Due to the nature of demand and competitiveness, the consumer electronics vertical in retail is one of the most challenging for retailers looking to build a sustainable and growing business.
Dynamic pricing has become an industry standard. But what does this truly mean? What should you be getting out of dynamic pricing? How can you ensure that you are not just price matching? Or working based on hunches? How can pricing managers use science to set the right pricing strategy to meet business goals?
Retail is the primary user of pricing optimization since price is one of the primary brokers of every purchase
The Covid-19 pandemic has overwhelmingly impacted the retail industry across the globe. Social distancing measures and anxiety over the viral transmission of the disease have led to the enforcement of high street store closures and an accelerated shift to digital across the end-to-end customer journey.
Expectations for Early Holiday Shopping Season Clash with Pipeline Challenges
How to leverage pricing Infrastructure and inventory management to shield against rising inflation and make lemons into lemonade
There are several key reasons why brands are seeking to tap into the D2C market. Many CEOs view it as a strategic decision, as it’s a rising trend around the world.
If prices change weekly, daily, or hourly, will customers grow frustrated and look toward the competition?
Now, with the hope of a vaccine upon us and a possible return to normal, both physical and online retailers need to take a quick look at the challenges ahead, to position themselves to overcome the challenges the future will bring.
With Cyber Monday just around the corner, retailers need to develop a holiday pricing strategy that will not only sell products but generate profits as well
