Inside Retail

JULY 29, 2021

New Zealand has an effective grocery retailing duopoly that is not serving consumers well, according to a preliminary report from competition regulator the Commerce Commission. Consumer NZ welcomed the preliminary findings and called for legislation to curb the chains’ dominance.

Consumer 130

Consumer Supermarket Wholesale Promotions 130

Retail TouchPoints

JANUARY 3, 2023

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. As a result of inflation, fierce competition, excess inventory and changes in consumer behavior, retail profit margins shrunk.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

Retail TouchPoints

AUGUST 17, 2021

Online retailers are using AI to create intent-based promotions. Computer vision can track products that consumers remove from the shelves and place in their cart. Price Optimization is for all Retailers. Pricing optimization is a misunderstood AI technology, as it is often confused with dynamic pricing.

Checkout 306

Checkout Payment Services Customer Experience Inventory Management 306

Retail TouchPoints

OCTOBER 14, 2022

Product ownership flips: In a traditional dropship model, legal custody of product ownership transfer happens between the retailer (or operator) and the consumer. In the marketplace model it flips, with the product transfer happening between the seller and the consumer.

Fulfillment 279

Fulfillment Management Accounting Retailing Pricing 279

Inside Retail

SEPTEMBER 23, 2024

The Australian Competition and Consumer Commission’s (ACCC) allegations that Woolworths and Coles breached the Australian Consumer Law by making misleading claims about discounts come as retailers head into their most promotional period of the year and serve as a warning to the wider industry.

Supermarket 130

Supermarket Promotions Advertising Consumer 130

Wiser

AUGUST 13, 2024

Amazon Prime Day has become one of the most significant annual events in the retail calendar, particularly for the consumer electronics segment. Traditionally held in July, this two-day event offers brands an unparalleled opportunity to boost sales through deep discounts and strategic promotions.

Consumer 78

Consumer Promotions Advertising Shopping 78

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Retail TouchPoints

JANUARY 12, 2023

But there are rules and there are specific ways to get products seen by consumers. For many retailers, success selling on Amazon simply lies in following a set of best practices. Manufacturer’s Suggested Retail Pricing (MSRP) and Minimum Advertised Pricing (MAP) aren’t enforced by Amazon. Here’s what’s happening.

Fulfillment 278

Fulfillment Advertising Accounting Planning 278

Inside Retail

FEBRUARY 1, 2024

As the Lunar New Year approaches, retailers around the globe are eagerly gearing up to embrace the festive spirit and capitalise on the significant market opportunities that this joyous occasion brings. One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70.

Payment Services 130

Payment Services Consumer Marketing Promotions 130

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Retailing Pricing Promotions Shopping 130

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Retailing Pricing Promotions Shopping 130

Inside Retail

JANUARY 21, 2024

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. As the battle for market share heats up, industry experts point to the resurgence of Huawei and the patriotism-driven decision-making of some Chinese consumers to return to using domestic brands.

Marketing 130

Marketing Drop-Shipping Promotions Merchant Services 130

Wiser

AUGUST 17, 2018

BOGO is a great discount technique to use to appeal to consumers. Big companies such as TOMS and Chipotle have seen a lot of success with BOGO promotions. In a report from AMG , 66 percent of shoppers say that they like BOGO the most out of all discount promotions. Get on shoppers’ good sides with a Buy One, Get One promotion.

Advertising 112

Advertising Promotions Visual Merchandising Store Layout 112

Wiser

MARCH 17, 2020

The one we’re focusing on here is charm pricing. Charm pricing is a common strategy to get consumers to buy a product—or multiple products—with certain prices. Charm Pricing Definition. So then, what is charm pricing? They might also believe the specific price demonstrates greater value or a markdown.

Markdowns 135

Markdowns Consumer Retailing Pricing Promotions 135

Retalon

JANUARY 17, 2022

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.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Wiser

DECEMBER 12, 2022

If you work in the retail industry, you’ve likely heard of or encountered a MAP policy. Online shopping has exponentially increased the ease with which consumers can find products and compare prices between different retailers, so MAP has become a crucial aspect of product selling for many manufacturers.

Advertising 147

Advertising Retailing Pricing Promotions Shipping 147

Inside Retail

MAY 30, 2024

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. I started my career in production [at Ralph Lauren], so I know my [production] cost sheets fairly well and how retail pricing works, those costs were just like not possible.

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retalon

AUGUST 14, 2023

In today’s omnichannel retail world, traditional pricing methods are struggling to keep up. Retail pricing intelligence gives retailers a strategic edge with data-driven pricing decisions. What is Retail Pricing Intelligence and Why Does it Matter? There are treasures to be uncovered.

Retailing Pricing 41

Retailing Pricing Promotions Marketing Spend Marketing 41

Inside Retail

SEPTEMBER 19, 2022

Acoustic is a marketing and analytics software company that specialises in creating personalised, multi-channel engagement through its Acoustic Marketing Cloud service; optimising and analysing the digital experience through Tealeaf by Acoustic; and, using AI, optimising retail price and promotions through its DemandTec by Acoustic service.

Customer Experience 147

Customer Experience Customer Retention Marketing Promotions 147

Retail Focus

FEBRUARY 8, 2024

The evolution of pop-up stores took another significant turn in 2009 when the concept expanded beyond retail to encompass industries such as food and beverage, capitalising on the principles of ephemerality and exclusivity. The inherent buzz and anticipation surrounding pop-up stores further contribute to their appeal for luxury brands.

Merchant Services 147

Merchant Services Fashion Consumer Clienteling 147

Retail Gazette

NOVEMBER 22, 2023

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Former New Look boss Nigel Oddy, now CEO of American Golf, welcomed the extension: “This is a win-win for consumers, retailers, and the economy. The National Living Wage is set to increase from £10.42

Retailing Pricing 111

Retailing Pricing Promotions Consumer Shopping 111

365 Retail

AUGUST 14, 2024

From household items like tissues to lifestyle products, users can buy anything from the online store, which is changing the retail landscape. Let’s discuss what benefits e-commerce and how it’s reshaping consumer behaviour. Discounted prices on e-commerce websites stimulate consumers’ and shoppers’ interest.

Consumer 52

Consumer Shopping Accessories Retailing Pricing 52

Wiser

JULY 14, 2020

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. If that’s the case, does the pricing reflect the value? What is a Pricing Strategy? Competitor pricing.

Bundled Pricing 128

Bundled Pricing Markdowns Consumer Marketing 128

Inside Retail

MARCH 8, 2022

Consumers are not being served well by the New Zealand grocery duopoly, according to the Commerce Commission – but it stopped short of any major recommendations in the final report into the grocery market tabled this week. . Requiring grocery retailers to display unit pricing in a consistent format. Suite of recommendations.

Wholesale 130

Wholesale Supermarket Consumer Checkout 130

Retail Focus

SEPTEMBER 7, 2021

Reorganisation of workforces including adapting shift patterns, introducing training plans to promote upskilling, and recruiting ahead of demand curves can all create opportunity to quickly address labour shortages. Retailers should interrogate the accuracy of stock inventory management and review levels of errors.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Inside Retail

JULY 26, 2021

Cosmetics brand Perfect Diary kicked off this trend by launching its virtual persona Xiao Wanzi on WeChat and engaging customers through private and group chats – a beauty advisor, friend, promotional information supplier, and customer service assistant – all in real time. The ‘C’ in CRM is for ‘community’, not ‘customer’.

Social Commerce 130

Social Commerce Advertising Apparel Accounting 130

Inside Retail

NOVEMBER 14, 2023

As consumers constantly chase ‘the next best thing’ brands and retailers are realising more than ever the importance of accurately predicting demand and getting new products to market in as short a time as possible. That communications team now has direct access to the data associated with the products to craft their messages.

Marketing 130

Marketing Planning Apparel Consumer 130

Wiser

DECEMBER 3, 2019

List price is also known as Manufacturer’s Suggested Retail Price, or MSRP. A list price should cover all costs of product development and operations, and it must also generate a desirable profit for the company. What is Net Price? In most cases, few products will sell for the list price.

Promotions 97

Promotions Wholesale Accounting Retailing Pricing 97

Retail Gazette

NOVEMBER 23, 2023

More retailers have since jumped on the bandwagon, with some entrants like Boots’ No7 advent building a waiting list of up to 226,000 people back in 2019. Stylus head of beauty Lisa Payne explains that the exclusivity of bagging an advent from one of the top luxury retailers helped to drive the craze at the beginning.

Department Stores 122

Department Stores Drop-Shipping Fashion Marketing 122

Wiser

FEBRUARY 29, 2024

One crucial theme addressed during a recent Customer Panel hosted by Wiser Solutions concerned the deficit of labor resources within the retail sector. Panelists highlighted the frustration with labor scarcity in an environment where consumer demands and expectations are constantly evolving.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

365 Retail

DECEMBER 3, 2021

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. It’s a critical time for retailers, all around the world,” said Todd P. Unified merchandising as a strategic advantage.

Markdowns 52

Markdowns Promotions Retailing Pricing Accounting 52

Wiser

FEBRUARY 13, 2019

While the real winners on Valentine’s Day are the recipients of all the flowers, candy, and cards that are gifted on February 14 th , brands and retailers don’t do too poorly either. At Wiser, we were wondering what went through consumers’ heads around this holiday, so we polled more than 2,700 mystery shoppers from across the U.S.

Discount Store 74

Discount Store Department Stores Shipping Store Operations 74

Wiser

JULY 23, 2019

Price intelligence can highlight a price change from your top competitor or pinpoint a promotion they recently ran. They could then beat you on price, and that’s why shoppers have shifted to them over you. . “If Did they run price promotions? Measure Price Elasticity. Did they run a media campaign?

Apparel 76

Apparel Promotions Marketing Retailing Pricing 76

Wiser

OCTOBER 30, 2018

centric pricing strategy. MAP isn’t used in Europe, for example, and there are plenty of other strategies popular in retail. There is MSRP, recommended retail price (RRP), maximum retail price (MRP), and many more. . Price Isn’t the Only Factor . Business and Consumers Win with MAP .

Advertising 68

Advertising Retailing Pricing Consumer Promotions 68

Wiser

NOVEMBER 15, 2018

As the holiday shopping season fast approaches, the uptick in excited consumers ready to spend will create plenty of opportunities for emerging brands. . Emerging brands often have a trickier time of gaining consumer loyalty than established brands. Tracking your competitors’ prices can help with that. .

Consumer 68

Consumer Shipping Advertising Planning 68

Storis

SEPTEMBER 19, 2024

Customers are savvy researchers, and many are price-motivated. Embracing innovative solutions like digital price tags can be the game-changer you’ve been seeking to maintain dynamic retail pricing efficiently. Gone are the days of labor-intensive manual price changes that consume valuable time and resources.

Inventory Management 52

Inventory Management Promotions Management Consumer 52

Wiser

AUGUST 20, 2019

How will your chosen price affect sales and consumer sentiment? These questions can be answered by pricing professionals. “At the inception, the pricing team would say ‘we need it to be this retail price and we need to make this margin on it.’ Promotional data. Consumer insights.

Fulfillment 89

Fulfillment Marketing Consumer Advertising 89