Retail TouchPoints

OCTOBER 16, 2023

Despite a positive job market and a stabilized economic environment, most consumers ( 96% ) are looking to save money in the short term, according to a recent study from PwC. But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success.

Markdowns 299

Markdowns Promotions Merchant Services Marketing 299

Retail TouchPoints

SEPTEMBER 1, 2022

Desire Company CEO Eric Sheinkop discussed the survey results with Retail TouchPoints : Retail TouchPoints (RTP): What’s the significance of the fact that so many consumers doubt influencers even use the products they’re recommending? It’s mental exhaustion for consumers and also a lot of money wasted by marketers.

Consumer 311

Consumer Promotions Returns Marketing 311

Inside Retail

JULY 3, 2024

Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. “While the sales boost is a positive indicator for consumer sentiment, it doesn’t change the desperate landscape retail business owners are currently facing.” per cent.

Promotions 275

Promotions Department Stores Accessories Consumer 275

Retail TouchPoints

FEBRUARY 25, 2022

Gift cards remain a popular purchase among consumers, but they also provide openings for scammers and criminals. In conjunction with the upcoming National Consumer Protection Week, the Retail Gift Card Association (RGCA) is promoting a public service announcement to inform consumers about steps toward secure use.

Promotions 225

Promotions Consumer Payment Services Shopping 225

Retail TouchPoints

NOVEMBER 26, 2024

There are many reasons why consumers choose the products they buy and the brands they buy them from. However, according to the latest research from Marigold’s recently published Relationship Marketing Trends: Brand Rankings Report , there are things consumers look for beyond price that drive purchase decisions. That’s called loyalty.

Consumer 255

Consumer Customer Experience Marketing Promotions 255

Retail Focus

DECEMBER 21, 2023

Top 5 areas where AI delivers the most value to UK consumers:- 1 – Pricing and promotions – 28% 2 – Loyalty – real-time personalised rewards – 18% 3 – Product discovery when searching online – 17% – Product information (i.e.

Promotions 162

Promotions Consumer Customer Experience Shopping 162

Retail TouchPoints

OCTOBER 16, 2024

This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. Benefits of AI Pricing for Retailers and Consumers For retailers, AI-driven strategies provide several benefits.

Consumer 261

Consumer Retailing Pricing Inventory Management Promotions 261

Retail TouchPoints

FEBRUARY 8, 2022

The new year is kicking off with plenty of challenges for consumers, retailers and CPG brands alike — and it seems we’ll start another year under a cloud of uncertainty. The best way to demonstrate that performance edge for CPG brands is with a successful strategic approach to promotions. Data Fills in the Gaps for Small Brands.

Promotions 249

Promotions Marketing Consumer Planning 249

Retail Focus

JULY 17, 2024

While discount codes top UK consumers preferred promotions, offers that are personalised and tailored to a specific product a consumer has viewed are almost twice as likely to prompt a sale compared to general ‘range-wide’ discounts, according to the latest data from Wunderkind , based on a survey of over 1,500 shoppers.

Promotions 147

Promotions Consumer Marketing Management 147

Inside Retail

MAY 2, 2024

Australia’s leading supermarkets, Coles and Woolworths, delivered their third-quarter results to shareholders this week along with new consumer insights. Both retailers reported that the current economic environment has challenged consumers’ discretionary spending and that households have evolved their buying habits to seek out value.

Consumer 255

Consumer Shopping Supermarket Promotions 255

Inside Retail

NOVEMBER 25, 2024

Although there were early signs that the economy is starting to improve, these were not enough to encourage consumers to spend more during the quarter, Young continued. The next few weeks are critical for retailers with key sales periods, including the Black Friday sales and Christmas promotions.

Consumer 130

Consumer Supermarket Promotions 130

Retail TouchPoints

AUGUST 8, 2022

There’s no question that strategic promotions and discounts motivate consumers to buy a product. But which promotions should you use to attract subscribers? But which promotions should you use to attract subscribers? There are three main types of promotional offerings.

Promotions 225

Promotions Merchant Services Shipping Consumer 225

Inside Retail

SEPTEMBER 24, 2024

It is vital we give consumers the absolute best experience possible whether it is online or at retail, and we will continue to learn how best to deploy DTC across the region accordingly. PF: At Mattel, we have a deep-rooted legacy in Asia Pacific, and we view our consumers as dedicated fans.

Consumer 277

Consumer Planning Promotions Marketing 277

Retail TouchPoints

DECEMBER 3, 2021

A unique opportunity: promotions. Yet according to POI , 69% of retailers believe the time required to create a promotional plan is “highly burdensome.”. The act of coordinating a promotion is not a siloed project. So how can retailers make the right pricing and promotion decisions to truly boost profits without wasting time?

Promotions 236

Promotions Planning Advertising Customer Experience 236

365 Retail

JULY 22, 2024

Data and promotions are central to the success of retail operations, as highlighted in the “Retail Resilience” report. By effectively utilising data and strategic promotions, retailers can significantly improve their decision-making processes and drive consumer engagement. About 87.4%

Promotions 104

Promotions Consumer Management Shopping 104

Retail TouchPoints

APRIL 26, 2024

In today’s market landscape, ethical, political and environmental considerations increasingly sway consumer purchasing decisions, particularly when it comes to packaging. From exaggerated health claims to misleading descriptions of ingredients, deceptive labeling erodes consumer trust and undermines brand credibility.

Consumer 157

Consumer Accounting Promotions Shipping 157

Inside Retail

NOVEMBER 15, 2023

Steve Higginson, GM for operations, Coles, said the initiative reflects the company’s ongoing efforts to assist customers in purchasing and consuming alcohol responsibly. ” The post Coles Liquor teams up with DrinkWise to promote responsible drinking appeared first on Inside Retail Australia.

Promotions 246

Promotions Management Consumer Marketing 246

Wiser

JUNE 20, 2023

Promotions are a key component of any successful business strategy. Whether you’re launching a new product, trying to gain more customers, or simply looking to increase brand recognition and loyalty, effective promotions can help you reach your goals. Every brand and retailer is coming out with new promotions all of the time.

Promotions 148

Promotions Advertising Planning Marketing 148

Wiser

OCTOBER 3, 2023

Effectively monitoring and executing promotional strategies is critical to your bottom line. Understanding how your promotions perform in real time can provide a wealth of insights, allowing you to optimize your strategies and gain a competitive edge.

Promotions 144

Promotions Marketing Planning Returns 144

Retail TouchPoints

SEPTEMBER 19, 2023

“The consumer’s going to be very selective, they’ve got a lot of choices; [the season is] going to be promotional, but consumers are [financially] healthy right now and they’re spending. [An It’s not a blowout number, but it’s in line with lower inflation, and the consumer will be spending.”

Consumer 218

Consumer Promotions Marketing Shopping 218

Retail TouchPoints

OCTOBER 14, 2021

Under Armour has named Massimo Baratto to the newly created role of EVP, Chief Consumer Officer, to oversee all aspects of Under Armour’s consumer strategy across global marketing, ecommerce and retail.

Consumer 205

Consumer Promotions Customer Experience Management 205

Inside Retail

NOVEMBER 21, 2023

Consumers may be paying more for synthetic or lab-made diamonds that are less valuable than they seem, according to the latest research from Rapaport. Rapaport added that consumers must be careful when buying synthetic diamonds as jewellers promote the sale of synthetic diamonds because it allows them to make “windfall profits”.

Consumer 258

Consumer Promotions Marketing ATS 258

Retail TouchPoints

JULY 3, 2024

Two brands known for their commitment to sustainability, Grove Collaborative and Blueland , are marking Plastic-Free July with new tools and a fun consumer campaign, respectively.

Promotions 226

Promotions Consumer Shopping Customer Experience 226

Inside Retail

JULY 30, 2024

per cent, driven by increased promotional activity, investments in store partner wages and benefits, and deleverage. CEO Laxman Narasimhan said the ongoing three-part action plan partially offset the headwinds brought about by the cautious consumer environment. GAAP operating margin contracted 60 basis points to 16.7

Consumer 147

Consumer Promotions Planning 147

Wiser

AUGUST 21, 2023

No matter how revolutionary your product or service may be, it’s the promotion strategy that can make or break its journey in the market. The product promotion process can seem daunting, of course. This can be accomplished through various means such as promotional offers, targeted advertising, and strategic partnerships.

Promotions 146

Promotions Advertising Consumer Marketing 146

Retail Dive

OCTOBER 28, 2024

While some people started shopping during October’s promotions most consumers plan to start next month, according to research by Bain & Compnay.

Planning 127

Planning Consumer Shopping Promotions 127

Retail TouchPoints

JANUARY 13, 2023

In general, consumer spending on goods has proven weaker as more Americans are spending available funds on services, travel and activities that were limited during the pandemic ,” said Lisa Plonka, Partner and leader of Plante Moran ’s Consumer Goods Practice. By comparison, electronics saw a 1.4X Sporting Goods : 10% vs. 6%.

Promotions 225

Promotions Sporting Goods Jewelry Inventory Management 225

Retail TouchPoints

DECEMBER 12, 2023

Ebay is promoting its new handbag consignment service, which debuted in September , with a “Luxe Line” mobile consignment concierge that will be making stops in LA and Las Vegas from Dec.

Promotions 214

Promotions Fashion Consumer Shopping 214

Retail TouchPoints

MAY 16, 2024

Personalization is the cornerstone for providing excellent consumer experiences in healthcare (and many other forms of retail). Bespoke statement designs and calls to action also promote faster payments. Patient Surveys: Retailers always want to know what their consumers are thinking, so surveys are absolutely essential.

Payment Services 208

Payment Services Promotions Consumer Finance 208

Retail Wire

AUGUST 11, 2024

Last month, Taco Bell revealed plans and general details about their new promotion, "The Cantinas."

Consumer 260

Consumer Promotions Planning 260

Retail TouchPoints

NOVEMBER 13, 2023

However, consumers are still spending, the labor market remains tight, and the Adobe Digital Price Index recently posted an overall 40-month low, an encouraging sign for online shoppers: Adobe reported that online prices fell for 11 out of 18 tracked product categories on an annual basis. But there are possible headwinds on the horizon.

Consumer 283

Consumer Merchant Services Sporting Goods Promotions 283

Retail TouchPoints

AUGUST 26, 2022

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. Garratt’s promotion follows a strong Q2 2022 performance for the retailer, with same-store sales up 4.6% Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

Promotions 220

Promotions Finance Accounting Management 220

Retail TouchPoints

APRIL 5, 2022

More than 25% of consumers report that they’ll exceed last year’s Easter or Passover grocery spending. Retailers should increase merchandising to promote fresh ideas to a weary public. While consumers are planning on more quality time spent with extended family, 26% expect to pay more for gatherings this spring holiday season.

Consumer 228

Consumer Promotions Planning Returns 228

365 Retail

AUGUST 21, 2024

If you’re like most retailers today, you’re in a rut when it comes to promotions. You tend to fall back on what you’ve done before, running the same promotions on the same items year after year. Refine Your Promotion Target Tightening the focus of your promotions to reach your target customers will yield better results.

Promotions 97

Promotions Planning Consumer Location 97

Retail Focus

JANUARY 12, 2024

Deals are what we all look out for as consumers. Businesses recognize this, as perhaps more importantly, they have understood the psychology behind the promotional offers they can make and the impact they can have on the consumer. Although most will view deals as a means of saving money, there is so much more to them.

Promotions 130

Promotions Consumer Marketing Shopping 130

Retail TouchPoints

APRIL 30, 2021

Additionally, PDI will enable retailers to extend personalized fuel pricing offers in real time to consumers who are on-site or driving nearby, as well as promote in-store products. “By PDI also plans to enhance the GasBuddy Business Pages that are used by c-store retailers for listing services and reputation management.

Promotions 273

Promotions Planning Consumer Management 273

Retail TouchPoints

MARCH 3, 2023

To top that off, differentiation approaches in retail that have been around for ages, such as unique inventory or strategic pricing and promotions, can now be easily imitated. Consumers now look for personalization throughout their interactions with a retailer at multiple touch points. Value added services have their own charm.

Consumer 217

Consumer Customer Experience Fulfillment Employee Engagement 217