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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. And don’t forget the shopper looking for that end-of-season deal.

Markdowns 239
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Reebok Pacific GM talks new Chadstone store and growth plans down under

Inside Retail

The brand has a range of partnerships in the works, and recently opened its first domestic flagship – a 167sqm store at Chadstone Shopping Centre, showcasing new trends and styles, and introducing new customers to the vintage brand. Then, as part of our longer-term plan, we will look to expand to other locations.

Planning 246
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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

Andre Reich, CEO of The Reject Shop stated that the team was challenged with uncertainty and volatility due to Covid. “We ” During the half, the company increased its retail prices on selected products to counter rising international shipping costs which were five times higher than pre-Covid levels.

Shopping 245
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How Halara uses machine learning to make just the right amount of activewear

Inside Retail

Having launched as a strictly direct-to-consumer brand, Halara is switching things up and will be hosting its first-ever pop-up shop at 470 Broadway in New York City. Hirata sat down with Inside Retail to discuss the brand’s growth strategy and its upcoming plans for building a physical in-store presence. What’s next for Halara?

Markdowns 130
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Five Steps to Achieving a Perfect Retail Plan

Retail Smart Guys

The planning of retailing process requires vigorous efforts, data, research, and in-depth analysis to ensure its fruition in optimizing your retail stores. To guide your way to developing a retail planning process, here’s a five-step approach to get you started. A robust retail plan is not what it all takes.

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Goodbyes’ roadmap for national expansion and a store in every city

Inside Retail

Goodbyes is Australia’s largest bricks-and-mortar resale service and secondhand shopping experience. Its hybrid consignment model and curated in-store shopping experience have made it a go-to destination for economic and environmental shoppers who still want to be fashion-forward. OM: We’ve currently got six stores.

Fashion 244
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Omnichannel Pricing is Critical for This Year’s Back-to-School Shopping

365 Retail

Shoppers looking forward to having their school-age children back to in-person learning this autumn are eager to shop earlier and spend more than in recent years. Conversely, 78% of shoppers ‘often’ or ‘always’ shopped in store pre-COVID, which fell to just 39% in spring 2021. Science-Based Pricing is Now Imperative.