Tag Archives: Pricing Analytics

As eCommerce Sales Trend To $73B In 2016, Data-Driven Decisions Key To Inventory Management (Infographic)

Statistics show that revenue from the apparel and accessories industry is growing at 44% annually in the US, and that eCommerce is expected to rack up $73B in sales by 2016 (accounting for more than 20% of all US online retail sales). Stitch Labs, a software tool to help manage inventory, orders, expenses, contacts, and statistics across various se...
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Several Smart Ways To Raise Profits By Decreasing Inventory

Decreasing your inventory for profit is not an oxymoron. Assortment Optimization doesn’t always mean that retailers must meet, match, or exceed the competition’s assortment by adding products. Determining what sells well and where you make the most profit are the places for retailers to concentrate their efforts. Using Assortment Intelligence anal...
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What 5 Lessons Can Retailers Learn From Barnes & Noble’s Recent Nook Decision?

We don’t know what goes on in the boardrooms when discussions take place over what to do about the future of the business… but yesterday’s article in the New York Times on Barnes & Noble’s latest efforts to set their...
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Where’s Big Data Headed Re Competitive Retail Intelligence? (Infographic)

Is big data questionable? I don’t mean should we question (the existence of) big data, but where do retailers want to go with it, and where is it taking us — especially as a competitive pricing and assortment intelligence tool? In May 2011, McKinsey Global Institute studied Big Data and wrote the article: “Big Data: The next frontier for innovation...
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As eCommerce Sales Hit $1 Trillion In 2012, Here Are 4 Critical Pricing Strategies For Retailers In 2013

This is the time of year when ecommerce and marketing research firms tell us how we did in 2012 and offer up eCommerce predictions leading to astute pricing and assortment strategies for 2013. After reading the latest National Retail Federation, comScore and eMarketer reports, it’s clear that all signs point to a positive year ahead for eCommerce. ...
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What’s More Important To Customers: Brand Loyalty or Competitive Price? (Marketoon)

Do customers today buy for loyalty or for competitive price? That’s the essential question posed in two of Tom Fishburne’s Marketoons on the subject of Brand Loyalty. The first Marketoon (1. below) shows a shopper shunning one set of Valentine’s Day products, about to buy the ones that are on sale, with the caption, “Nice try, but THAT brand is on...
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Decisionmakers Cite 9 Key Reasons Business Intelligence & Analytics Critical To Operations

Every day, there are more and more-sophisticated business intelligence and analytics tools available to optimize pricing for thousands of products, help spot possibilities to reduce prices and increase sales, analyze data, determine ideal product mix, and increase overall profitability. And the competition grows more keen with every moment. In Nov...
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5 High Performance Pricing Procedures For Ecommerce Profits

There’s no area of your company — or your future — that isn’t affected by pricing — and, with pricing and assortment intelligence technology and price tracking capability developing at warp-speed, that becomes more and more challenging every second. Deloitte analysts in 2007 observed that companies that integrated their pricing efforts outperformed...
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9 Reasons Retailers Are Raiding Technology Sectors To Compete In Burgeoning eCommerce Arena

The extraordinary and revolutionary advent of eCommerce, tempered by the competitive intelligence world of retail sales and profits — and growth of supporting technology — has store-front retailers fighting back. Before this past holiday season, many big retailers rolled out the big guns to level the playing field, taking ideas from the online play...
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5 Must-Know Technology Trends That Will Drive Retail Business In 2013: Comments By 14 Retail Execs

As the lines between traditional and digital channels continue to blur and the need for competitive intelligence and price monitoring software grows, Retail Touchpoints recently asked 14 key executives from leading solution-provider companies to share their insights on technology trends in 2013. Each executive was asked to answer the following que...
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Antitrust. How Google’s Search Algorithms Could Stifle eCommerce Competition

What do you do when an 800-pound gorilla has a monopoly on search engine activity that sends consumers to your website — and is also an ecommerce competitor of yours? What happens when your website becomes harder to find, receives less prominence, and your carefully sought-and-paid-for results appear to be dropping off? Here’s a cautionary tale bei...
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5 Smartest Paths To The Most Effective Competitive Pricing & Profit

When does price matter? Econ 101 teaches that demand decreases as prices rise, and increases as prices fall. Econ textbooks inevitably present a graph with a graceful curve, illustrating the phenomenon. The problem is that there are no numbers on the axes of the graph, so you never know how much price matters. To make the situation more complicat...
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10 Ways Framing Pricing Right Gives Retailers Greater Profit: Jon Manning, Pricing Prophets Video

Manning’s back! In Ten Better Ways To Frame Your Pricing, Jon Manning, Founder & Managing Director of Pricing Prophets, says that finding better ways to frame or position your pricing could mean the difference between a successful and an unsuccessful product, winning or losing the business, or profit and loss. Jon is also Upstream Commerce’s Reside...
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