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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. Barach guides development and customer deployment of antuit.ai

Markdowns 278
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Loblaws Pilots 3 Limited-Assortment ‘No Name’ Stores, Promises Significant Discounts

Retail TouchPoints

“Since food inflation took off globally, we have been laser-focused on doing what we can to keep prices lower for customers, including opening more discount food locations in more parts of the country. This new test concept allows us to pass on lower prices to our customers – it’s a completely different and simplified shopping experience.”

Grocer 272
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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

Two years later, as consumers adapted to shutdowns designed to stem the spread of COVID-19, EY recognized that the speed of consumer transformation had greatly accelerated and that new research was needed, explained Jeff Orschell, EY’s Americas Retail Leader and Global Account Leader, in an interview with Retail TouchPoints.

Consumer 279
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Ollie’s Elevates Loyalty Strategy with its Branded Credit Card

Retail TouchPoints

Across its 546 stores in the U.S., Ollies offers close-out merchandise from the worlds most reputable brands at 70% off retail price. Like many retail loyalty programs, Ollies Army offers one point for each dollar spent.

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Digital Is Turning Retail Into An On-Demand Model

Retail TouchPoints

That means networks must bridge the divide between the store, the data center and HQ, and can support a range of new in-store devices and infrastructures — including corporate and customer WiFi connectivity. This makes clear how radical the impact of digital transformation has been in nearly every industry.

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How Korea’s big 3 department stores are killing it right now

Inside Retail

And despite the importance of hypermarkets and the rapid growth of e-commerce in tech-crazy Korea, department stores are an important and venerable part of the country’s retail tradition. If you like style and tradition, then these are your shopping destinations. Specialty stores have suffered a decline in market share, from 29.6

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Kiwis ‘not served well’ by grocery duopoly, but report reactions mixed

Inside Retail

Another major issue is the inability of new retailers to be able to access competitively-priced stock from wholesalers, controlled by the duopoly. For years, this has led to convenience store operators buying stock at a Countdown or Pak’N Save store where common items can be bought in volume considerably cheaper than from wholesalers).

Wholesale 130