Retail TouchPoints

FEBRUARY 2, 2022

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). This is your starting point and your job is to build up and improve it.

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Retailing Pricing Markdowns Accounting Outdoor 246

Retail TouchPoints

SEPTEMBER 23, 2024

Navigating holiday retail pricing strategies during times of economic uncertainty requires a delicate balance between reacting to market conditions and maintaining profitability. Fine-Tune Competitive and Promotion Strategies Retailers need to first identify key categories or regions that drive traffic, build baskets and boost profits.

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Promotions Markdowns Planning Retailing Pricing 147

Retail Focus

FEBRUARY 4, 2025

This helps retailers optimise inventory levels, staffing, and promotions for smoother operations and waste reduction. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management.

Inventory Management 162

Inventory Management Markdowns Checkout Customer Experience 162

Retail TouchPoints

MARCH 26, 2025

We are a mass retailer with 9,000 locations that are serving small communities. Taking into account CVS store footprint, SKU roster, regular pricing and promotional pricing, the company can create up to 900 million different combinations of assortment and price across its stores.

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Beauty and Health Sporting Goods Location Merchandise Store 216

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 130

Retail TouchPoints

OCTOBER 11, 2021

AI-Based Pricing Brings Surgical Focus to Help Retailers Successfully Navigate Unprecedented Markets. Increasingly, innovative retailers worldwide are embracing advanced price and promotion intelligence in order to craft prices and offers that reflect real-time demand signals, competitor activities and shopper price sensitivities.

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Markdowns Promotions Retailing Pricing Marketing 263

Retail Focus

JUNE 3, 2021

It’s not surprising, then, that shopper responsiveness to digital promotional offers has increased, with 55% saying they are extremely or very likely to respond to a smartphone or mobile app offer v. Let’s look at three ways that data science can help retailers thrive in a highly competitive multi-channel environment.

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Markdowns Promotions Shopping Planning 200

Retail TouchPoints

JANUARY 3, 2023

ATO attacks cost retailers millions of dollars each year. Web and API Scraping Web and API scraping are often used by competitors to undercut retailers’ pricing and promotions. Fake Account Creation Bots can create fake accounts at scale which are then used to abuse retail promotions.

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Merchant Services Payment Services Accounting Checkout 306

Retail TouchPoints

OCTOBER 14, 2022

Sellers are onboarded on a commission basis and the seller is responsible for determining product pricing and availability as it appears in the marketplace on the retailer’s website. ERP efficiencies: With dropship, a retailer’s Enterprise Resource Planning (ERP) solution has to be made aware of seller products, inventory and sales.

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Fulfillment Management Accounting Promotions 279

Retail TouchPoints

AUGUST 17, 2021

Online retailers are using AI to create intent-based promotions. Price Optimization is for all Retailers. Pricing optimization is a misunderstood AI technology, as it is often confused with dynamic pricing. It personalizes the shopping experience so that each shopper feels special.

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Checkout Payment Services Customer Experience Inventory Management 306

Retail TouchPoints

JANUARY 12, 2023

Manufacturer’s Suggested Retail Pricing (MSRP) and Minimum Advertised Pricing (MAP) aren’t enforced by Amazon. It’s up to the brand or its agency to manage what your pricing policies will be and how you prevent being undercut by resellers on Amazon. Get as aggressive on promotions as possible.

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Fulfillment Advertising Accounting Planning 278

Wiser

NOVEMBER 16, 2023

One of its standout features is its capacity to provide competitive pricing and promotions intelligence. Competitive pricing is a crucial element for anyone in retail. With DSI, brands gain near real-time visibility into competitor pricing strategies.

Promotions 148

Promotions Outdoor Payment Services Marketing 148

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

SEPTEMBER 26, 2022

A Gucci bag in Roblox sold for about US$5,000 ($7,525), more than the retail price of the physical item in store. Luxury and lifestyle brands are increasingly seeing Roblox and similar platforms as legitimate channels for promoting their brand and products.

Fashion 246

Fashion Accessories Promotions Retailing Pricing 246

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 Gazette

MAY 29, 2024

The Co-op is cutting prices for its members across up to 54 fruit and vegetable lines as it continues its investment in price reductions. The convenience retailer is investing £6.4m to reduce fresh produce prices by up to 44% compared to former standard retail prices, and provide savings on average of nearly 20%.

Promotions 122

Promotions Retailing Pricing Management 122

Inside Retail

OCTOBER 11, 2022

Dubbed “Lay’s-Branded Bag”, the accessory made its debut at Paris Fashion Week and is an official collaboration with US chips company Lay’s which promoted that bag on its social media accounts. The rumoured retail price for the potato chip bag is USD$1800, a huge difference from a $3.99 pack of chips.

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Accessories Accounting Fashion Promotions 130

Inside Retail

DECEMBER 20, 2021

off of recommended retail price), respectively. Chemist Warehouse said the issue isn’t price gouging, but the issue of retailers’ inconsistent pricing strategies confusing shoppers isn’t one to ignore. “Three separate sales events ran from one, into another and then into the other,” the spokesperson said.

Advertising 130

Advertising Promotions Retailing Pricing Shopping 130

Inside Retail

DECEMBER 20, 2021

off of recommended retail price), respectively. Chemist Warehouse said the issue isn’t price gouging, but the issue of retailers’ inconsistent pricing strategies confusing shoppers isn’t one to ignore. “Three separate sales events ran from one, into another and then into the other,” the spokesperson said.

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Advertising Promotions Retailing Pricing Shopping 130

Talking Retail

NOVEMBER 17, 2021

Nisa is offering its retailers a package of confectionery deals to increase sales in the build-up to Christmas. The promotion, available in stores until 23 November, includes Nestlé Dairy Box and Thorntons Continental chocolate boxes at £4 each, saving shoppers up to £1.99

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Promotions Retailing Pricing ATS Marketing 84

Retalon

AUGUST 14, 2023

In today’s omnichannel retail world, traditional pricing methods are struggling to keep up. Retail pricing intelligence gives retailers a strategic edge with data-driven pricing decisions. What is Retail Pricing Intelligence and Why Does it Matter? There are treasures to be uncovered.

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Retailing Pricing Promotions Marketing Spend Marketing 41

Wiser

DECEMBER 12, 2022

For example, if a TV manufacturer sets the minimum price of their product at $450, then the retailer cannot advertise that product for any amount less than $450 without receiving a penalty from the manufacturer. To lower the price, a reseller might offer coupons or discounted rates internally, among other options.

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Advertising Promotions Retailing Pricing Shipping 147

Wiser

AUGUST 17, 2018

Big companies such as TOMS and Chipotle have seen a lot of success with BOGO promotions. In a report from AMG , 66 percent of shoppers say that they like BOGO the most out of all discount promotions. They also found that 93 percent of shoppers report that they have taken advantage of BOGO promotions at least once.

Advertising 112

Advertising Promotions Visual Merchandising Store Layout 112

Inside Retail

JANUARY 21, 2024

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. or 12.12, people are anticipating better promotions from vendors. In the case of the iPhone promotion in China, she observed that price cuts are happening all over APAC too. “In

Marketing 130

Marketing Drop-Shipping Promotions Merchant Services 130

Inside Retail

FEBRUARY 1, 2024

As the Lunar New Year approaches, retailers around the globe are eagerly gearing up to embrace the festive spirit and capitalise on the significant market opportunities that this joyous occasion brings. One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70.

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Payment Services Consumer Marketing Promotions 130

Wiser

MARCH 17, 2020

They want to feel like they’re getting deals, either against a similar brand or a different retailer. Pricing something at $19.95 There’s also the promotional aspect of it. Prices that end in nines or other numbers are often indicative of sale. Furthermore, many shoppers buy based on emotions. instead of $20.00

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Markdowns Consumer Promotions Retailing Pricing 135

Inside Retail

JULY 29, 2021

Meanwhile, competitors wanting to enter the market or expand face significant challenges, including a lack of competitively priced wholesale supply and a lack of suitable sites for large scale stores.”.

Consumer 130

Consumer Supermarket Wholesale Promotions 130

Small Biz Trends

NOVEMBER 30, 2022

Customers can browse through hundreds of artists and purchase products with their artwork at a great retail price. With so many artists on the Redbubble platform, it can be challenging to understand how Redbubble promotes its artists and products while tracking sales. Promote your listings. What Can You Sell on Redbubble?

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Payment Services Drop-Shipping Accounting Promotions 111

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. Traditionally held in July, this two-day event offers brands an unparalleled opportunity to boost sales through deep discounts and strategic promotions.

Consumer 78

Consumer Promotions Advertising Shopping 78

Inside Retail

SEPTEMBER 19, 2022

Acoustic is a marketing and analytics software company that specialises in creating personalised, multi-channel engagement through its Acoustic Marketing Cloud service; optimising and analysing the digital experience through Tealeaf by Acoustic; and, using AI, optimising retail price and promotions through its DemandTec by Acoustic service.

Customer Experience 147

Customer Experience Customer Retention Marketing Promotions 147

365 Retail

JULY 14, 2021

But even as the social environment returns to ‘normal,’ the dramatic pandemic-era shift to online channels will persist, and retailers need to be much more vigilant than in past back-to-school seasons about presenting current, relevant prices and promotions to shoppers both in-store and online. www.demandtec.com .

Shopping 98

Shopping Promotions Returns Apparel 98

Retail Gazette

NOVEMBER 22, 2023

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Former New Look boss Nigel Oddy, now CEO of American Golf, welcomed the extension: “This is a win-win for consumers, retailers, and the economy.

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Promotions Retailing Pricing Consumer Shopping 111

Wiser

DECEMBER 3, 2019

List price is also known as Manufacturer’s Suggested Retail Price, or MSRP. A list price should cover all costs of product development and operations, and it must also generate a desirable profit for the company. What is Net Price? In most cases, few products will sell for the list price.

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Promotions Wholesale Accounting Retailing Pricing 97

Inside Retail

JULY 26, 2021

Cosmetics brand Perfect Diary kicked off this trend by launching its virtual persona Xiao Wanzi on WeChat and engaging customers through private and group chats – a beauty advisor, friend, promotional information supplier, and customer service assistant – all in real time.

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Social Commerce Advertising Apparel Accounting 130

Inside Retail

MAY 30, 2024

I started my career in production [at Ralph Lauren], so I know my [production] cost sheets fairly well and how retail pricing works, those costs were just like not possible. How is it possible to have such a quality at US$25?” “I So I thought what was the secret?” What’s next for Halara?

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retail Focus

SEPTEMBER 7, 2021

Reorganisation of workforces including adapting shift patterns, introducing training plans to promote upskilling, and recruiting ahead of demand curves can all create opportunity to quickly address labour shortages. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.

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Inventory Management Supply Chain Management Shipping Planning 147

Wiser

OCTOBER 12, 2017

In the current retail landscape you have to admit that omnichannel retailers typically have a leg-up, compared to their single channel competitors. But one aspect of this unified retail experience that gets tricky is omnichannel pricing. How to Get Omnichannel Pricing Right . Schedule a demo today.

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Promotions Advertising Accounting Target Market 74