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Tag: pricing


News & Trends

How Brands can Deliver More Value to Shoppers in 2023

January 5, 2023

Via: Retail TouchPoints

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices […]


News & Trends

Retail Sales Drop 0.6% in November, but NRF Expects Flat Return Rate Despite Higher Sales

December 16, 2022

Via: Retail TouchPoints

Retail sales fell 0.6% in November 2022 compared to the previous month, though they were up 6.5% from November 2021, according to Commerce Department data. The decline occurred despite muted inflation of just 0.1%, according to the Bureau of Labor […]


News & Trends

Can Retailers Escape Inflation?

August 10, 2022

Via: Retail TouchPoints

Retailers are facing a dilemma. Record inflation is forcing unwanted price increases while eroding already frayed consumer loyalty, hitting their bottom lines. Retailers can escape inflation’s grasp, and counter revenue erosion — but to do so, they must look far […]


Customer Experience, Loyalty Programs

Inflation Pressure Tests Customer Loyalty, Spotlights Price

June 29, 2022

Via: Retail TouchPoints

American consumers are right to feel like they can’t catch a break right now. Just as people were eagerly starting to put a trying pandemic behind them, another formidable beast entered the room: inflation. U.S. inflation shot up to a […]


News & Trends

It’s Not Business as Usual: Achieving Retail Success in an Inflationary Environment

June 10, 2022

Via: Retail TouchPoints

Many retailers today face two major problems: supplier cost increases and overall supply shortages that are driving inflation rates higher than have been seen in at least 40 years. As a result, retailers are experiencing a daunting dilemma: to choose […]


Customer Experience, Loyalty Programs

How Kroger Strengthened Customer Loyalty by Sharing its ‘Passion’ for Sustainability

April 7, 2022

Via: Retail TouchPoints

Many factors go into customer loyalty, from the most basic (offering quality products that shoppers want) to more emotionally driven considerations. But just because these reasons are less tangible than a retailer’s product assortment, it doesn’t make them less important. […]


News & Trends

Retailers Can Cushion Price Increases’ Impact With Greater Transparency

March 15, 2022

Via: Retail TouchPoints

Inflation was already running hot even before Russia’s invasion of Ukraine, reaching 4.7% for 2021 — the highest annual rate since 2008’s 3.8%. Then war and corresponding economic sanctions sent prices of oil and other commodities soaring. Retailers trying to […]


Retail Types, Stores

How to Write a Clothing Store Business Plan (With Template)

September 24, 2021

Via: Lightspeed POS

Whether you’re a first time business owner or seasoned entrepreneur, your new clothing store will benefit from having a formal business plan. A business plan is a document that outlines its intended purpose and goals, and helps serve as a […]


News & Trends

Retail Strategy Tune-Up Time: Let’s Start with Pricing

April 29, 2021

Via: Retail TouchPoints

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. The global onset of the pandemic further accelerated […]


Customer Engagement, Customer Experience

3 Ways To Harmonize the Customer Experience

November 16, 2020

Via: Retail Info Systems News

Staying competitive in the new reality is like a giant question mark for most retailers. Industry experts seem to agree that it’s not about just a simple act of selling something anymore — it’s about offering a gratifying and preferably […]


E-commerce, Retail Types

After Summer Sale Comes Amazon Prime Day — Retailers Must Prepare

August 24, 2020

Via: Retail TouchPoints

One of the more jaw-dropping retail statistics of the past few months is the more than 400% increase in Walmart shopping app downloads. Target and other big box stores experienced triple-digit jumps as well. Meanwhile, Amazon has had several pains […]


News & Trends

Is Your Business Ready to Expand? Consider These 5 Things First

January 25, 2017

Via: Retail Minded

According to a survey by the National Federation of Independent Business, the overwhelming majority of small businesses believe they can double their sales and increase their workforce within five years, and 83 percent think expanding would be a positive experience […]


E-payment & Data Security, Tech

3 Resources to Help You Navigate the Upcoming EMV Deadline

January 4, 2017

Via: Retail Minded

With so much attention surrounding the upcoming EMV deadline, it’s important to know the facts – as well as who to lean on and where to turn when you need some information. There are countless resources out there to help […]


News & Trends

3 Tips For The Final Back-To-School Shopping Days

September 13, 2016

Via: The Retail TouchPoints Blog

The end of summer brings Labor Day picnics, last minute beach days and, of course, the traditional back-to-school shopping trip. Times are changing, though: the days of jumping in the station wagon and heading to your favorite retailer for the […]


E-payment & Data Security, Tech

Retail SMBs: Emerging Technology is Not Out of Your Reach

May 10, 2016

Via: Retail Minded

Although the retail industry continues to see an increase in technology resources, for many retail SMBs, concepts like data analytics and the Internet of Things (IoT) might seem like investments and expertise out of their reach and comfort zone. Having […]


Others, Tech

The Retailer Technology Checkup

March 7, 2016

Via: The Retail TouchPoints Blog

How would your infrastructure fare at its own checkup? Is data flowing smoothly through your system, regardless of environment or traffic? The sales floor, in particular, can suffer from signal interference due to lighting, metal and glass fixtures, escalators, and […]