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Is EDLP a better strategy during tough times?

Inside Retail

While sales might be up for brands that adopt a high/low pricing strategy like JB HiFi, their bottom line isn’t looking so rosy. Going all-in on EDLP In its purest form, prices don’t fluctuate within an EDLP strategy. But that doesn’t mean clearances and other disruption tactics are out of the question. EDLP not for you?

Strategy 259
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How The Reject Shop’s merchandise strategy adapted to the cost-of-living crisis

Inside Retail

We work hard to keep our overall costs of doing business low so we can maintain our price advantage versus other retailers,” said Eshuys. The Reject Shop’s low-cost operations combined with the ongoing success of its merchandise strategy are intended to set the retailer up for success despite macroeconomic conditions.

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What brands can learn from the Béis Wash marketing strategy

Inside Retail

The same factor that attracted many consumers to Béis, and its point of differentiation from other luggage brands, namely its minimalist design in monochromatic tones, led some customers to complain that the product looked dirty after use. The team and I ask each other, what would make it easier when I leave the house?” Mitchell added.

Strategy 246
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Why consumer spending in one retail category is outpacing all others

Inside Retail

As retailers gear up for peak season, many are fine-tuning sales strategies as shoppers’ spending capacity and preferences change. At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. Here are just some of the trends.

Other 147
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The Personalization Playbook: 2024 Strategies

The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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Can the ‘Back to Starbucks’ strategy reverse the company’s fortunes? 

Inside Retail

“As a result, some are visiting less often and I think today’s results tell that same story,” he said in an announcement, adding the company needs to fundamentally change its recent strategy to be able to improve its performance. The post Can the ‘Back to Starbucks’ strategy reverse the company’s fortunes?

Strategy 130
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How Airbnb, Taco Bell, other businesses are aiding California wildfire victims

Inside Retail

Other brands, such as beauty company Glow Recipe and accessories and apparel brand Brandon Blackwood, are donating their products to provide comfort and care to those in need. As long as retailers approach the situation with genuine concern, empathy and a heart for helping others, there’s really no bad move here.

Other 130
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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Let's set the record straight: in-store retail isn't dead - it's evolving!