Retail Focus
FEBRUARY 4, 2025
Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail.
Inside Retail
SEPTEMBER 22, 2024
“We remain committed to offering many ways for customers to save at the checkout, including thousands of weekly specials, everyday low prices on household essentials, a great value own brand range and through our Everyday Rewards program,” said Amanda Bardwell, Woolworths Group CEO.
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Inside Retail
JANUARY 24, 2024
The pricing practices of Australia’s supermarket near-duopoly are about to the the focus of a year-long enquiry by the government’s competition regulator, the Australian Competition and Consumer Commission (ACCC). The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008.
Retail TouchPoints
AUGUST 17, 2021
AI helps grocery managers optimize staff, advising on how many employees and checkout lanes are required. It can also increase self-checkout, reducing the number of employees required to keep the store running effectively. Price Optimization is for all Retailers. For shoppers, AI helps improve the customer experience.
Retail TouchPoints
JANUARY 3, 2023
ATO attacks cost retailers millions of dollars each year. Web and API Scraping Web and API scraping are often used by competitors to undercut retailers’ pricing and promotions. Fake accounts are often aged so they appear legitimate and circumvent validations during checkout. Some of the key strategies include: 1.
Retail TouchPoints
JULY 29, 2020
For example, sustainable ‘rental fashion’ is one phenomenon taking over the industry as Millennial and Gen Z consumers, who value access over ownership, buy into the concept of hiring clothing at a fraction of the retail price.
Inside Retail
NOVEMBER 1, 2022
At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation.
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