Competitive Pricing

3
Feb

February 2017 Competitive Price Report

February 2017 Competitive Price Report The RW3 Competitive Price Report is designed to share data and analysis on prices for select products at a variety of retailers in markets across the country. Each month, the report will present information on popular selling SKUs, a special category focus that reviews both total category assortment and sales items and a section on

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1
Feb

Could New Regulations Hinder Digital and In-Store Pricing Strategies?

The New Regulatory Side of Pricing Online & In-Store Online sellers have never had so many tools available to them from pricing algorithms to data collection technologies; however, on their journey to find that perfect price they might need to make a quick pitstop at their state’s federal courthouse. Let me explain. In the new world of the Internet of

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6
Jan

January 2017 Competitive Price Report

January 2017 Competitive Price Report RW3 Competitive Price Report is designed to share data and analysis on prices for select products at a variety of retailers in markets across the country. Each month, the report will present information on popular selling SKUs, a special category focus that reviews both total category assortment and sales items and a section on price

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29
Dec

New Detours Ahead Along The Path To Purchase

New Detours Ahead Along The Path To Purchase We all know how difficult it can be getting a product on the shelf and into the shoppers’ basket. Today, traditional shoppers have changed the traditional path to purchase, by making the buying process an omnichannel experience and utilizing the internet and mobile apps to find the best value. Shoppers have always

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5
Dec

The Millennial Shopper Loyalty Is Up for Grabs, Are You Ready to Capture It?

Millennial Loyalty Is Up for Grabs, Are You Ready to Capture It? As the dust settles on 2016, we’re seeing the elusive millennial shoppers slowly reshaping their buying habits and starting to exhibit similar buying patterns to their predecessor, Generation X. And it’s just in time for today’s retail grocers… Why the Delay? The millennial generation (born 1977-1994) has experienced

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9
Nov

Is a Subscription Service Right for Your Retail Grocery Store?

Is a Subscription Service Right for Your Retail Grocery Store? It’s Sunday afternoon and it’s time for your shoppers to start grocery shopping but instead of driving to the store and making sure they bring the bags in this time, your customers log onto your website, select the items they need for the week, and then hit order and “subscribe.”

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1
Nov

Is Today’s Consumer Ready for Dynamic Pricing While Grocery Shopping?

Is Today’s Consumer Ready for Dynamic Pricing While Grocery Shopping? You were going to lower the price on turkeys the day before Thanksgiving, but suddenly there’s a rush and you decide, instead, to raise the price a hair, meaning more profit on the turkeys you sell today than you made in the first week of selling them. Meanwhile, one brand

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10
Oct

Growing the Basket Through Digital Strategies

Growing the Basket Through Digital Strategies  The end goal of any pricing strategy is to fill a shoppers’ basket with as many SKU’s as possible. Doing that requires not only the right marketing mix, but pinpoint pricing to increase impulse purchases and innovative digital strategies that offer a one-of-a-kind in-store shopping experience. It all adds up to creating value, convenience and

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26
Sep

Attending the 2016 Professional Pricing Society Fall Pricing Conference?

The Value of Competitive Pricing  Any marketing expert can tell you that pricing is the cornerstone of any successful marketing strategy but with consumers demanding pricing transparency it’s becoming more difficult to deliver that best price while also growing revenue. The 2016 Professional Pricing Society Conference and Workshops are sure to help pricing managers and analysts improve on their strategies and learn new pricing tactics moving

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19
Sep

Offsetting Deflation with Competitive Pricing

Offsetting Deflation with Competitive Pricing Farmers are struggling. Dairy farmers are dumping milk in fields and the U.S.D.A. is buying $20 million worth of cheese for food banks, while commodities like eggs and corn also continue to drop in price. As the Wall Street Journal reports the worst deflation in food prices in years, Grocers have to find ways to

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