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Dollar General Plans 575 New Stores, 4,250 Remodels, Tests Same-Day Delivery

Retail TouchPoints

in the quarter compared to 29% in Q3 2023, a decrease that was attributed to increases in markdowns and inventory damages. The net sales increase was driven by positive sales contributions from new stores and growth in same-store sales, with same-store sales increasing 1.3% over the same quarter in 2023.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Depending on your brand messaging and your target market, your approach to pricing can be enormously different. Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.) Are you positioned as a luxury brand? A purveyor of high-quality goods?

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How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. The assortments at urban flagships, suburban outlets, and airport kiosks will reflect the company’s brand but the breadth and depth of the assortments will be different. Read More.

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

Retalon

– Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. touching products).

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

Retalon

– Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. touching products).

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Since 2002 Retalon has optimized pricing, inventory management, merchandising, planning, and marketing operations for retail organizations in a variety of industries.