Remove Promotions Remove Retailing Pricing Remove Returns
article thumbnail

Retail Roulette – Why Black Friday and Cyber Monday discounts are a complete gamble for retailers and consumers alike

Retail Focus

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.

Consumer 261
article thumbnail

AI-Powered Pricing and Promotions are Redefining the 2020 Retail Holiday Season

Retail TouchPoints

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AI is Revolutionising the Retail Sector

Retail Focus

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. This boosts efficiency and allows staff to focus on high-value tasks.

article thumbnail

AI-Powered Pricing and Promotions are Redefining the 2020 Retail Holiday Season

Retail TouchPoints

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.

article thumbnail

Advanced Retail Pricing Strategy: Unifying PPMO (2022)

Retalon

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.

article thumbnail

Behind Apple’s price cuts and the competitive mobile phone market in Apac

Inside Retail

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. As the battle for market share heats up, industry experts point to the resurgence of Huawei and the patriotism-driven decision-making of some Chinese consumers to return to using domestic brands.

Marketing 130
article thumbnail

What is Charm Pricing?

Wiser

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. But do you know which prices resonate the most with your shoppers?

Markdowns 135