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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...
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Even A Small Mistake in Pricing Will Have Big Negative Consequences For Your...
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...
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How Simple Web Scraping Can Hurt Retail Competitive Pricing & Assortment...
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...
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7 Simple Reasons Online Retail Revolution Welcomed In Australia (60 Minutes...
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...
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Use Of Advanced Pricing Analytics Will Improve Retail Margins 2%–4% & Grow...
With the increasing complexity in retail today, applying advanced analytics in areas such as pricing solutions is critical for retailers wanting to stay ahead in the market. A recently-released...
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Is The Prime Reason Customers Shop Online Price Or Convenience? Which One?...
Do you think the most important reason customers prefer to shop online is because of price -- or is it convenience? Or maybe some other reason, such as more variety, easy comparisons, no crowd, or...
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10 Reasons A Retailer Would Be Crazy To Lead With Price
If you want to compete on price, think, think again. Not only are there are many, many bigger competitors that are already offering low price strategies that you would find hard to meet, you are...
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Price? Convenience? Selection? Why Do 43% Of UK Internet Users Plan To...
According to a recent article in eMarketer.com, 43% of UK holiday shoppers (who are already internet users) say they are going to shop online this holiday season, as opposed to shopping at malls or on...
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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...
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Research On Holiday Pricing Patterns At Amazon, Zappos & Macy’s Unmasks Some...
Here's an interesting take on some Big Retailers' Holiday Season Pricing Patterns: "How to snag a bargain over the holiday shopping period," on Tamebay, by our newest guest blogger, Chris Dawson. Chris...
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How Retailers Are Pricing For Profit No Matter The Season
"Bah humbug", said Ebenezer Scrooge -- until he was shown vignettes of his Christmas past, present, and future (in Charles Dickens' novel, A Christmas Carol). This year, it seems that retailers, with...
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How NRF Members Are Ending Overstock & Understock Nightmares While Maximizing...
As thousands of retailers descend upon the NRF Annual Convention & Expo this week in New York, whether big or small, they all have at least two things in common: 1. The myriad challenges of...
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An Exclusive: Reasons Why Online and Instore Retail Prices Should Be the Same
Upstream Commerce had the privilege to interview Chris H. Petersen, PhD, Retail Research Expert and Founder of Integrated Marketing Solutions, about his recent article: "Should retail prices in stores...
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Why Predictive Analytics Have Become Essential Technology For Retail Profit
Predictive analytics have quickly become an essential technology solution that retailers are eagerly adopting to compete and survive in today's marketplace. Predictive analytics solutions let retailers...
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Is It OK To Lower Prices To Generate More Volume?
Clients often ask me if it makes sense to lower prices with the hope of improving profit via volume of products sold. I usually tell them that lowering prices in order to sell more volume is not...
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