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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 Visual Merchandising?

In the restaurant business, there is a saying that goes, “People eat with their eyes first.”

That means that even if the food is cooked perfectly and is delicious, a bad presentation can put someone off before they even try …

May 14, 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 …