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

Retail TouchPoints

AI-powered data solutions specifically related to pricing optimization, inventory management and advanced demand forecasting for major retailers. Barach guides development and customer deployment of antuit.ai

Markdowns 278
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Explainer: Why Is France Struggling To Lower Supermarket Prices?

Retail Wire

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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The Step-Up in Ecommerce Sneaker Fraud

Retail TouchPoints

With top companies releasing limited “drops” of desired products, limited-edition sneakers can sell for hundreds or thousands of dollars over their original retail price. Heeling and Dealing The sneaker resale market is a lucrative industry.

Jewelry 286
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A cost-of-living crisis is brewing in Asia. Here’s what it means for retail

Inside Retail

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. Thailand keeps the lid on. billion (US$1.6

Wholesale 130
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15 Best Apps for a Business Selling Clothes

Small Biz Trends

What makes Rebag one of the more interesting selling apps of designer brands is Clair, their artificial intelligence software that gives you a price estimate based on the photo scan provided through the app. There’s Also Fashionpile Store Credit.

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What’s old is new again: The rise of rental

Inside Retail

And in most cases, you end up paying more than the retail price for an item by the end of your term. IR: What are your plans for Breeze in 2022? IR: Something Borrowed recently received $1.5 million in series A funding. What are your plans for that investment?

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These Were the Top Retail Stories of 2022

VMS

In September, still struggling to find the key to survival, the retailer announced more than $500 million in new financing. or two Covid-dominated years, a lack of dockworkers left ships unloaded and retail warehouses empty. Retail prices have inflated and consumer demand has softened. The problem?