Inside Retail

OCTOBER 25, 2023

Coles saw higher sales in the first quarter of FY24, attributed to more customers preferring to eat and have entertainment at home to cut back on discretionary spending. billion, attributed to growth in both the supermarket and liquor segments. Group sales rose 3.6 per cent year over year to $10.25 ” Supermarket sales jumped 4.7

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Supermarket ATS Checkout 239

Retail TouchPoints

DECEMBER 22, 2022

Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

Retailing Pricing 267

Retailing Pricing Markdowns Consumer Marketing 267

Retail TouchPoints

JUNE 7, 2023

Before AI and machine learning, now-common practices like dynamic pricing were largely manual. Dynamic pricing used to solely involve historical data and intuition, which could be time-consuming and unreliable. One of the next frontiers in ecommerce companies’ use of AI and ML is marketing attribution.

Marketing 242

Marketing Advertising Customer Experience Consumer 242

Retail TouchPoints

SEPTEMBER 2, 2022

Retailers looking to attract and retain price-conscious shoppers during the current bout of inflation may want to consider stocking more small- and medium-sized brands. Retailers looking to tout these attributes in their assortments can get a head start with smaller brands that have gained shoppers’ trust.

Consumer 280

Consumer Promotions Planning Management 280

Retail Wire

SEPTEMBER 16, 2022

The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. ”

Department Stores 246

Department Stores Inventory Management Management 246

Retail Gazette

APRIL 10, 2024

Tesco said price pressures on supermarkets continue to ease as it reported its profits had more than doubled over the past year. He said the supermarket had “worked hard” to reduce prices, including “doubling down” on its Aldi Price Match offer and Clubcard Prices promotion, which is available on around 8,000 products each week.

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Supermarket Promotions Returns Marketing 135

Inside Retail

AUGUST 29, 2023

per cent compared to the previous year – predominantly attributed to rising prices rather than goods sold – Domino’s Pizza Enterprise EBITDA fell by 23.3 Price increases are reportedly off the table for the current financial year. The business sought to offset this with price rises, as well as a 6 per cent delivery fee.

Net Profit 246

Net Profit Consumer Marketing Management 246

Retail TouchPoints

NOVEMBER 14, 2022

This sharp increase is attributed to surging demand for AI-powered retail solutions as the industry continues to undergo digital transformation. Competitive pricing. Competitive pricing is a key strategy to build customer loyalty and increase sales. billion in 2021 to $31.18 billion in 2028.

Customer Experience 332

Customer Experience Marketing Promotions Returns 332

Retail TouchPoints

NOVEMBER 17, 2023

Successful execution of product substitution depends on several key factors: delivering functional equivalence to the original product, improving product quality, ensuring price alignment, having real-time visibility into inventory management and customer behavior, and upholding customer experience standards.

Customer Experience 249

Customer Experience Inventory Management Fulfillment Inventory Turnover 249

Retail Wire

OCTOBER 5, 2023

The denim giant attributed the slump to extensive promotions and declining sales in its North American wholesale channels. The broader retail landscape, impacted by restrained consumer spending due to elevated prices and.

Wholesale 113

Wholesale Promotions Consumer 113

Retail TouchPoints

JULY 10, 2023

Generative AI can dramatically improve customer experiences and drive revenue by helping shoppers find the products that most match attributes of what they’re looking for today, not just what they have purchased in the past. It leverages hyper-localized search combined with millions of product attributes to recommend products.

Merchant Services 275

Merchant Services Customer Retention Shipping Marketing 275

Inside Retail

JUNE 28, 2022

Australian Retailers Association CEO, Paul Zahra advised that sales growth is unlikely to be sustainable and only reflects higher consumer prices as a result of inflationary pressures. “The high sales volumes can be partially attributed to the higher consumer prices we’re seeing across the economy, particularly in the food industries.

Department Stores 264

Department Stores Accessories Consumer ATS 264

Retail TouchPoints

JULY 15, 2021

Its capabilities include forecast and optimization technologies that are compatible with allocation, fulfillment, assortment and pricing solutions.

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Fulfillment Planning ATS Customer Experience 264

Inside Retail

JUNE 28, 2023

Australian Retailers Association CEO, Paul Zahra, said sales growth for essentials like food is “largely attributable to inflationary price increases”. Food, dining out and takeaway are still predominantly driving overall retail sales growth and unavoidable price increases are a significant factor for those businesses.”

Promotions 240

Promotions Department Stores Accessories Consumer 240

Retail TouchPoints

MAY 16, 2023

The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion , according to President and CEO Ted Decker. The retailer’s share price fell about 2% the morning of May 16 in response to the results and adjusted outlook. Total sales were $37.3

Consumer 263

Consumer Marketing Store Operations ATS 263

Retail Wire

AUGUST 29, 2022

The relative strength of the breakfast segment can be attributed to convenience and the relatively low price of food and beverage items at that time of day. Restaurant traffic overall was down two percent in the second quarter, but the breakfast day-part was flat, according to The NPD Group.

Management 130

Management ATS 130

Retail TouchPoints

JULY 12, 2023

The company expects net proceeds from the offering to reach approximately $41 million , assuming its share price hits the midpoint of $28.50 , slightly under its goal of $30 , according to a filing with the SEC. Oddity also has applied to list its Class A ordinary shares on the Nasdaq Global Market under the ticker symbol “ODD.”

Planning 204

Planning Management Marketing ATS 204

Retail Wire

AUGUST 9, 2023

Amazon’s success in the beauty sector is attributed to its strategy of offering low prices, a wide range of products, Amazon’s dominance in the U.S.

Marketing 100

Marketing 100

Retail TouchPoints

DECEMBER 23, 2021

Shoppers can use an app to see all relevant information about their basket as they shop, including items, price, additional product info, total cost so far, and promotions and coupons that have been redeemed. GK Go was created with flexibility in mind and can be used in both staffed and autonomous stores.

Checkout 248

Checkout Shopping Payment Services Promotions 248

Retail Wire

FEBRUARY 4, 2022

The United Nations Food and Agriculture Organization released its global index yesterday and the data supported what has been apparent to consumers worldwide from what they’ve encountered at the shelf — food prices have shot up to their highest level in over ten years.

Consumer 130

Consumer ATS 130

Retail Wire

FEBRUARY 4, 2022

Meta’s stock took a drubbing this week when Wall Street got wind of its lowered forecast, attributed in part to Apple’s app privacy changes which in effect prevents Facebook from gathering the kind of user data it needs to sell advertising.

Advertising 187

Advertising Marketing 187

Inside Retail

AUGUST 21, 2023

The sales growth was attributed to the retailer’s Dropped & Locked value campaigns and the successful execution of trade plans during Easter, Christmas and Mother’s Day. Supermarket sales reached $36.7 billion, up 6.1 per cent, with online sales of $2.8 billion, up 1.1 billion in this financial year, up 9.6

Supermarket 245

Supermarket Returns Shopping Planning 245

Retail Wire

JUNE 23, 2022

A new study by FMI-The Food Industry Association finds that price, value, quality and taste are factors involved in consumers’ decisions to purchase private label CPG products. When asked about 14 product attributes, shoppers identified an average of four reasons for choosing private-brand products.”.

Consumer 130

Consumer ATS 130

Retail TouchPoints

JANUARY 2, 2024

The financial piece is important, where people get access to additional discounts, special prices or free stuff. For example, Deloitte found that consumers across industries are more willing to pay for additional financial benefits, such as special pricing and personalized experiences.

Drop-Shipping 277

Drop-Shipping Consumer Customer Retention Shipping 277

Retail TouchPoints

MARCH 1, 2023

REI also has updated supplier rules regarding pricing equity and inclusivity issues, saying the retailer “expects that all wearable products offered in a variety of sizes maintain the same price within a style regardless of size.”

Outdoor 248

Outdoor Consumer Planning 248

Retail TouchPoints

DECEMBER 2, 2021

The off-price retailer announced plans for 1,050 new store openings, 1,750 store remodels and 100 store relocations; the launch of 1,000 pOpshelf locations by fiscal 2025; and the company’s entrance into Mexico with 10 stores in fiscal 2022. billion , but that was mostly attributed to new store openings. The retailer posted a 3.9%

Planning 278

Planning Location Consumer Marketing 278

Retail TouchPoints

JANUARY 6, 2023

Today, people associate various things with the metaverse, but in most cases these include such attributes as viral, blockchain, VR, digital, etc. There are a few early adopters of the metaverse store concepts, and they are definitely worth following — their approaches to pricing are especially interesting as that’s completely new terrain.

Consumer 316

Consumer Supermarket Marketing Accounting 316

Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. Can Retailers Win a Pricing ‘Game of Chicken’? “We

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Management Planning Accounting Consumer 217

Inside Retail

MARCH 25, 2024

These collections tap into three key tenets that higher-end brands typically use to justify their higher price point: fashion-forward designs, higher-quality materials and sustainable values. The post Pricing and consumer perception: Why fast-fashion brands launch premium ranges appeared first on Inside Retail Australia.

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Fast Fashion Fashion Consumer Fulfillment 130

Retail TouchPoints

MARCH 9, 2023

million , which the company attributed to the wider pullback in consumer discretionary spending as well as an influx of discounted product from other retailers during the holiday season. We’ve been testing fees at different price points and also, similarly, with paying for the cleanout bag. million items to 9 million items.

Returns 261

Returns Shipping Consumer Promotions 261

Inside Retail

AUGUST 22, 2023

per cent, driven by higher menu prices. million while net profit attributable to shareholders fell 74.4 I want to be clear to our customers facing cost of living pressures, we do not expect to pass on pricing increases this year.” Group revenue rose 3.4 per cent to $2.4 billion with total food sales up by a meagre 2.2

Net Profit 130

Net Profit Returns 130

Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

Merchant Services 288

Merchant Services Promotions Consumer Discount Store 288

Retail Wire

DECEMBER 27, 2022

The North Carolina Department of Agriculture and Consumer Services’ Standards Division spot checks stores to assess the accuracy of prices charged at checkout versus what is posted on the shelf.

ATS 100

ATS Checkout Consumer 100

Retail TouchPoints

MARCH 7, 2023

While both chains are focused on value, Ross puts an emphasis on off-price apparel and home fashion, while dd’s Discounts’ assortment competes with department stores through a selection of in-season name brand apparel, accessories and footwear. ” Ross’ comparable store sales fell 4% year-over-year in Q4 2022, which ended Jan.

Planning 258

Planning Apparel Discount Store Department Stores 258

Retail TouchPoints

AUGUST 18, 2021

Walmart’s high-margin advertising business will allow the retailer to continue investing in pricing and expand its captive customer base, making it more difficult for grocers without a dedicated team of software engineers to compete. The retailer attributed the growth entirely to traffic, with comparable store sales up 8.7%

Grocer 285

Grocer Advertising Fulfillment Shopping 285

Retail Gazette

JANUARY 8, 2024

Matalan has invested £35m into lowering the prices on more than 700 products as it continues to support customers through the cost-of-living crisis. Matalan said the business was able to unlock the price cuts through a more collaborative buying and sourcing strategy and by passing on reduced input costs as inflation falls.

Markdowns 109

Markdowns Fashion Planning Management 109

Retail Gazette

NOVEMBER 16, 2023

Iceland has expanded its £1 or less price freeze initiative to more than 1,000 of its value range products. To ease the pressure on our customers, not only are we offering low prices but a commitment to keeping them that way with our value range price freeze. It emerged this week that Iceland had plunged to a £17.1m

Grocer 111

Grocer Supermarket 111