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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

Unlike surge pricing or dynamic pricing, dynamic markdowns ensure consumers consistently receive the best value while helping retailers manage inventory and reduce shrinkage. This approach not only promotes affordability but also enhances sustainability by reducing waste and improving shelf rotation in supermarkets.

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The productivity revolution: Transforming retail operations to combat inflation

Inside Retail

Shrinkage: -15 per cent. By improving efficiency, businesses free up resources (time and money) that can be reinvested into strategic priorities such as pricing, promotional activities, product development or even store refurbishments. Sales: +25 per cent. Market share: +2.2 Stockouts: -21 per cent. Costs: -15 per cent.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft.

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5 Real-World Ways 5G Will Transform Retail

Retail TouchPoints

Additionally, we’re able to look at what are the highly trafficked areas and what are the focus spots [in the store] to reduce shrinkage and optimize employee staffing ,” she added. Supply Chain Optimization.

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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

Loyalty and promotions – liquor retailers want to create loyal customers who return to the store for all their alcohol purchases. A loyalty system and tailored promotions encourage this behaviour. It enables retailers to digitize and automate key processes, such as inventory management or loyalty and promotions.

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The Future of Retail: How Top Brands Choose In-Store Tech

RETAIL MANAGEMENT SOFTWARE

Top retailers prioritize addressing out-of-stock issues, optimizing pricing and promotions, ensuring planogram compliance, and refining allocation and assortment planning to reduce in-store inefficiencies, which can cost retailers significantly. Enhance Visibility: Retailers need to identify areas requiring more visibility.

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Stop out of stocks denting your profits this holiday season

I Vend

Pricing and promotion – data and analytics from retail POS software – about who buys what, when and where – can help to develop profit-boosting pricing strategies, and help retailers to manage promotions for maximum sales and business growth. Retailers are always striving for efficiency, across all of their key processes.