It’s no secret that there has been a shift in shopping behavior due to growth in millennial spending power, aging of baby boomers and the growth of online shopping.

These changes are impacting pricing and demand, and are creating a disconnect for retailers and brands between what they're charging and how much consumers will actually spend. First Insight recently released a study, Decoding Price Elasticity to Unlock Revenue and Minimize Risk, which examines how retailers can best price a category to meet demand while protecting margins and avoiding excess inventory.

Read the Full Article at Total Retail

November 8 2017 by Greg Petro

retail dynamic pricing Reduce Markdowns Featured Pricing price elasticity

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Decoding Price Elasticity to Unlock Revenue and Minimize Risk

What Retail Executives Say About Supply Chain Disruption: Shortages, Pricing and Delays