Remove 2018 Remove Markdowns Remove Promotions
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What are Retail Markdowns?

Wiser

Altering your price, particularly through markdowns, can be a smart strategy, but only if done correctly. Unsuccessful or excessive markdowns can lead to staggering losses in terms of missed revenue and a lower margin on your goods. What are Retail Markdowns? How to Implement a Markdown Strategy. Don’t believe us?

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The Retail Landscape Continues to Evolve — Data Departments Need to Keep Pace

Retail TouchPoints

Partly due to this shift in consumer sentiment toward valuing privacy, California enacted the Consumer Privacy Act of 2018 , imposing strict regulations on how, and how much, customer data can be collected. Even worse, these promotions often fail to clear the desired inventory at all.

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What is Everyday Low Pricing?

Wiser

Everyday low pricing is a pricing strategy in which brands and retailers promise consumers that their prices will be consistently low, as opposed to having sporadic discounts or promotions. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns.

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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon.

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Gartner Hype Cycle for Retail Technologies 2018

Retalon

Unified Price, Promotion and Markdown Optimization. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. Climbing the Slope. Customer-Centric Merchandising and Marketing. Unified Merchandise Planning. Entering the Plateau. Algorithmic Merchandise Optimization. Appendixes.

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15 Things to Do RIGHT NOW to Get Your Store Ready for Holiday 2020

Retail Adventures

These signs include the promotional and event signs that are meant to be hung for a limited amount of time. Try a Buy $25 in gift cards, get a $5 gift card for free or Buy $50 in gift cards, get a $10 bonus card promotion. Be prepared for markdowns and returns. Zone Two Signs are hung just above the shoppers’ eye level.

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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

In today’s omnichannel retail world, the best way to improve KPIs and meet yearly objectives is by adopting a predictive analytics solution that can forecast true demand, accurately allocate inventory, optimize promotions, and balance inventory and assortment between stores while being in tune with individual business goals. Promotion Lift.