Benchmark Brands/FootSmart® Selects Upstream Commerce to Provide Its Competitive Retail Intelligence Solutions

UC logo 200 x 190NEW YORK – Omnichannel retail leader, Benchmark Brands, no. 204 on the Internet Retailer 500, has chosen intelligence provider, Upstream Commerce, to maximize Benchmark’s price and assortment optimization in order for Benchmark to better serve their prime audience of baby boomers and seniors needing comfortable footwear, footwear-related products,...
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Dynamic Pricing: What should you do if your competitors change prices every hour — or even every minute?

Dynamic Pricer 150 jpgEditor’s Note: We recently received some great questions on our Competitive Pricing For Online Retail LinkedIn Group Site — worth sharing with our wider audience. Questions such as: 1. What should you do if your competitors change prices every hour or even every minute (i.e. dynamic pricing)? 2. When performing competitive intelligence, how can you...
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25 Ways Retailers Can Beat Amazon With Multi-channel Marketing

multichannel Amazon 150To pick up where Amos left off, “multi-channel retailers have many advantages over Amazon if they continue to exploit every opportunity to blur the channels.” (Retailers’ Survival Guide To Webrooming). Simultaneously comes a report from Boston Retail Partners stating, “The retail industry is undergoing an unprecedented multi-channel transformation ...
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Retailers’ Survival Guide To Webrooming

Survival Guide Orange 150With 88% of shoppers saying they research online and then buy in-store (webrooming), and 76% of shoppers saying they research in-store and then buy online (showrooming), retailers who can deliver real-time retail through seamless omni-channel experiences will reap the biggest rewards. I promised — at the end of my last post — about webrooming — to ...
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88% of Shoppers Say They Webroom, i.e. Research Online Then Buy In Stores

webrooming art 150Retailers can rejoice that consumers increasingly are heading to local stores to purchase items they’ve researched online, or “Webrooming,” (as opposed to “Showrooming,” where customers research in-store and then buy online). In a recent study, 88% of shoppers said they regularly research online before ultimately purchasing in a brick-and-mortar ...
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How Retailers Can Avoid Falling Into Amazon Firefly’s Flytrap

In case you missed it, Amazon recently introduced a new smartphone called Fire, which includes a shopping feature called “Firefly”.  “The Firefly shopping feature, if successful, will have serious consequences on the ways that both online and brick and mortar retailers do business,” says Upstream Commerce CEO, Amos Peleg.  “As a result,” Peleg s...
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The Magic Formula For Competitive Retail Profit

Mickey Mouse Magic 150The Magic Formula For Competitive Retail Profit is: “Price better.” Whether you have 80 or 80,000 products, the proper strategic pricing adjustment can help you capture revenue that you’re leaving on the table. If you raise prices 10% and your volume drops 20%, you’re in trouble. But if you raise prices and your volume only drops 5%, you’r...
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10 Important Reasons Retailers Should Monitor Minimum Advertised Price (MAP) Violations

Collage Rectangular sales signsAre your competitors violating MAP agreements to the detriment of YOUR bottom line? As you know, Minimum Advertised Price or MAP — emphasis on the word “Advertised” — is a supplier / manufacturer pricing policy (with legal ramifications), not permitting resellers to advertise a product for prices below a certain specified amount.* Violations of MA...
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Upstream Commerce Unveils New MAP Monitor™ Solution To Track & Document MAP Pricing Violations

UC logo 200 x 190CHICAGO – Wednesday, June 11, 2014 — Retail Intelligence leader, Upstream Commerce, today, at the IRCE 2014 Conference in Chicago, unveiled the latest solution in their price intelligence toolbox, MAP Monitor™.  This tool gives retailers the capability to identify, document, and track corrections of MAP pricing violations. “In today’s hyper-...
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Retailers’ Survival Guide To Price Optimization

Survival Guide Orange 150Although the stated position of RSR Research is “to focus on the business challenges and opportunities that technologies can address rather than on the technologies themselves,” the RSR researchers couldn’t resist observing, in the conclusion to their recent pricing survey, the Pricing Paradox, that, “failing to use the proven science behind price...
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Why Are Retailers Afraid To Set Up Their Pricing Intelligence Solutions?

UC 1st in class tech 150In our increasingly complex retail landscape, it makes sense for retailers to use only the best intelligence solutions to help access information and insights, identify and address opportunities, and mitigate challenges — with the express goal of being more effective and efficient than their competition. It seems that the retailers’ concerns re...
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25 Ways Your Retail Competitors Are Poised To Increase Their Pricing Power

As retailers jockey for position in the competitive marketplace, tactics and strategies that didn’t exist yesterday are mainline today — and will be history tomorrow. Customer, product, supply, assortment, marketing, social, omni-channel, you-name-it. Once a product exists, EVERYTHING revolves around that product, i.e. pricing, price competition an...
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7 Pricing Paradoxes Hindering Your Retail Profits

If you look between the lines of the just-released 2014 RSR Benchmark Report, The Pricing Paradox, you might notice some discrepancies between the answers that respondents gave vs. their actual reported pricing behaviors. It appears that, in many cases, what the respondents said they wanted to do with their pricing strategies was at odds with what ...
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