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Recharge Your Digital Pricing Strategies with Data Science

Retail Focus

As other sectors, including travel and hospitality, experienced online commerce surges, the retail market shifted at a more leisurely pace. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment. By Craig Marion , Global Product Leader, DemandTec.

Markdowns 200
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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. In this report: Market Definition. Market Analysis. Market Introduction. Market Recommendations. Representative Vendors.

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As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

Because of efforts to address this mismatch of product and real-world sizing, Coresight Research estimates that the value of the extended-size market for women will grow to $32.3 this year alone, representing approximately 21% of the total women’s apparel market. billion in the U.S. Challenge 3: Pricing.

Consumer 287
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Evaluate your Business’s Inventory Planning: Here’s a 10-Point Checklist

Retail Smart Guys

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Maintains a low number of overstocks. ? Keeps a low number of stockouts. ? Ace the list now!

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The Order Fulfillment Process in 2022 and Beyond

Retalon

So, to remain competitive across all channels, retailers have to optimize their order fulfillment process on an ongoing basis. This includes everything from purchasing inventory to returns management. When they are able to do so, retailers have a better chance of meeting their consumer’s needs and are able to save time and money.

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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.