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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

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Everything You Need to Know About Keystone Pricing

Wiser

If you find that customers aren’t buying at the markup level, you can use markdowns and discounts until the selling price is more in line with customer expectations. If you’re selling a big-ticket item with low turnover and high shipping and shrinkage costs , you might end up actually eroding your margin with keystone pricing.