker resale market is a lucrative industry.

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

Retail TouchPoints

AI-powered data solutions specifically related to pricing optimization, inventory management and advanced demand forecasting for major retailers. Barach guides development and customer deployment of antuit.ai

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UK shoppers are taking 30 percent longer to make purchases as inflation bites

365 Retail

Despite this, the study by global review platform Trustpilot found 46 percent of consumers ‘have no choice’ but to go for items with a lower retail price – over factors such as quality – as they can’t afford to pay more. 65 percent of those who felt this way claiming this is out of necessity due to the cost-of-living crisis.

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These Were the Top Retail Stories of 2022

VMS

In September, still struggling to find the key to survival, the retailer announced more than $500 million in new financing. or two Covid-dominated years, a lack of dockworkers left ships unloaded and retail warehouses empty. Retail prices have inflated and consumer demand has softened. The problem?

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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? IR: Something Borrowed recently received $1.5 million in series A funding. What are your plans for that investment?

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5 ways crowdfunding can get you through the shipping crisis

Retail Bound

Thanks to the predictable consumer demand around the holiday season, shipping prices are set to increase once again as retailers and e-commerce sellers scramble to stock their shelves with inventory. It’s very likely that customers will be seeing increased retail prices as a result of the inflated shipping costs you’d be paying.