article thumbnail

Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

Lifecycle pricing , which integrates base pricing, promotions and markdowns into one holistic strategy, can help merchants optimize their approach — especially as they strive to localize, and even personalize, experiences for consumers across all channels. Many times, markdowns are heavily weather related, especially for fashion retailers.

Markdowns 321
article thumbnail

New app helps grocers, consumers reduce food waste

Inside Retail

Gander has teamed with Spano’s IGA and County Grocers to offer this sustainable solution in stores in Queensland and Victoria, making the chains the country’s first to use Gander’s solution. The post New app helps grocers, consumers reduce food waste appeared first on Inside Retail.

Grocer 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Improving Markdowns Will Impact Your Most Important Supply Chain KPIs

Retail TouchPoints

So why should these teams expand their focus to consider markdown planning in addition to their already full slate of targets? Because better markdowns have the potential to significantly improve the traditional KPIs that supply chain teams are evaluated on.

Markdowns 273
article thumbnail

44% of UK shoppers want best-before date discounts to help cut grocery bills

Retail Focus

More recently, other grocers, including Aldi and M&S , have taken a similar course of action and removed use-by dates on fresh milk items. By leveraging dynamic markdown capabilities, retailers can accommodate all of these needs.”

Markdowns 147
article thumbnail

44% of Uk Shoppers Want Best-before Date Discounts to Help Cut Grocery Bills

365 Retail

More recently, other grocers, including Aldi and M&S , have taken a similar course of action and removed use-by dates on fresh milk items. By leveraging dynamic markdown capabilities, retailers can accommodate all of these needs.”

article thumbnail

From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Giving Retailers More of What They Need 2D barcodes will have an immediate impact on visibility and management of inventory and, as a result, will reduce markdowns while also enabling quicker resolution of recall items. For example, Australian grocery giant Woolworths is using 2D barcodes to enhance food safety and cut down on food waste.

article thumbnail

Marks & Spencer’s Turnaround Strategy, Why it’s Working

Indigo 9 Digital

That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Ocado is an online grocer and Marks & Spencer paid £750 million for a 50% stake in Ocado’s UK retail business in 2019. 57% of Amazon’s unit sales in come from third party sellers on its platform.