Retail TouchPoints

DECEMBER 5, 2023

The retailer also has introduced TrueCost, an innovation that offers client pricing reflecting the true net cost of prescription drugs, with visibility into administrative fees. Simplified pricing will help consumers have confidence that their pharmacy benefit is providing them with the best possible price.

Consumer 264

Consumer Improvements Management Retail 264

Retail TouchPoints

JANUARY 31, 2024

As a result, brands and retailers have had to up their game for their omnichannel strategies to ensure they have the new features and functionality that consumers require to find the best products at the best price. We had so much price sensitivity shining through as a big core theme for what drives channel decisions,” Minkow said.

Shipping Costs 264

Shipping Costs Consumer Mobile Channel 264

Retail TouchPoints

DECEMBER 22, 2022

Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

Arts 278

Arts Retail Consumer Accessories 278

Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. Can Retailers Win a Pricing ‘Game of Chicken’? “We

Games 217

Games Retail Definition Management 217

Retail TouchPoints

JUNE 28, 2023

Dollar Tree is reportedly planning to bump prices on certain products as high as $5 , particularly in the food and beverage space, as it looks for opportunities to carry a wider range of products, according to a presentation at its annual investor conference seen by Winsight Grocery Business. That leap to $1.25 It was custom made.

Food and Beverages 298

Food and Beverages Presentation Retail Customer 298

Retail TouchPoints

MARCH 2, 2023

Engage3 aims to help retailers grow revenue and drive store trips by tracking and optimizing their price image through the Omnichannel Intelligence module, part of the Price Image Management suite.

Channel 276

Channel Omnichannel Retail Technology 276

Retail TouchPoints

OCTOBER 5, 2023

Responding to consumer concerns about the impact of inflation on their holiday budgets, Target is offering thousands of toys and games priced under $25 , with some items as low as $7.99.

Toys 262

Toys Fashion Games Consumer 262

Retail TouchPoints

JULY 18, 2023

Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. Revionics software allows Academy to take a customer-centric and data-driven approach to pricing,” said Govind Madhu, SVP Merchandise Planning and Allocation at Academy in a statement.

Outdoor 231

Outdoor Customer Apparel Fulfillment 231

Retail TouchPoints

MARCH 27, 2023

Half Price Books has partnered with Reveal Mobile to utilize its geofencing and digital campaign measurement platform to optimize its marketing efforts. ” The partnership with Reveal Mobile is similar to Half Price Books’ approach to growth. ”

Books 315

Books Customer Retention Social Media Mobile 315

Wiser

MARCH 20, 2023

For retailers, this is especially true when it comes to pricing data. Pricing data can be gathered from a multitude of different web locations—competitor websites, social media, Google ads, etc. But Wiser has another solution for you—Price Intelligence. What Is Wiser’s Price Intelligence? How Should You Track Prices?

Social Media 158

Social Media Reference Information Other 158

Retail TouchPoints

JANUARY 6, 2023

There are a few early adopters of the metaverse store concepts, and they are definitely worth following — their approaches to pricing are especially interesting as that’s completely new terrain. What About Pricing in the Metaverse? Price of Gucci run sneakers on the company’s site. Into the Metaverse: Adidas NFT.

Games 317

Games Cryptocurrencies Clothing Channel 317

RetailDive

APRIL 18, 2024

The arts and crafts retailer has dropped prices to 2019 levels or lower, as it aims to help customers “stretch their dollar,” according to the CEO.

Arts 131

Arts Customer Retail 131

Retail TouchPoints

SEPTEMBER 29, 2022

s Athleta brand has teamed up with ThredUP and Shop Premium Outlets to pilot a new resale program and expand further into the off-price sector, respectively. Off-Price Online with Simon and Rue Gilt Groupe. Gap, Inc. ’s Resale with ThredUP.

Accessories 275

Accessories Apparel Customer Consumer 275

Retail TouchPoints

FEBRUARY 22, 2023

Walmart CEO Doug McMillon wants the retailer to do its part in fighting inflation by keeping prices on its private label products down, according to CNBC. He believes lower prices on private label goods could push other brands to keep prices down even as Walmart (and others) face rising costs.

Other 302

Other Marketing Retail Supplies 302

Wiser

APRIL 25, 2024

In retail operations, the interaction between category management and price optimization teams is key to staying competitive. However, the inherent differences in approach and objectives between category managers and pricing analysts can lead to internal challenges, underscoring the importance of finding a harmonious balance.

Management 78

Management Retail Recommendation Presentation 78

Wiser

JANUARY 17, 2024

Pricing plays a critical role in determining a product’s market position, sales growth, and profitability. A well-thought-out pricing strategy can be the difference between a product that flies off the shelves and one that lags behind. One such strategy that has gained traction for its effectiveness is life cycle pricing.

Games 140

Games Management Consumer Marketing 140

Retail TouchPoints

DECEMBER 13, 2023

DTC brands Gilt Groupe , Stitch Fix and Casper have teamed up to create a new feed-based, discovery-driven shopping app called Yaysay that is designed to elevate and gamify off-price shopping online. Everyday users of the Yaysay app will see a limited number of items curated for them by AI. The rules of Yaysay shopping.

Fashion 264

Fashion Mobile Games Supplies 264

Retail TouchPoints

MARCH 15, 2022

Then war and corresponding economic sanctions sent prices of oil and other commodities soaring. They risk losing potential sales — and customers — if they raise prices, but keeping prices static eats into their profit margins. Retailers are fortunate that several external factors are putting a sugarcoating on price increases.

Retail 276

Retail Customer Loyalty Consumer Supplies 276

Retail TouchPoints

JUNE 29, 2022

While it’s possible that price pressures have peaked, that will be of little comfort to American consumers as they head into a third straight summer defined by financial hazards and uncertainty. People find themselves having to adjust yet again, altering both shopping habits and mindsets to accommodate steadily climbing prices.

Customer Loyalty 242

Customer Loyalty Customer Consumer Events 242

Retail TouchPoints

JANUARY 11, 2023

Five Below , the value retailer targeting the tween and teen markets, plans to open more than 200 stores during its fiscal year 2023, which ends in January 2024, and convert more than 400 stores to its higher-priced Five Beyond format.

Marketing 353

Marketing Retail Customer Operations 353

My Wife Quit Her Job

FEBRUARY 22, 2024

Amazon Warehouse Deals is an extended marketplace […] The post Amazon Warehouse Deals: Prices So Low, It Feels Like Stealing appeared first on MyWifeQuitHerJob.com. What Are Amazon Warehouse Deals?

Article 173

Article 173

Wiser

DECEMBER 12, 2022

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. Often, MAP works to help keep MSRP prices stable by providing a minimum threshold. What Is a MAP Policy.

Shipping Costs 147

Shipping Costs Retail Shipping Recommendation 147

Retail TouchPoints

JULY 22, 2021

Price optimization solution provider Engage3 has launched its Price Image Management (PIM) suite for independent grocers and convenience stores. The platform uses both AI and ML to combine the retailer’s own private data with the rest of the market to determine optimized pricing.

Management 264

Management Marketing Retail 264

Retail TouchPoints

SEPTEMBER 16, 2022

14, 2022, California Attorney General Rob Bonta alleged that Amazon engaged in anticompetitive price blocking practices that increased product pricing for California customers. Seller agreements that penalize companies if their goods are available for a lower price through a non-Amazon platform are at issue.

Merchant Services 259

Merchant Services eCommerce Platforms Consumer eCommerce 259

Wiser

JANUARY 4, 2024

Companies continually grapple with the best approach to set prices that would not only cover costs but also attract and retain customers. One such approach to consider is economy pricing. Adopting certain pricing strategies could mean the difference between a thriving business and one that struggles to keep its doors open.

Operations 145

Operations Customer Loyalty Small Business Retail Consumer 145

Retail TouchPoints

MAY 26, 2022

Data analytics solution provider Kaizen Analytix has launched KaizenPrice , an AI-powered smart-pricing recommendation software designed to help small- to medium-sized businesses. The platform was created to provide pricing recommendations and demand forecasts.

POS 278

POS Retail Recommendation Information 278

Retail TouchPoints

DECEMBER 22, 2022

Grove Collaborative , which offers a range of sustainable household and personal care items, faces delisting on the New York Stock Exchange (NYSE) if its share price doesn’t rise within six months. Nor is Grove the only retailer dealing with depressed stock prices: Party City received a delisting notification earlier in December as well.

Other 311

Other Retail Omnichannel 311

Retail TouchPoints

JUNE 27, 2022

Retailers need to readjust their strategies business-wide as they prepare to meet empowered customers who have more choices than ever in a tough economy that’s giving them more reasons than ever to seek out the best price — wherever it may be. The result?

Shipping Costs 275

Shipping Costs Omnichannel Customer Retention Retail 275

RetailWire

APRIL 19, 2024

Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations. Procter & Gamble's recent quarterly results showed a mix of gains and setbacks.

Management 110

Management 110

My Wife Quit Her Job

JUNE 6, 2023

We cover products and pricing, pros and cons in this Creative Market review. The post Creative Market Review: Pricing, Features, Pros And Cons appeared first on MyWifeQuitHerJob.com. But is Creative Market worth paying for, and how does it compare to alternatives like Canva or Envato Elements?

Marketing 189

Marketing eCommerce 189

Wiser

APRIL 11, 2024

Retailers employ a variety of pricing strategies to stay competitive, optimize profits, and meet customer expectations. This discussion delves into different pricing strategies, their frequency of use, implementation challenges, and the role of technology in enhancing pricing optimization.

Technology 78

Technology Retail Marketing Online Retail 78

Ecommerce Platforms

JANUARY 24, 2023

With the advanced pricing tiers, you can run scheduled and time-sensitive loyalty/reward campaigns to regularly entice loyal customers. every four weeks) and receive a discounted price. There are tons of pricing plans to wade through, so we’ll only look at each briefly below.

Shipping Costs 197

Shipping Costs Merchant Services Subscription Shopify 197

My Wife Quit Her Job

DECEMBER 8, 2022

In this Shopify Review, I cover everything you need to know: how Shopify works, their pros and cons, key features, pricing, and more. . The post Shopify Review – Pros And Cons, Pricing, And Key Features appeared first on MyWifeQuitHerJob.com. But how do you know if Shopify is right for your business?

Shopify 244

Shopify eCommerce Platforms eCommerce 244

Retail TouchPoints

APRIL 29, 2021

For years, retailers have faced accelerating pressures on margins and profits as competition proliferated both online and in brick-and-mortar, as shoppers grew less loyal and as complete price transparency became the norm. A good place to start with a strategy tune-up is in that most fundamental of all retail levers — pricing.

Retail 279

Retail Recommendation Supplies Technology 279