Retail TouchPoints

NOVEMBER 11, 2024

is at an all-time high, with one in four Americans struggling to afford basic groceries due to rising food costs – a situation only exacerbated by inflation. In contrast, a promising alternative known as dynamic markdowns is gaining traction. Food insecurity in the U.S. Many view these pricing strategies as “milking” the customer.

Markdowns 162

Markdowns Supermarket Shrinkage Consumer 162

Retail TouchPoints

JANUARY 7, 2021

These insights are a powerful way to gauge consumer demand for sustainable products with current and past sales data, identify the most profitable promotional strategies, and minimize markdowns and waste from the start. Businesses can then better predict and measure markdown results while dynamically updating markdown plans.

Markdowns 325

Markdowns Promotions Consumer Planning 325

Inside Retail

AUGUST 27, 2024

The supermarket chain’s net profit before significant items slid 0.6 billion while other segment’s sales stood at $356 million. Big W’s sales remained flat amid markdowns to clear the autumn/winter range. Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $67.92

Net Profit 275

Net Profit Markdowns Supermarket ATS 275

Inside Retail

JULY 6, 2023

Gander, describing itself as an Australian first, connects shoppers with reduced-price foods nearing their expiration dates, offering discounts and reducing food waste in supermarkets and grocery stores. For retailers, reduced food can cost them up to 7 per cent of their turnover.

Grocer 264

Grocer Consumer Markdowns Supermarket 264

Retail Focus

FEBRUARY 27, 2024

With retailers removing best-before dates to reduce food waste, UK consumers still want supermarkets to offer discounts on goods nearing expiry, according to the latest data from Retail Insight , the leading provider of store operations execution software.

Markdowns 147

Markdowns Supermarket Grocer Store Operations 147

Inside Retail

APRIL 17, 2023

From essentials – at the supermarket and the petrol pump, in the mortgage and in the power bills – to the not-so-essentials, such as the local café, the fashion boutique, the travel agent and the new car dealer. Retailers ignore this heightened awareness of ‘the value of a dollar’ at their peril.

Department Stores 246

Department Stores Markdowns Boutique Supermarket 246

Inside Retail

JANUARY 31, 2022

“With this next generation of barcodes, there’s a real opportunity to connect with consumers in ways we haven’t before,” explained Richard Jones, chief marketing officer at GS1. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

Markdowns 130

Markdowns Point of Sale Inventory Management Supermarket 130