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

Retail TouchPoints

Brands and retailers are feeling mounting pressure — from consumers, shareholders and even their boards — to be more inclusive. More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. billion in the U.S.

Consumer 288
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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 Description. Market Direction. Market Analysis. Market Introduction.

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

Retail Smart Guys

If you attain a score lower than eight, you definitely need to raise your game, especially in this competitive retailing market. With Retail Smart Guys , your current inventory will be analyzed and, if necessary, be reclassified according to your business needs. Ace the list now!

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6 Ideas to Get Your Fair Share of Sales

Retail Adventures

Even when things were “normal”, customers shopped in strange patterns, and their choices tend not to be divided equally among retailers. Continue to Plan Events & Promotions: You have competition coming at you from all sides, all vying for the customers’ attention. Plan each event, buy product for them, and get your team involved.

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Key Tips for Leveraging Personalization in the Retail Industry

Retalon

When you properly personalize the customer retail experience, you not only have the opportunity to connect with consumers on a deeper level and increase sales, but you can also use related shopper data to optimize your product pipeline. There are, of course, challenges to overcome with real-world and e-commerce personalization.

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Personalization vs. Consistency in the Retail Customer Experience

Retalon

When you properly personalize the customer retail experience, you not only have the opportunity to connect with consumers on a deeper level and increase sales, but you can also use related shopper data to optimize your product pipeline. There are, of course, challenges to overcome with real-world and e-commerce personalization.