Inside Retail

SEPTEMBER 26, 2024

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

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CJ Retail Solutions

JULY 21, 2024

By strategically positioning gondola shelves, retailers can create aisles and sections that highlight specific product categories or promotions, making it easier for customers to navigate the store and find what they are looking for. For example, retailers may use pricing tactics such as charm pricing (e.g.,

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Visual Merchandising Promotions Bundled Pricing Beauty and Health 52

Wiser

JULY 14, 2020

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. If that’s the case, does the pricing reflect the value? What is a Pricing Strategy? Competitor pricing.

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Wiser

NOVEMBER 12, 2019

Product bundling is when two or more items are packaged together for sale at a lower price than the items sold individually. How Does Product Bundling Work? Product bundles are valuable for both retailers and consumers. Looking at shoppers first, bundling is a plus because of the perception of value.

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Retalon

MARCH 9, 2021

Setting initial pricing high may discourage customers or may create the impression of premium quality. Low prices, while more accessible, could permanently mark the product as a commodity. Pricing determines your long-term profitability. Low prices leave little room for promotions or end-of-lifecycle markdowns.

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CJ Retail Solutions

AUGUST 8, 2024

Product merchandising is a critical component of retail operations, focusing on the strategic presentation and promotion of goods to stimulate customer interest and drive sales. By promoting specific items, retailers can efficiently manage stock levels and reduce excess inventory.

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Retalon

APRIL 14, 2021

And cutting prices is the only way to clear this leftover inventory at the end of a season or of a product’s lifecycle. Although markdowns can have a similar sales uplift to a promotion, the purpose and approach of these two pricing events are very different. Use alternative pricing strategies in your markdowns.

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