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What is Everyday Low Pricing?

If the phrase “everyday low pricing” (EDLP) rings a bell, you probably know that this is the pricing strategy that Walmart used to become a retail powerhouse. Amazon followed shortly thereafter and brought the EDLP strategy to eCommerce.

It’s easy …

May 20, 2020

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What is Product Cannibalization?

Launching a new product or version of an existing product is one of the most exciting parts of competing in retail. Creating something that excites consumers and takes market share away from competitors? That’s hard to beat.

Of course, there’s …

May 5, 2020

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What are Retail Markdowns?

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need …

April 7, 2020

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What is Charm Pricing?

There’s a reason why it’s hard to go shopping and come home with only one item. (Well, to be honest, there are likely a few reasons for that).

The one we’re focusing on here is charm pricing. Charm pricing is …

March 17, 2020