article thumbnail

Maximizing Sales with Effective Product Merchandising

CJ Retail Solutions

Beyond its impact on sales, product merchandising plays a crucial role in inventory management. By promoting specific items, retailers can efficiently manage stock levels and reduce excess inventory. This aspect of merchandising contributes to overall operational efficiency and profitability.

article thumbnail

8 Effective Ways to Increase Profit Margins in Retail

V Count

If you’re mostly targeting price-sensitive retailers, consider this strategy instead. In short, competitive pricing is when you keep prices lower than your competitors. Bundle pricing. Premium pricing. This is when you keep your prices higher without thinking of making them low.