Remove Consumer Remove Markdowns Remove Retailing Pricing
article thumbnail

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

Retail TouchPoints

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns 262
article thumbnail

Retail Pricing is a Science – Not an Art

Retail TouchPoints

With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand. Today, most pricing decisions are based on intuition, competitive benchmarking and/or past sales. The Four Pricing Pillars Brands Must Consider.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Advanced Retail Pricing Strategy: Unifying PPMO (2022)

Retalon

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

article thumbnail

How Halara uses machine learning to make just the right amount of activewear

Inside Retail

Having launched as a strictly direct-to-consumer brand, Halara is switching things up and will be hosting its first-ever pop-up shop at 470 Broadway in New York City. As Hirata remarked, “Often you can’t, that’s why brands do markdowns like discounts or sample sales, or even why inventory sometimes goes straight to the landfill.”

Markdowns 130
article thumbnail

2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Five Key Automated Threats Impacting Retailers’ Bottom Line.

article thumbnail

DemandTec Unveils Unify, the Industry’s First Autonomous Unified Merchandising Platform, to Level the Retail Playing Field

365 Retail

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. The result is their ability to better compete and win in the fast-moving world of modern retail.”. Merchandising today is tough.

article thumbnail

How made-on-demand manufacturing is transforming the fashion industry

Inside Retail

This is known as pre-consumer waste and includes scraps, offcuts, and rejected garments that are discarded during the production stage. Meanwhile, sustainable fashion business models like resale, rental and repair only unravel the post-consumer garment waste problems. There’s no rush for them to always get rid of any markdowns.

Fashion 130