Retail Pricing Strategies - Six Mistakes To Avoid

The Retail Doctor

A retailer must be extremely aware of their pricing strategy to ensure that their pricing is done accurately and in a timely manner. Retail Sales

Advanced Retail Pricing Strategy: Unifying PPMO (2022)

Retalon

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. A retailers pricing strategy can’t be one-dimensional.

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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

Unlike a marathon, pricing shouldn’t feel as daunting to kickstart, no special running shoes needed or a major time investment. In fact, there’s no reason you should be missing dinner any night of the week to deal with the data dilemma when it comes to pricing.

Boost your eCommerce Revenue with Smart Pricing Analytics

IntelligenceNode

The retail world is currently facing rapid evolution. Market trends are fluctuating at an unprecedented pace, prices are as competitive as they’ve ever been, and customers are holding companies to ever-higher standards.

10 Reasons to use the Pricing Intelligence Software

IntelligenceNode

For staying ahead of your competition, pricing intelligence software is critical in today’s retail world. It involves monitoring, tracking and analyzing price trends to understand the market and make informed pricing decisions across various product categories efficiently.

Why Retailers Must Use A Price Comparison Engine For Their Ecommerce Website

IntelligenceNode

Marketing campaigns can prove to be very beneficial, but have you also considered leveraging Price Comparison […]. The post Why Retailers Must Use A Price Comparison Engine For Their Ecommerce Website appeared first on Blog.

Four Steps to Product Pricing Success

Rangeme

Do you know if your product is priced right for its category? And if so, have you considered all the hidden or additional fees associated with doing business in retail? Following are some key steps to ensure you are pricing your products correctly.

How Buy One, Get One Can Improve Your Sales

Wiser

Discounts are an effective short-term strategy that retailers use when inventory is moving slower than expected. Though the traditional discount sales are effective, Buy One, Get One (BOGO) has become one of the more popular choices for retailers lately. According to behavioral economics researcher Dan Ariely , shoppers generally overvalue the benefits of “free” even when compared to higher-quality items at a discounted price. Both retailers and shoppers love BOGO.

5 Ways to Manage Retail or Wholesale Prices

RETAIL MANAGEMENT SOFTWARE

Price management is one of the most important operation in any retail or wholesale environment. Retailers and wholesalers both must manage merchandise prices. If your stores are organized geographically, you can establish different prices for different geographical areas.

New [eBook]: Solving the Challenge of Online Data Collection

Wiser

For retailers and brands to take action on data, they need to trust their data providers, as they may often have questions surrounding match rates and data quality. To held shed some light on what goes on behind the scenes, Wiser has put together an eBook outlining the challenges of collecting online retail data, and our approach to solving them to help you achieve your business goals. .

5 Ways to Manage Retail or Wholesale Prices

RETAIL MANAGEMENT SOFTWARE

Price management is one of the most important operation in any retail or wholesale environment. Price is right merchandise for retailers or wholesalers. Retailers and wholesalers both must manage merchandise prices. Managing prices has never been easier.

5 Ways to Manage Retail or Wholesale Prices

RETAIL MANAGEMENT SOFTWARE

Price management is one of the most important operation in any retail or wholesale environment. Price is right merchandise for retailers or wholesalers. Retailers and wholesalers both must manage merchandise prices. Managing prices has never been easier.

5 Ways to Manage Retail or Wholesale Prices

RETAIL MANAGEMENT SOFTWARE

Price management is one of the most important operation in any retail or wholesale environment. Whether you’re managing prices for long-term or for seasonal cycles, you need to track and monitor each price for each SKU as well as keep an eye on inventories, especially at critical times. ChainDrive Price optimization and Management software manage your retail or wholesale prices effectively in your business.

5 Ways to Manage Retail or Wholesale Prices

RETAIL MANAGEMENT SOFTWARE

Price management is one of the most important operation in any retail or wholesale environment. Whether you’re managing prices for long-term or for seasonal cycles, you need to track and monitor each price for each SKU as well as keep an eye on inventories, especially at critical times. Retailers and wholesalers both must manage merchandise prices. You can set prices for the location of each store or region.

9 Reasons Why You Need an AI Pricing Tool Now!

IntelligenceNode

The Growing Need for Advanced Retail Pricing Tools The retail landscape has changed dramatically in recent years. Uncategorized pricing solution pricing tool

Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. Real retail spending grew by 1.4 Retail prices increased 4.8 per cent price growth.”.

City Chic posts solid sales growth, especially in the US

Inside Retail

Global plus size fashion retailer City Chic says it has accelerated growth across all regions, and reached an “exceptionally strong position” in the US market. The post City Chic posts solid sales growth, especially in the US appeared first on Inside Retail.

New, crunchier Wotsits launch in April

Talking Retail

Wotsits Crunchy will have a recommended retail price of £1 in 60g packs and come in two flavours, Really Cheesy and Flamin’ Hot. Or just read more coverage at Talking Retail. Wotsits is expanding its range with the launch of a crunchier version in April.

Rubicon Spring launches slim-can versions

Talking Retail

The flavoured sparkling water will be available in 330ml cans and Barr is advising retailers to stock both traditional and slim variants to make the most of sales. The recommended retail price will be £1.29 Or just read more coverage at Talking Retail.

Sour Patch launches watermelon flavour

Talking Retail

The new Sour Patch Kids Watermelon 140g bags will have a recommended retail price of £1.32 and have been certified by the Vegan Society, helping retailers tap into this growing trend. Or just read more coverage at Talking Retail.

Usdaw repeats call for government action as RPI hits 11.7%

Talking Retail

Retail trade union Usdaw is calling on the government to take immediate action to tackle the growing cost of living crisis, as inflation reaches a 40 year high and wages continue to be devalued by rising prices. The Retail Prices Index increased to 11.7%

Ambrosia launches porridge pots

Talking Retail

The pots are available in Original, Raspberry and Golden Syrup flavours, each with a recommended retail price of £1 per pot. Or just read more coverage at Talking Retail. Premier Foods-owned Ambrosia has launched a range of ready-to-eat porridge pots.

Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

Australian retail spending is now higher than it was tracking before the pandemic, but data from Deloitte suggests celebrations should be held in check. Retailers face challenges of consumers shifting toward value purchases, squeezed margins and rising business costs.

Beauty Pie opens ‘Warehouse of Dreams’ pop-up in Covent Garden

Retail Focus

Founded in 2016 by serial entrepreneur Marcia Kilgore , Beauty Pie was created as a one-stop destination for luxury beauty products at ‘warehouse prices ‘ The D2C brand claims it does not charge consumers for the ‘middleman’ or retailer mark-ups.

Ben & Jerry’s adds a new flavour to its hand-held ice-creams

Talking Retail

It is available in a multi-pack with a recommended retail price. Or just read more coverage at Talking Retail. Ben & Jerry’s has introduced a new flavour of ice-cream on a stick.

Country Choice parades its Easter range of cakes and biscuits

Talking Retail

It gives star billing to its new Easter fondant fancies, which come individually wrapped, 10 of each flavour in a case, with a recommended retail price (RRP) of £1.40 Or just read more coverage at Talking Retail.

The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

In an ASX announcement, the discount retailer has announced that sales for the half were estimated at $424.7 ” 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.

Casillero del Diablo adds Reserva Especial Sauvignon Blanc

Talking Retail

Recommended retail price is. Or just read more coverage at Talking Retail. Wine brand Casillero del Diablo has launched a premium Chilean Sauvignon Blanc varietal on to the UK market. The 12.5%

eBay Opening Store for ‘Sneakerheads’

VMS

The store is located on Fairfax Avenue in Los Angeles and will offer deals like 70 percent off retail prices, and an even bigger discount for those who wear the new shoes while exiting the store. eBay (San Jose, Calif.)

As inflation rises, industry voices demand government action

Talking Retail

Retail trade union Usdaw is again calling on the Government to take immediate action to tackle the cost of living crisis, as inflation continues to grow and wages are devalued by rising prices. The Retail Prices Index rate of inflation increased to 11.8%

Nisa pre-Christmas offers to boost sales as shoppers stock up early

Talking Retail

Nisa is offering its retailers a package of confectionery deals to increase sales in the build-up to Christmas. on the recommended retail price, and sharing pouches of Celebrations and Quality. Or just read more coverage at Talking Retail.

Robert Dyas starts pricing journey with Competera and KIVALUE

Retail Times

Robert Dyas, a UK-based garden, DIY, electricals & homewares retailer, will enhance its competitive data monitoring with Competera's Competitive Data solution and consulting partner KIVALUE. The partnership is the first step of the retailer's pricing journey to AI-based price optimisation. Retail News Retail Technology Retailer News Robert Dyas

Rustlers adds another burger to its range

Talking Retail

The new burger is intended to provide customers with more choice and has a recommended retail price of £2.75. Or just read more coverage at Talking Retail. Rustlers is expanding its cook-in-box range with a Peri Peri Chicken Tenders Burger.

Bottlegreen’s new cordial flavour launches in time for summer

Talking Retail

The addition to Bottlegreen’s range comes in its well-known 500ml glass bottle, with a recommended retail price of £3.75. Or just read more coverage at Talking Retail. Cordial maker Bottlegreen has introduced a new lime and mint flavour for summer.

Robinsons adds another flavour to its ready-to-drink line-up

Talking Retail

The latest flavour is available from this month (March), in 500ml packs with a suggested retail price of £1. Or just read more coverage at Talking Retail.

Prestige skincare prices increased 7% in the period Oct-Dec 2021, reports The NPD Group

Retail Times

The average sales prices of prestige skincare in the UK increased 7% in the period Oct-Dec 21 compared to the same period in 2020, according to The NPD Group. Many sectors of the beauty and personal care markets have been affected by higher retail prices and Prestige skincare has reported a marked increase in average sales price which is due to international and local issues.

5 Inventory Costing Methods to Consider When Valuing Your Stock

Retail Times

These are some of the most critical things retailers should be asking, and believe it or not, there is no one “right” answer to these questions, because of the various inventory costing methods out there. In this post, we’ll explore the different ways for valuing retail stock.

Limited edition Patek Philip Tiffany watch sells for $6.5 million

Retail Wire

That figure was 120 times the timepiece’s retail price. The first of 170 limited edition Patek Philippe Tiffany & Co. Nautilus watches sold for $6.5 million at auction on Saturday. The Tiffany Blue Nautilus is, without a doubt, amongst the most exciting, exclusive, and coveted examples of a Nautilus ever offered,” said Paul Boutros, head of watches at Phillips Americas. in-article

Chemist Warehouse accused of price tampering during Black Friday sales

Inside Retail

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Chemist Warehouse accused of price tampering during Black Friday sales

Inside Retail

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Flour Price Jumps 5.3% in Last Month

Small Biz Trends

The average retail price of flour across the US jumped by 5.3% in July, following trends of rising prices of products in grocery stores, according to data from the Bureau of Labor Statistics. Flour Prices are Up. Food Prices in Grocery Stores Up.

Diesel Price Down for 8th Week in a Row, Remains Historically High

Small Biz Trends

The weekly national average price for a gallon of diesel fell by a little over 10 cents in the past week reaching $5.021, according to the American Automobile Association (AAA). However, retail diesel prices remain high indicating a long road ahead for diesel prices to start stabilizing.

In the News: Grants of $10,000 or More From DoorDash and Government Programs

Small Biz Trends

Flour Price Jumps 5.3% The average retail price of flour across the US jumped by 5.3% in July, following trends of rising prices of products in grocery stores, according to data from the Bureau of Labor Statistics.