7 Simple Reasons Online Retail Revolution Welcomed In Australia (60 Minutes News Video)

With images of the movie Breakfast At Tiffany’s in the background, 60 Minutes Australia took a look at the early days of eCommerce in that Country/Continent (2011).  Titled The Online Retail Revolution, it’s interesting to see what people were thinking about as they looked toward the coming phenomenon of online shopping, and talking about what ...
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How Simple Web Scraping Can Hurt Retail Competitive Pricing & Assortment Management

With today’s burgeoning technologies, big data mining, savvy connected consumers and overwhelming use of social media, a firm grasp of competitive pricing and assortment analytics and technology is critical to retailers to maintaining a competitive edge. Retailers, more than ever, must use a retail intelligence suite to optimize pricing opportuni...
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Even A Small Mistake in Pricing Will Have Big Negative Consequences For Your Bottom Line (Deloitte Video)

With the understanding that this video on competitive pricing and profitability management by Deloitte is aimed at business organizations, what it says about pricing in general is worth hearing for everyone, especially retailers. Deloitte Principals Julie Meehan and Mike Simonetto, in Pricing and Profitability Management: A lever worth pulling, ta...
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5 Ways Retailers Can Use Analytics For Home Run Products & Competitive Pricing

It’s every retailer’s dream to know what is going to sell best, the best, most competitive prices to charge, and how to stock the most productive inventory. Certainly, to know what the consumer wants, forecast future sales and trends, and more. With the intelligent use of technology (including Competitive Pricing and Assortment Solutions), retaile...
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8 Reasons An Internet Sales Tax Will Hurt Online Retailers: Part 2

Last week, every news medium was buzzing about the Internet Sales Tax bill (Marketplace Fairness Act) that passed the US Senate and now moves to the House of Representatives for further wrangling. In my last blog post (How The Internet Sales Tax Bill Will Affect Online Competitive Pricing, Part 1), I discussed what the bill is about. Today I’m writ...
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How The Internet Sales Tax Bill Will Affect Online Competitive Pricing: Part 1

On Monday May 6, 2013, the US Senate passed a bill requiring online retailers to collect sales tax just like their brick and mortar cousins. Although the bill has to pass the House, The Marketplace Fairness Act (also called The Internet Sales Tax Bill), if passed, will seriously affect the way business is done on the internet in the future, includi...
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3 Important Price Optimization Lessons You Might Learn In The Strangest Places: Ask Mark Stiving

On his way to attend the Professional Pricing Society meeting in Las Vegas, Mark Stiving picked up some “principles of pricing” from a hooker who struck up a conversation with him as he walked to his hotel. No, it’s not what you think. Stiving boldly decided to ask the woman a few questions about her business and found out how much she knew aboutÂ...
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10 Reasons Price Matching Is A Risky Strategy: Ask Walmart, ToysRUs & Best Buy

What started as a competitive pricing strategy has turned into a bad dream for Walmart, ToysRUs, Best Buy and their customers. These, and other big retailers are running into flak because the price matching experience promised in the store is most decidedly not as expected, and some shoppers are angry enough to stop shopping there, reports a Bloo...
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9 Effective Habits Of Online Retail Winners

By now, we all know the drill about the online retail marketplace: It’s global and transparent, growing exponentially; social, mobile and omnichannel usage proliferates; consumers are more savvy and connect...
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50% of RSR “Tough Love” Pricing Survey Respondents Evaluating “Rules-Based Pricing Engine” As Tech Solution

The most recent RSR Research Study, “Tough Love, An In-Depth Look At Retail Pricing Practices,” examines what retailers think they need in order to be more competitive and successful in the marketplace. Looking at the section on Pricing Technology Solutions, 50% of the respondents indicate that they’re in the process of evaluating and selecting a r...
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Find Out How A Retail Winner Increased Customers By 35% In Three Months! (IBM White Paper).

Winners Losers Leaders Laggards. This might be a good name for a John le Carre novel, but it’s analyst-speak for identifying leading (or lagging) retailers.  What are the differences between retail leaders and retail laggards, and what are the vital statistics that set leading marketers apart from the crowd? According to a recent white paper from ...
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Setting Prices & Pricing Data Are Top Challenges Retailers Cite In RSR “Tough Love” Survey

Breathing down every retailer’s neck in 2013 is online retail competition growing by double-digits, eCommerce surging ahead of brick & mortar and becoming more effective; and the use of more effective tools for meeting and beating the competition. In my previous blog post on RSR’s Tough Love, An In-Depth Look At Retail Pricing Practices, I talked a...
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Why Online Retailers Need To Grow Revenue 15% In 2013 To Remain Competitive (Infographic)

This just in! A nifty Infographic from ClickTale summarizing the latest eCommerce growth forecasts, telling why retailers need to achieve over 15% online revenue growth in 2013 in order to stay ahead of the game, including which product categories are going wild and key advertising dates when your business will be at its best. Of course, along with...
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