Remove Accounting Remove Location Remove Retailing Pricing
article thumbnail

How Localization is Helping CVS Position Itself as the Modern General Store

Retail TouchPoints

CVS is one of the largest retailers in the U.S. by store count, with more than 9,000 locations across the country. And while a consistent experience is important for the chain, increasingly, the pharmacy retailer is working to create a store environment that caters to each local community individually.

article thumbnail

The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

I recommend collecting competitive data, at least as a reference point, if not a driver for adjusting your retails. If not, you don’t have to collect every SKU, every day for every competitor location or web page. I would take a guess that you are already doing this.

Insiders

Sign Up for our Newsletter

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

article thumbnail

British Home Improvement Retailer MKM Lays the Foundation for Future Success with New Composable Website

Retail TouchPoints

A National Business Operating Locally MKM operates 125 branch locations across England, Scotland and Wales, each with its own inventory and pricing. This gives them flexibility to operate their location in the way that works best for their market, including setting their own prices.

article thumbnail

Behind Documents’ path to luxury fragrance leadership in China

Inside Retail

As such, it commands premium retail prices – nudging 1000RMB ($140) per 30ml bottle – and has drawn investment from French giant L’Oreal’s venture capital fund, Chinese online luxury accelerator Ushopal , and spirits giant and Chivas Regal parent Pernod Ricard. Each time we design a store, we look at the location and the neighbours.

article thumbnail

How to Price Handmade Items

Small Biz Trends

When pricing handmade products, there are a few different structures and terms that may impact your decisions. From retail price to wholesale price, here are the top terms to know as you price your handmade products. Retail Price. Selling Price. Example That Shows the Formula in Action.

Wholesale 128
article thumbnail

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. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

article thumbnail

How Halara uses machine learning to make just the right amount of activewear

Inside Retail

“I started my career in production [at Ralph Lauren], so I know my [production] cost sheets fairly well and how retail pricing works, those costs were just like not possible. In addition, Hirata said the company eventually plans to open permanent bricks-and-mortar locations. So I thought what was the secret?”

Markdowns 130