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may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success. Retailers who don’t account for these considerations often struggle with profitability. ultimately determine how profitable your business is.
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These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Consider the following: Existing business intelligence tools and traditional analytics software are ineffective for making decisions going forward.
It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?
It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?
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