Pricing in retail is not one-and-done. It needs to change over time, as inventory ages and demand changes. In order to make that a reality, retailer leaders turn to price optimization. With the help of our partners at Forecast Horizon, we’ve written up a whitepaper titled, 5 Essential Facts to Boost Margins with Price Optimization.
Here is a summary of the tips you’ll find in the whitepaper:
- What some retailers are currently doing to optimize prices
- The downfalls that can occur when prices are unoptimized
- Why each store needs to be treated uniquely
- The moving parts that are required to do price optimization properly
- What to include in a price optimization strategy
Ready to get your price optimization plan in order? Download your copy of the 5 Essential Facts to Boost Margins with Price Optimization today!
Need better data to inform your decisions? Whether in-store or online, Wiser has you covered from pricing to assortment to promotions. Schedule a meeting today to learn how to turn retail data into action.