Retail TouchPoints

OCTOBER 22, 2020

Retailers and their shoppers are whiplashed accordingly. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

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Promotions Markdowns Returns Shopping 270

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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Inside Retail

MAY 30, 2024

Through a combination of advanced predictive analytics to precisely tailor its product offerings and a successful leveraging of its social media community, the company has carved out a small but steadily growing niche in the highly competitive athleisure market. In fact, that’s a large part of what drew Hirata to the brand.

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Retail TouchPoints

OCTOBER 22, 2020

Retailers and their shoppers are whiplashed accordingly. This poses unprecedented uncertainties for retail pricing and merchandising teams for the holidays in 2020. Here are some of the issues facing retailers — and ways that they can harness AI-powered pricing and promotions to cope with them productively.

Promotions 130

Promotions Markdowns Returns Shopping 130

Wiser

JULY 14, 2020

In reality, a pricing strategy needs to be baked into the entire process. You can’t create a product without understanding where it fits into the market. If that’s the case, does the pricing reflect the value? Internally, the factors that should influence the pricing strategy you choose include: Revenue targets.

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Bundled Pricing Markdowns Consumer Marketing 128

Inside Retail

DECEMBER 19, 2023

There’s no rush for them to always get rid of any markdowns. The cost of manufacturing is more expensive, but your retail price can be maintained well because you don’t have to discount it and you have lower costs operating. The retailer doesn’t sit on stock,” added Dean. “The It’s also a lot less wastage.”

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Fashion Markdowns Apparel Fast Fashion 130

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. Successful retailers today require a complete view of the shopper across channels, powered by advanced AI and ML to win in the market.” .

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Markdowns Promotions Retailing Pricing Accounting 52

365 Retail

JUNE 3, 2021

Throw in the whiplash effects of the global pandemic – intensely price-sensitive shoppers, disrupted supply chains, an unprecedented shift to online channels – and retailers are faced with a stark reality: nothing they could historically rely on as a foundation for pricing, promotion and markdown decision-making is still standing.

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Mass Relators

AUGUST 16, 2023

Second-quarter gross margin rate was 27%, up from 21.5 % in 2022, a trend the company attributed to retail prices increases, fewer markdowns, and lower supply-chain and digital fulfillment costs. The post Target earnings top expectations appeared first on MMR: Mass Market Retailers. a year earlier.

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Markdowns Fulfillment Retailing Pricing Returns 52

Retalon

OCTOBER 24, 2023

As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.

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Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

As such, retailers can’t afford to risk losing sales because they ran out of stock. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retalon

MARCH 9, 2021

Ten new product pricing strategies that work. Introducing new products creates an exciting opportunity to attract new customers and reinforce your presence in the market. At the same time, defining your new product pricing strategy is exciting for a very different reason. Why is new product pricing so challenging?

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Bundled Pricing Promotions Markdowns Advertising 41

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. More recently, the debate has centered on mega-stores in the online arena like Amazon, and the impact they have on physical retailers. Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies.

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Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

– Ease and efficiency of taking products to market. More recently, the debate has centered on mega-stores in the online arena like Amazon, and the impact they have on physical retailers. Over the last couple of decades, the challenges facing retailers have changed significantly, causing brands to rethink traditional strategies.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32