article thumbnail

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

Retail TouchPoints

AI-powered data solutions specifically related to pricing optimization, inventory management and advanced demand forecasting for major retailers. Barach guides development and customer deployment of antuit.ai

Markdowns 270
article thumbnail

How Korea’s big 3 department stores are killing it right now

Inside Retail

As evidence for the potential of prices to rise further, the Producer Price Index for apparel (a proxy for wholesale prices) was up 7.3 per cent in March, an indication that retail prices may follow soon.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

They’re looking for the best deal and are probably going to use the web to do price shopping. That means retailers have to be transparent with their pricing, but they can go further. That would be a service price-sensitive consumers couldn’t get anywhere else.

Consumer 279
article thumbnail

Kiwis ‘not served well’ by grocery duopoly, but report reactions mixed

Inside Retail

Another major issue is the inability of new retailers to be able to access competitively-priced stock from wholesalers, controlled by the duopoly. For years, this has led to convenience store operators buying stock at a Countdown or Pak’N Save store where common items can be bought in volume considerably cheaper than from wholesalers).

Wholesale 130
article thumbnail

Digital Is Turning Retail Into An On-Demand Model

Retail TouchPoints

For example, sustainable ‘rental fashion’ is one phenomenon taking over the industry as Millennial and Gen Z consumers, who value access over ownership, buy into the concept of hiring clothing at a fraction of the retail price.

article thumbnail

[Infographic] Brick-and-Mortar Retailers (Plus Chocolate) Drive Sales on Valentine’s Day

Wiser

Valentine’s Day shoppers prefer “X percent off retail price” deals the most, well ahead of Buy One, Get One (BOGO). Naturally, free shipping was much lower, likely connected to the preference for brick-and-mortar stores over online. Once inside, there are a few promotions that help close the deal.

article thumbnail

Jason & Scot Show Episode 300 – Goodwill Finds CEO Matt Kaness

Retail Geek

39:48] But technical roadmap that were able to deploy that will integrate with the store operations and the back of house operations that will allow for scared investments in technology that all the good wolf can take advantage of. For the first time we’ll have decentralized marketing funnel brands. Scot: [57:47] Yeah.