Inside Retail

NOVEMBER 5, 2024

In January, the inquiry was initiated in response to a directive from the Australian Government due to concerns about supermarket pricing practices, including the potential use of false or misleading “was/now” pricing and “special” promotions.

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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.

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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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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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Retail Focus

DECEMBER 3, 2024

The approach of offering fewer products while increasing promotional impact reflects how a retailer like Currys is refining its strategy to balance consumer preferences with enticing deals to consumers. to a retail price of £2999. to a retail price of £2999.

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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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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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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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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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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.

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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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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.

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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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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%.

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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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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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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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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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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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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

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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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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.

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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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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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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.”.

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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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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.

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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.

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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 .

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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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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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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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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?

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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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RETAIL MANAGEMENT SOFTWARE

AUGUST 27, 2020

Manage your prices effectively to ensure maximum profitability. Promotional campaigns – Seasonal campaigns are often times when you need to keep a close eye on price. Manage your prices for each season by manually changing your prices or by programming your changes for a certain date. Having a 50% off sale?

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Inside Retail

NOVEMBER 14, 2023

They can see sketches, 3D mockups and all the information on colourways, sizes, recommended retail prices and even carryover styles from previous best-selling items that may be incorporated into the new design.” The other part of the group focuses on communications – developing, planning and creating the assets to promote the product.”

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Wiser

JULY 14, 2020

We tend to think of pricing as its own distinct practice. You develop a product, produce it, promote it, and sell it. In reality, a pricing strategy needs to be baked into the entire process. If that’s the case, does the pricing reflect the value? Cost-Based Pricing. Is it a high-end product?

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