29Mar

Clear Demand Presents Fundamentals of Retail Science: Episode VI (Intricacies with Regular Price)

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  • economic demand, Price Image, regular price optimization
This will be the final chapter covering the ‘fundamentals’ of retail science.  We have a foundation established and we will move on to more complicated topics going forward.  In the meantime enjoy this entry discussing the intricacies of regular price optimization. Retail science encompasses five basic areas, regular price, promotion, markdown (clearance), assortment, and replenishment. […]
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07Feb

Five Ways to Maximize Your Investment in Price Image

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  • jim sills, Price Image
    Retailers feel caught between a rock and a hard place. They know that competition is fierce and that they must lower prices to retain and attract shoppers. At the same time they face pressure from shareholders to raise prices to deliver stronger margins. History has shown that retailers who indiscriminately raise or lower […]
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01Feb

Clear Demand Presents Fundamentals of Retail Science: Episode III (Regular Price Optimization in Retail)

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  • elasticity, Price Image, regular price optimization, retail
Welcome back.  We continue our education series leveraging our expertise in retail science.  These posts will be made regularly and can be considered useful guides for retail practitioners. This week we dive into the basics of regular price optimization. INTRODUCTION Most retail business is regular-price sales. Regular price optimization allows retail science to concentrate on the […]
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