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TikTok Shop Expands Refurbished Electronics Business to the U.S.

Retail TouchPoints

TikTok Shop plans to expand its refurbished electronics assortment over the coming months to also include earphones, headphones, smart watches and more. 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.

Shopping 259
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Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins

Inside Retail

Andy Yang, a student in Beijing, recently went to Hailao Huoguo with friends and planned to switch from Haidilao in the long run. “I’m graduating next year but I still don’t have any good job offers. For me, the cheaper the better,” he said.

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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. Many retailers used to approach promotions in a standardized, blanketed way, but with AI, they can now zero in on what Gartner calls the customer’s “biting point.”

Markdowns 278
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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

Many retailers are worried that they don’t have all the data at their fingertips, like product data, customer data, transactional data, when items sold, on what device and more. Begin with what you have and build a plan to fill in the gaps. Everyone starts somewhere, and it’s OK wherever you are at in your data journey.

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Reebok Pacific GM talks new Chadstone store and growth plans down under

Inside Retail

Then, as part of our longer-term plan, we will look to expand to other locations. The plan is to support the concepts with outlets in similar areas. IR: Are you also able to discuss how Reebok is planning to combat intense cost-of-living pressures at the moment? AS: We’re absolutely seeing signs of it, as everyone is.

Planning 246
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Loblaws Pilots 3 Limited-Assortment ‘No Name’ Stores, Promises Significant Discounts

Retail TouchPoints

“Our commitment to customers is that products at the no name store will be up to 20% less than the regular retail price on a comparable product at any of the four main discount grocers in that local area,” said Melanie Singh, President of Loblaw’s Hard Discount Division in a statement.

Grocer 272
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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.