How to set fashion prices that fit
As fashion gets faster and more global, it’s also getting more complex and competitive. Many apparel retailers and brands struggle with decisions about which numbers to put on their price…
Deep Discounts or Everyday Low Prices: Which Strategy do Consumers Prefer?
If you’re a retailer in the twenty-first century, chances are that you’ve come across the terms ‘deep discounts’ and ‘everyday low prices.’ Convenience stores, e-retailers, and brick and mortar stores…
Track Competitor Pricing in Real Time Using Intelligence Node
Competition is the baseline according to which pricing -if not most retail strategy- is often defined. Recognizing your target customers’ needs and demands and acting on them quicker than your…
How Incompetitor Can Save You Time Spent On Manually Tracking Competitor Products
Introduction In the world of ecommerce, there is so much going on that it’s hard to keep track of everything. You should be aware of what your competition offers while…
3 Ways a Price Optimization Platform Enables Accurate Pricing Strategy
Price is generally driven by three external factors: the market, demand, and supply. A deep understanding of how these factors impact pricing is critical to developing a pricing strategy that…
Manually Tracking Competitor Pricing Vs Automated Solutions
In 2023, with a huge chunk of retail activity taking place through online platforms, Global eCommerce sales are expected to grow 10.4% in 2023, totaling $6.3 trillion this year. – and…
How To Provide Better Pricing Than Your Competition Without Jeopardizing Your Brand
Regardless of the industry, a business operates in, even if it’s relatively new or small, a careful research will reveal two or more competitors. Their existence immediately changes the playing…
How Often Should You Adjust Your Pricing?
Every business that seeks to achieve maximum levels of profitability needs to think carefully about its pricing. Specifically, it needs to think about how often to change its prices. Once…