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

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 278
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How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail. This reduces overstocking and the need for massive markdowns.

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Best Practices for Selling on Amazon You May Be Missing

Retail TouchPoints

Your business needs a plan to sell on Amazon — not having a plan is a very bad plan! Formulate your strategy after researching which platform options you want to leverage, what your competitors are doing on the channel, determine your optimal price point and how you plan to fulfill orders.

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The Dropship Dilemma: Why and How Retailers Need to Evolve Dropship Strategies

Retail TouchPoints

Established retailers exploring how a marketplace model would best fit into their business strategy have a common question — what’s the difference between dropship and marketplace fulfillment that utilizes third-party sellers, and how can it benefit their business? The answer is, quite a lot.

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How online supermarket Send can fulfil bold promise of 15-minute delivery

Inside Retail

It is also planning to work closely with local vendors and provodores to access fresh produce. That being said, SEND makes it so that it is no longer necessary to plan ahead for a weekly shop. You just buy what you need when it comes to mind, removing the element of planning ahead,” he said. 15-minute delivery . “You

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How customer loyalty helped Myer bounce back

Inside Retail

By midday on Thursday, the business’ stock price had jumped 20 per cent, as shareholders welcomed the turnaround the business has made in the past four years since King took over and initiated the ‘Customer First’ business plan. Loyalty is king.

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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

Retail TouchPoints (RTP): What implications do the five emerging customer segments have for retailers as they plan for a post-pandemic future? They’re looking for the best deal and are probably going to use the web to do price shopping. That would be a service price-sensitive consumers couldn’t get anywhere else.

Consumer 279