Retail TouchPoints

DECEMBER 12, 2023

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?

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Markdowns Retailing Pricing Promotions Fulfillment 246

Inside Retail

NOVEMBER 5, 2024

The Australian Competition and Consumer Commission (ACCC) will live stream its upcoming public hearings for the supermarkets enquiry, scheduled from November 7 to 22. The public hearings will examine how retail prices relate to wholesale and farmgate prices, aiming to address the impact of these practices on consumers and suppliers alike.

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Supermarket Wholesale Retailing Pricing Promotions 264

Retail TouchPoints

JULY 15, 2021

Eddie Bauer is following the lead of other top retailers and getting into the rental business with the launch of a new program that will allow customers to rent its technical apparel and gear at “a fraction of the full retail price.”. The retailer’s rental offerings can be shipped anywhere in the contiguous U.S.

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Outdoor Apparel Shipping Retailing Pricing 293

Inside Retail

DECEMBER 16, 2024

Some Black Friday sales advertisements made by Australian businesses may have misled shoppers, the Australian Competition and Consumer Commission (ACCC) has found. “In the meantime, we are warning retailers ahead of post-Christmas sales that they must comply with Australian Consumer Law in all the claims they make.”

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Advertising Retailing Pricing Consumer ATS 246

Inside Retail

SEPTEMBER 22, 2024

Woolworths and Coles are facing charges from the Australian Competition and Consumer Commission (ACCC) for allegedly misleading customers about the discounted pricing of their products. The allegations involve 266 products at Woolworths between September 2021 and May 2023 and 245 products at Coles between February 2022 and May 2023.

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Promotions Supermarket Checkout Retailing Pricing 289

Wiser

FEBRUARY 26, 2024

Insight into these variations not only empowers brands to enforce consistent pricing policies but also assists in strategizing competitive approaches to enhance market share and consumer perception. pricing discrepancy for Skullcandy brand headphones, a $15.04 Category Focus: Headphones Wiser data found that there is a $41.32

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Retailing Pricing Consumer Advertising Marketing 78

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.

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Consumer Supermarket Wholesale Promotions 130

Inside Retail

SEPTEMBER 6, 2022

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On per cent price growth.”.

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Supermarket Retailing Pricing Apparel Department Stores 246

Retail TouchPoints

OCTOBER 24, 2024

consumers after a UK launch in September 2023. With holiday shopping ramping up, consumers will be able to access high-quality goods from Apple , Samsung , Google , Lenovo and other brands at a fraction of their original retail prices. TikTok Shop has expanded the refurbished electronics product category to U.S.

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Shopping Retailing Pricing Consumer Planning 196

Inside Retail

DECEMBER 7, 2022

According to the Reserve Bank of Australia Deputy Governor Michele Bullock, the retail price of electricity and gas has increased by 10 to 15 per cent since the middle of the year. So, what are the implications of rising costs – in particular, rising energy costs – for retailers and consumers?

Consumer 130

Consumer Accounting Retailing Pricing Shopping 130

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).

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Supermarket Checkout Wholesale Consumer 243

Inside Retail

JUNE 18, 2024

Consumer confidence is down, but retail rents are on the rise, and by June 30, it’s tipped that over 10,000 retail companies will enter external administration. KPMG’s latest Retail Health Index suggests that nominal growth is practically non-existent and industry insolvency numbers are higher than pre-pandemic levels.

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Consumer Boutique Customer Experience Fashion 279

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.

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Consumer Beauty and Health Fashion Accounting 130

Retail TouchPoints

APRIL 25, 2022

Conscious consumption is on the rise and two big names in retail have launched new programs to tap into the consumer appetite to shop sustainably. Items are available at up 60% off retail prices. eBay UK Features ‘Imperfect’ Products from North Face, Puma and More. ”

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Fashion Apparel Supply Chain Management Consumer 247

Retail TouchPoints

OCTOBER 21, 2021

“We could see how Pinterest could enhance engagement between consumers and merchants with PayPal being a central facilitator in the commerce journey, thereby feeding into the company’s vision of being a super app.”. Social Commerce Adds Synergies, but PayPal Must Integrate Them Correctly. for $4 billion in November 2019.

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Merchant Services Payment Services Social Commerce Consumer 234

Retail TouchPoints

NOVEMBER 10, 2021

Consumers can directly search the Borrow collection or discover items available for rental browsing the website. When daily rental fees add up to the retail price, the customer will own the item with no penalty. “As Those available for rental in the selected size and color will display a “Borrow” button.

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Fashion Clienteling Shipping Retailing Pricing 216

Inside Retail

JUNE 19, 2022

Retailers face challenges of consumers shifting toward value purchases, squeezed margins and rising business costs. He expects retail sales by volume will increase by an average of only 1.1 per cent for retail price growth. . The March quarter saw retail prices up by 3.2

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Outdoor Retailing Pricing Returns Apparel 246

Retail TouchPoints

JUNE 3, 2024

As consumers become increasingly proactive and sophisticated when it comes to their health, they are more interested in purchasing wearable technology than ever before. Brands and consumers alike can create change by investing in textiles that offer inherent physiological benefits. However, monitoring only goes so far.

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Consumer Apparel Fashion Accessories 224

Inside Retail

SEPTEMBER 9, 2021

While Aldi isn’t the only retailer to use this form of limited-time offer, and certainly not the first, its Special Buys have become synonymous with the brand and a huge hit among consumers. In some cases, they are so popular that consumers literally fight for them. The part about discounted prices is obvious.

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Consumer Supermarket Retailing Pricing Returns 259

Retail TouchPoints

AUGUST 17, 2021

Computer vision can track products that consumers remove from the shelves and place in their cart. When connected to a payment device such as a credit card, this can enable consumers to load merchandise directly into shopping bags in their cart, and bring it out to their car without waiting in line.

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Checkout Payment Services Customer Experience Inventory Management 300

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. However, as competition heats up, it’s not just about slashing prices. Key Trends and Insights from Prime Day 2024 in Consumer Electronics 1.

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Consumer Promotions Advertising Shopping 78

Inside Retail

JULY 13, 2023

What we’ve seen since this handover is a period of exponential growth across our direct-to-consumer (DTC) channels, as well as with our wholesale distribution. It’s an opportunity to echo our brand voice, really connect with Reebok consumers, and highlight the best of our product range across all our categories.

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Planning Wholesale Shipping Location 246

Wiser

SEPTEMBER 10, 2019

Pricing information is readily available for consumers at any time of day. Whether they’re looking online or in-store, they can find real-time prices in the blink of an eye. To put this in perspective, 96 percent of Wiser survey participants stated that they plan on comparing prices before making purchase decisions.

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Consumer Shopping Advertising Retailing Pricing 88

Inside Retail

MAY 12, 2021

With exciting overseas holidays and drinking and dining off the cards in the past year, some consumers are now indulging in other ways and spending their money on discretionary categories such as fine jewellery, which has seen a rise in sales during Covid. told Inside Retail. The company saw a 29 per cent increase year on year to €714.3

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Fast Fashion Fashion Payment Services Consumer 234

Inside Retail

JUNE 20, 2021

It has taken online resale marketplace Retykle a long time to slowly shift Chinese consumers’ superstitious beliefs that buying secondhand clothing is bad luck, according to founder Sarah Garner. “We In our case], it was like converting one consumer at a time.”. The aspirational resale consumer. The conscious consumers.

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Consumer Marketing Accounting Retailing Pricing 182

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.

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Fulfillment Management Accounting Retailing Pricing 259

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.

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Merchant Services Payment Services Accounting Checkout 281

Retail TouchPoints

SEPTEMBER 29, 2022

The program will be piloted with a randomly selected group of customers, who can now shop the new Preloved section on the Athleta website for gently used products at up to 90% off the original retail price. Off-Price Online with Simon and Rue Gilt Groupe.

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Accessories Apparel Shopping Retailing Pricing 219

Retail Focus

JUNE 29, 2022

Founded in 2016 by serial entrepreneur Marcia Kilgore , Beauty Pie was created as a one-stop destination for luxury beauty products at ‘warehouse prices ‘ The D2C brand claims it does not charge consumers for the ‘middleman’ or retailer mark-ups.

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Accounting Retailing Pricing Consumer ATS 182

Wiser

JANUARY 8, 2024

Retail price checks, an essential aspect of retail, involve monitoring and updating the prices of goods within a store. In the pursuit of competitive pricing and high customer satisfaction, these checks must be accurate, efficient, and consistent across all locations.

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Retailing Pricing Customer Experience Marketing Location 141

Retail TouchPoints

JULY 29, 2020

Increasingly, consumers want to browse and buy with the ease of click, or find products faster using in-store location technologies. Similarly, the pop-up retail store concept is evolving fast, as brands and retailers look to strengthen emotional connections with consumers and drive longer-lasting relationships.

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Payment Services Fulfillment Location Consumer 177

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.

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Supermarket Promotions Advertising Consumer 130

Inside Retail

MARCH 10, 2022

And while some analysts worried that Myer could be impacted by a potential rising inflation, King said that inflation isn’t particularly relevant to the business: 90 per cent of its sales are made at recommended retail prices, so it has a lot of room to move to keep prices fair to consumers and profitable for itself.

Payment Services 246

Payment Services Net Profit Department Stores Planning 246

Retail Wire

AUGUST 31, 2023

France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.

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Supermarket Finance Retailing Pricing Consumer 113

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.

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Retailing Pricing Markdowns Promotions Accounting 41

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.

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Fulfillment Advertising Accounting Planning 244

Intelligence Node

OCTOBER 5, 2023

Introduction to Retail Pricing In a modern retail arena, data-driven dynamic pricing is the backbone of any strong, profitable sales strategy. It’s the number that consumers look at when determining. The post How to Localize Your Pricing: Tips to Implement Zip Code Level Pricing appeared first on Blog.

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Retailing Pricing Consumer ATS 104