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10 Leading Strategies for Pricing New Products (2021)

Retalon

Balancing the tradeoffs and identifying the best pricing strategy or combination of pricing strategies has always required deep retail management expertise. But in today’s dynamic and data-rich retail environment, leading retailers are leveraging the power of AI to deliver more powerful insights into pricing strategies.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

And you know what they say — “what gets measured gets managed.” ” Developing specific, measurable key performance indicators (KPIs) for your markdown pricing ensures your decisions align with company objectives. A straight price cut may not be the best way to mark down end-of-life products.