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Amazon Prime Big Deal Days sales hold steady for other retailers too

Martech

Sales during October ecommerce promotions this week held steady with last year’s pre-holiday boost. Although Amazon’s deals were exclusive to Prime members, retailers in many categories offered similar deals that boosted sales, according to data from Salesforce that measured non-Amazon ecommerce retailers. In the U.S.,

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Pricing Erosion: Definition, Causes, and How to Avoid It

TrackStreet

In a competitive industry for a specific type of product or service, businesses often engage in pricing wars that lead to a steady decrease in the value of goods. This devaluation is called Pricing Erosion. Now you’re wondering: Is there more to the definition of Pricing Erosion? What is Pricing Erosion?

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Google Merchant Center: Using product data to boost your retail efforts

Search Engine Land

It offers free analytics on product performance, pricing, demand and more. This article shows how to extract these insights to make smarter inventory, pricing and assortment decisions. This data can be loaded into BigQuery as described in the Merchant Center price competitiveness table schema. Price updates.

Retail 93
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How to Make Your Retail Execution Budget Pay Off

Salesforce

The consumer goods (CG) industry spends $200 billion each year to promote products in stores. But 90% of companies fail to deliver on their retail execution strategy! Margins are tighter than ever as changing inflation and supply chain issues make it harder to price items affordably and keep them in stock.

Retail 59
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How to Implement a Promotional Pricing Strategy the Right Way

Hubspot

If your business hits a wall like that, particularly if you're in retail or ecommerce, you might just need to generate some quick demand and spur consumer interest. One of the best ways to do that is through a practice known as promotional pricing. Here are some of the more prominent examples of promotional pricing.

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Best of the Bot: Create a Facebook post promoting Black Friday deals

Search Engine Land

Visit Dublin Rocks & Minerals at [store address] and get ready to indulge in the magic of crystals at unbeatable prices. How this prompt could be improved You are a veteran-owned retailer that sells unique high-quality minerals, crystals, and handcrafted jewellery sourced from around the world. See you there!

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Planning Your Cyber Week Pricing Strategy? Let AI Lead the Way

Salesforce

Have you heard the urban marketing myth about the 1% Black Friday promotion? A retailer reduced online prices by 1% every time a shopper purchased a particular item. The marketing team thought this retail pricing promotion was genius. Unwrap the holiday guide Why use AI for retail pricing and promotions?

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