Pricing Manager Recruitment: Hiring the Right Pricing Teams 👨💼
Every business needs a strategic pricing manager to balance company growth. They devise the most efficient pricing strategies for the company’s product or service offerings. By managing prices, businesses can make sure that they are continuously making significant profits while providing their customers with the products…
Retail Sales Promotion Strategies: How To Build Your Online Platform 👔
At one point, online shopping was a futuristic concept. Now, retail sales promotion strategies include an e-commerce platform, especially during the pandemic. Consumer trends show that people are scaling back their patronage of brick-and-mortar establishments. Online shopping has increased by 15-20% in China and 81% in…
Exploring A Price-Based Marketing Strategy For Retail Store Businesses 💄
We frequently discuss how online retailers can use pricing to increase revenue or combat inflation. But what about traditional brick-and-mortar stores? While it is true that many people have shifted to online shopping in recent years, physical stores should not be downplayed. Pricing will also play…
What Can Businesses Do When Customers Demand Price Cuts? ✂️
Costs do not stay high permanently. Sooner or later, customers will demand price reductions. Businesses must exercise extreme caution when this happens. Price undercutting, when done incorrectly, can harm the brand’s reputation and decrease profitability. Your customers will most likely be pleased if you agree to…
Retail Pricing Strategies: Strange Things Happening With Australian Retail Prices 📠
Leading retailers Woolworths & Coles and pure-play online businesses – Sephora, Mecca, ShowPO, ASOS, Prettylittlething, the Iconic; and even pet food business PetCircle – use online retail pricing strategies, tailored promotions and customer loyalty to drive margin increases on some products of up to 60%. Developing…
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