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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

Despite a positive job market and a stabilized economic environment, most consumers ( 96% ) are looking to save money in the short term, according to a recent study from PwC. But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success.

Markdowns 310
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How to Win Consumer Choice in 2022: Focus on These 3 Trends

Retail TouchPoints

Virtually every aspect of the enterprise, from product development and analytics to operations and marketing, will need to evolve in parallel with the modern market; retailers need to rethink their cross-functional operations to thrive as they progress into the future. Embracing sustainable products and practices.

Consumer 270
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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions. alongside a large QR code.

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As Ecommerce Growth Continues, Retailers Turn ‘Steely-Eyed’ Gaze to Profitability

Retail TouchPoints

Then, once basic digital offerings were in place, merchants began to consider how to make these ecommerce advancements permanent in preparation for the “New Normal.”. At the height of the pandemic, standing up services like curbside pickup, BOPIS and a frictionless digital experience quickly was all that mattered.

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Jason & Scot Show Episode 309 Instacart IPO Filing

Retail Geek

So it’s been a very dry IPO market for startups and thus of interior backed investors. And you know a lot of people have been rooming that instacart would be out there there’s a couple other companies in this kind of unicorn Stratosphere stripe is another one that we cover a lot on the show from the payments world.

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FMI honors seven food industry executives

Mass Relators

The seven executives — Rick Brindle, Elizabeth Chace-Marino, Ron Edenfield, Bob Obray, Art Potash, Gordon Reid, and Joe Sheridan — have exemplified food industry excellence through first-rate company leadership, community impact and customer service, according to FMI. Albers, also known as “Mr. Supermarket,” was an avid industry collaborator.

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Does Your Store Have Community Charisma?

Retail Adventures

People of all ages today practice Lifestyle Marketing: sharing where we are and what we’re doing on social medias. The Antieau Gallery in New Orleans promoting free shipping as a Christmas Miracle. Charles, Illinois does an unexpected twist on “No shoes, no shirt, no service.” It was definitely a conversation starter.