How retailers can waste less product

Intelligent Pricing Could Help to Eliminate Waste from Luxury Brands

The recent news that luxury brands have destroyed millions of pounds worth of unsold merchandise, to avoid their products falling into the wrong hands and being sold on the “grey market” at knockdown prices, illustrates the challenges that these brands face in matching pricing and customer demand. With Richemont, owner of Cartier and Mont Blanc,…

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SaaS and Retail Innovation: A Software Development Perspective on Managing Change

It’s a fact that many retailers have struggled to embrace innovations in technology, especially the move to cloud-based or Software-as-a-Service (SaaS) solutions for day-to-day operations. Even so, retailers know that moving to the cloud gives them greater agility and faster speed to market. According to a new survey from JDA and KPMG, over the past five years…

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Does Your Business Have a Retail Pricing Problem?

Today’s blog comes from guest contributor Ryan Kinzy, managing partner of DoubleBlaze Consulting. DoubleBlaze is a JDA partner working with retailers to improve their lifecycle pricing processes and helping them realize increased profits. A longer version of this article originally appeared on the firm’s blog. When we engage with retail prospects for our consulting services, the first thing…

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The Key to Successfully Syncing Retail Price Planning and Execution

We know that keeping up with customer needs and delivering on shoppers’ expectations are among the biggest concerns retailers have today. And as companies come under pressure not only from changing shopper demographics and the impacts of technology, the holy grail for retailers today is using technology to better understand customers and give them shoppers…

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Can Hospitality Pricing Guide Retail Dynamic Pricing?

Last year Kingfisher’s CEO, Ian Cheshire famously said that “retailers could soon be using ‘dynamic pricing’ in the same way that airlines and hotels do.” His argument was that electronic shelf-edge pricing in stores would allow retailers to display to-the-minute prices across stores, something that one of his companies, Castorama already does, and he plans…

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