Trade promotions driving down prices to compete for cash-strapped shoppers could cause retailer-supplier acrimony down the line without process automation, warns Retail Express. “Fierce” competition for cash-strapped shoppers among retailers was cited by the British Retail Consortium (BRC) in February 2024 as one of the main reasons for the BRC-Nielsen Shop Price Index showing its lowest reading since March 2022[1]. However, Retail Express SVP warns of retailer-supplier …
27th July | 3 min read The cost-of-living crisis, with inflation running at its worse rate in decades, is having a major impact on retail. While the chancellors’ £15bn package is welcome, one retail veteran described it as “a drop in the ocean[1]”, as inflationary pressures are set to put a squeeze on household budgets and therefore on retailers’ profits for months to come. Difficult decisions will …
12th December 2016 | 2 min read Retail Express is pleased to announce the extension of its PREDICTIVE PRICE MANAGEMENT SOLUTION with a series of enhancements to provide auto pricing with ‘multi level’ rules to complement the existing rule and constraints processing; this allows the Rules to be conditional based on circumstances at the time with a user defined priority sequence with multiple constraints possible at each …