Wiser

AUGUST 22, 2022

Some to help you draw in shoppers quickly, and others that can help establish your products in the market. Competitive Pricing. Competitive pricing is, as it sounds, based on your competition. This will largely determine the products’ starting price regardless of things like product costs or consumer demand.

Bundled Pricing 143

Bundled Pricing Marketing Consumer ATS 143

Wiser

NOVEMBER 12, 2019

As stated above, consumers love saving money and getting more bang for their buck, so bundling is an excellent incentive to buy more—thus driving up sales for the retailer. It’s also a good strategy to improve customer loyalty, as bundles can be viewed as perks or rewards. One bundle could be the phone plus earbuds.

Bundled Pricing 98

Bundled Pricing Checkout Consumer Point of Sale 98

V Count

OCTOBER 5, 2022

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. Be smart on your pricing strategy. Is there room to increase prices without pricing yourself out of the market? This is where you initially charge lower prices than your competitors.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

APRIL 14, 2021

A retail markdown strategy is a plan that describes when and how certain products should go on markdown. And since most markdowns are not planned for in advance (or at least accounted for in the pre-season planning stages), they frequently drain profits considerably more than they have to. Plan your markdown timing in advance.

Markdowns 41

Markdowns Dead-Stock Promotions Planning 41