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Retail Roulette – Why Black Friday and Cyber Monday discounts are a complete gamble for retailers and consumers alike

Retail Focus

Now, securing sought after products at the best price is becoming increasingly chaotic for consumers, with prices fluctuating during a number of weeks across the Golden Quarter. Forget deal or no deal, it’s more like deal or disappointment for consumers, leaving much to be desired in terms of results for retailers.

Consumer 262
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Retail Pricing is a Science – Not an Art

Retail TouchPoints

For example, product creators may think that consumers want genuine leather, which comes at a premium, but testing may show that their target consumers would be equally or more satisfied with a vegan leather product at a lower price point. Field leads operational execution, people and customer partnerships at MakerSights.

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TikTok Shop Expands Refurbished Electronics Business to the U.S.

Retail TouchPoints

With holiday shopping ramping up, consumers will be able to access high-quality goods from Apple , Samsung , Google , Lenovo and other brands at a fraction of their original retail prices.

Shopping 259
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Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins

Inside Retail

Falling income growth is normalising lower consumption in China, with some industries experiencing declining revenue, as “companies are lowering prices to maintain their market share and avoid being squeezed out,” said Wang Dan, a Shanghai-based economist at Hang Seng Bank. at the flagship chain.

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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more. Everyone starts somewhere, and it’s OK wherever you are at in your data journey. I don’t have all the data I know I should have, is that OK?

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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 278
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US toy brand KidKraft quits Australian warehouses with $1 ‘Fire Sale Auction’

Inside Retail

The auction, managed by Lloyds, will include premium toys and furniture worth more than $800,000, with each item starting at $1. This is a one-off opportunity for Australians to grab KidKrafts beloved products at prices youd never see in stores, said Lee Hames, COO of Lloyds Auctions.