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. They set up identical online shops on spoofed domains and launch paid search ads to sell discounted counterfeit goods.

Merchant Services 306

Merchant Services Payment Services Accounting Checkout 306

365 Retail

JULY 14, 2021

Shoppers looking forward to having their school-age children back to in-person learning this autumn are eager to shop earlier and spend more than in recent years. Conversely, 78% of shoppers ‘often’ or ‘always’ shopped in store pre-COVID, which fell to just 39% in spring 2021. Science-Based Pricing is Now Imperative.

Shopping 98

Shopping Promotions Returns Apparel 98

Inside Retail

SEPTEMBER 26, 2022

This is important, because for brands setting up shop in virtual worlds such as Roblox, ‘see now, buy now, wear now’ is what users will expect. A Gucci bag in Roblox sold for about US$5,000 ($7,525), more than the retail price of the physical item in store.

Fashion 246

Fashion Accessories Promotions Retailing Pricing 246

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Promotions Retailing Pricing Shopping 130

Inside Retail

DECEMBER 20, 2021

Chemist Warehouse has been accused of inflating product prices across the Black Friday weekend, signalling ‘savings’ which were actually higher than the standard prices advertised before and after the shopping event. off of recommended retail price), respectively.

Advertising 130

Advertising Promotions Retailing Pricing Shopping 130

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. Apple’s price cuts come after the company chose not to raise prices for the iPhone 15 series during its September launch. or 12.12, people are anticipating better promotions from vendors.

Marketing 130

Marketing Drop-Shipping Promotions Merchant Services 130

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.

Retailing Pricing 41

Retailing Pricing Markdowns Promotions Accounting 41

Wiser

DECEMBER 12, 2022

If you work in the retail industry, you’ve likely heard of or encountered a MAP policy. Online shopping has exponentially increased the ease with which consumers can find products and compare prices between different retailers, so MAP has become a crucial aspect of product selling for many manufacturers.

Advertising 147

Advertising Promotions Retailing Pricing Shipping 147

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.

Payment Services 130

Payment Services Consumer Marketing Promotions 130

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

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.

Retailing Pricing 41

Retailing Pricing Promotions Marketing Spend Marketing 41

Inside Retail

JULY 29, 2021

In competitive terms, the major retailers, Woolworths NZ and Foodstuffs, are a duopoly, and while there is an increasingly diverse fringe of other grocery retailers, they have a limited impact on competition,” said commission chair Anna Rawlings.

Consumer 130

Consumer Supermarket Wholesale Promotions 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. Retailers need to ensure every channel is integrated into their supply chains as a stand-alone outlet.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Wiser

MARCH 17, 2020

There’s a reason why it’s hard to go shopping and come home with only one item. The one we’re focusing on here is charm pricing. Charm pricing is a common strategy to get consumers to buy a product—or multiple products—with certain prices. Charm Pricing Definition. So then, what is charm pricing?

Markdowns 135

Markdowns Consumer Promotions Retailing Pricing 135

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

Small Biz Trends

NOVEMBER 30, 2022

Customers can browse through hundreds of artists and purchase products with their artwork at a great retail price. Redbubble has excellent reach, especially when it comes to Google shopping ads. Luckily, starting your own Redbubble shop is actually pretty easy, so you can get started with selling print-on-demand products.

Payment Services 111

Payment Services Drop-Shipping Accounting Promotions 111

Inside Retail

MAY 30, 2024

Having launched as a strictly direct-to-consumer brand, Halara is switching things up and will be hosting its first-ever pop-up shop at 470 Broadway in New York City. 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.

Markdowns 130

Markdowns Wholesale Planning Consumer 130

Retail Gazette

NOVEMBER 22, 2023

This will benefit around 230,000 small retail, hospitality and leisure properties. Hunt said the measures put in place would save the “average independent shop” over £20,000. Rates relief will help to maintain our high streets and avoid potential increases in retail prices.”

Promotions 111

Promotions Retailing Pricing Consumer Shopping 111

Inside Retail

SEPTEMBER 19, 2022

With the rapid evolution of digital channels and online shopping, a global pandemic, and supply-chain challenges, retail is evolving at an unprecedented pace. Customer expectations of engagement and experience in retail are changing equally quickly. The role of SMS. Don’t over-use the channel.”.

Customer Experience 147

Customer Experience Customer Retention Marketing Promotions 147

Inside Retail

JULY 26, 2021

Followers also benefit with push notifications for airport pick-up – a little service that ensures their flights are not missed and they have given themselves enough time to queue and collect their shopping. China apparel brand Peacebird has mobilized employees to push out promotions to their social circles.

Social Commerce 130

Social Commerce Advertising Apparel Accounting 130

Independent Retailer

AUGUST 17, 2022

The show is experiencing a huge growth in their online presence, with a lot of promotion and marketing going on. The OFFPRICE show brought buyers from around the world together to shop for products at up to 70 percent off retail prices. People love coming here to gather and talk about what is new.

Apparel 97

Apparel Accessories Shipping Boutique 97

Inside Retail

MARCH 8, 2022

The commission also recommended measures to help consumers make more informed purchasing decisions, and stimulate competition between retailers. These include: Requiring major grocery retailers to ensure promotional and pricing practices, and the terms and conditions of loyalty programmes, are easy for consumers to understand.

Wholesale 130

Wholesale Supermarket Consumer Checkout 130

Wiser

FEBRUARY 13, 2019

Many consumers prefer to pick out their flowers in person, not via a picture online, while card-shopping and candy-buying are two more purchases that are traditionally completed at brick-and-mortar retailers. Furthermore, most shopping occurs right before the holiday.

Discount Store 74

Discount Store Department Stores Shipping Store Operations 74

Retail Focus

FEBRUARY 8, 2024

This retail format has a long history, dating back centuries to the earliest known travelling merchants, but has gained significant traction in the early 2000s as retailers and brand manufacturers incorporated temporary locations into their omni-channel strategies.

Merchant Services 147

Merchant Services Fashion Consumer Clienteling 147

365 Retail

AUGUST 14, 2024

With the rise of e-commerce, conventional retailers face multiple challenges. People in first-world countries always prefer to shop online, which becomes a significant challenge as business costs in the retail industry are high compared to e-commerce. Dropshipping also poses several challenges for conventional retail businesses.

Consumer 52

Consumer Shopping Accessories Promotions 52

A1 Retail

JULY 25, 2023

Total Till growth slowed in July following the unusually high growths in June, brought on by the heatwaves and peak inflation Discounts and promotions account for 22.5 percent of retail sales, highest in the last 12 months except during Christmas and Easter In-store sales (+9.4 percent) grow ahead of online (+4.3

Supermarket 52

Supermarket Accounting Promotions Retailing Pricing 52

Wiser

NOVEMBER 15, 2018

As the holiday shopping season fast approaches, the uptick in excited consumers ready to spend will create plenty of opportunities for emerging brands. . Tracking your competitors’ prices can help with that. . Next, you’ll want to be able to adjust prices quickly and at scale. 2: Establish Your Own Identity .

Consumer 68

Consumer Advertising Shipping Planning 68

Inside Retail

MARCH 14, 2023

We have a customer-facing point of sale in the store that is basically a re-skinned version of our website where customers can shop, and then we can go and pick the product and get it to them right away. So it’s a very price competitive margin squeeze at the moment. But there are two dynamics going on at the same time.

Marketing 130

Marketing Shipping Management Point of Sale 130

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Still, many Chinese citizens were unable to afford – or unwilling to pay full retail prices – for foreign-branded items.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Shopper Intelligence

APRIL 30, 2021

The Buyer deeply involved in the minutiae of operating a category for a retailer: pricing, stock, availability, promotions (see how we track these metrics ), a million daily hassles plus the pressure of hitting profit targets, and performance reviewed by the week, day or even hour. Not the least of which is promotions.

Management 52

Management Promotions Accounting Marketing 52

Retail Smart Guys

OCTOBER 18, 2022

A business is nothing without its customers; hence, attracting them to your retail stores is vital. With this, you can craft a shopping experience that fits and benefits you and the target audience. A goal in mind gives your retail stores a vision and motivation to aim for success. A robust retail plan is not what it all takes.

Planning 52

Planning Advertising Accounting Marketing 52

365 Retail

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. Retailers need to ensure every channel is integrated into their supply chains as a stand-alone outlet.

Inventory Management 52

Inventory Management Supply Chain Management Shipping Planning 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 27, 2024

Optimized Inventory Management: Retail analytics software can help retailers optimize inventory levels, reduce stockouts and overstock situations, and improve demand forecasting accuracy, leading to lower costs and higher profitability.

Inventory Management 52

Inventory Management Management Customer Experience Marketing 52

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Still, real-world retail operations persist. This is because today’s competitive advantage in retailing can often come down to the customer experience.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. Still, real-world retail operations persist. This is because today’s competitive advantage in retailing can often come down to the customer experience.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 19, 2024

Compliance and Risk Management: Retail budgeting software often includes features that help businesses adhere to financial regulations and industry standards. It also aids in identifying and mitigating financial risks, promoting a secure and compliant financial environment.

Finance 52

Finance Accounting Management Planning 52

RETAIL MANAGEMENT SOFTWARE

APRIL 10, 2024

Pricing and Discount Management: Flexible pricing structures that allow for volume-based discounts, contract pricing, tiered pricing, and promotional pricing to attract and retain customers while maximizing profitability.

Wholesale 52

Wholesale Management Inventory Management Inventory Turnover 52