Do YOU Know When It Is OK to Raise Prices?

Having a superior pricing strategy and implementing that strategy properly are often the keys to profitability (see, for example, 12, 3).
With this in mind, take a look at the new E-report “2016 Pricing Regroup: To Hike Or Not To Hike” by Retail TouchPoints:
“Retailers know that competitive price intelligence and price optimization are ‘business basics’ in today’s retail environment. Consumers can compare products and prices virtually anywhere via their mobile devices, and because Amazon can shift prices multiple times per day, advanced pricing tools are a must-have for all other retailers. Yet when it comes to implementing the recommendations provided by price optimization tools, many retailers are still skittish. They fear that even a small price hike will send customers scurrying to their competitors. In fact, price is the reason more than 90% of shoppers leave a store to buy from a different retailer.”

 

To access the FREE report, click the image below and fill out the short registration form.

This entry was posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 6: Merchandise Management and Pricing and tagged , , , , , , . Bookmark the permalink.

2 Responses to Do YOU Know When It Is OK to Raise Prices?

  1. Pingback: Do YOU Know When It Is OK to Raise Prices? | Et...

  2. Pingback: Price Optimization in Retailing | Retailing: From A to Z by Joel Evans

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