Retail TouchPoints

FEBRUARY 2, 2022

In my experience, the data is what keeps retailers from making the big jump to new pricing technologies and strategies. Begin with what you have and build a plan to fill in the gaps. I assure you that not every retailer has this all, and this should be expected when you’re looking for a better pricing strategy.

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Retailing Pricing Markdowns Accounting Outdoor 236

Retail Focus

JUNE 3, 2021

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. Pricing science continues to innovate, evolve and advance. .

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Markdowns Promotions Shopping Planning 200

Retail TouchPoints

JANUARY 3, 2023

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. ATO attacks cost retailers millions of dollars each year.

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Merchant Services Payment Services Accounting Checkout 301

Retalon

OCTOBER 24, 2023

As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.

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Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retail TouchPoints

OCTOBER 11, 2021

AI-Based Pricing Brings Surgical Focus to Help Retailers Successfully Navigate Unprecedented Markets. With the unprecedent pace of change in shopper, competitor and market behaviors, merely dusting off strategies from years past leaves retailers painfully exposed as they position against more agile, data-driven competitors.

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Markdowns Promotions Retailing Pricing Marketing 240

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. More recently, the debate has centered on mega-stores in the online arena like Amazon, and the impact they have on physical retailers. Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies.

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Fulfillment Comparison Shopping Markdowns Promotions 32