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On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

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Morrisons has announced it is launching one of its “biggest” price cuts in recent years by reducing prices on over 500 products and introducing new multi saves. 

As part of the campaign, Morrisons has cut the price of a quarter of its 235 entry level products which include ‘Morrisons Savers’, ‘Morrisons Wonky’ in produce and ‘Morrisons Essentials’ in homeware and health and beauty.

The lower prices cover 6% of Morrisons total volume sales with products from all across the store being reduced. Items cover cupboard essentials, fridge staples and frozen items. 

Morrisons said the average saving is 13% with “key” volume lines being eggs, baked beans and rice. 

Additionally, individual items such as coffee and nappies are also included within the cuts as well as the key ingredients needed for packed lunches or evening meals.

David Potts, Morrisons chief executive, said: “We know that our customers are under real financial pressure at the moment and we want to play our part in helping them when it comes to the cost of grocery shopping. These price cuts will have a noticeable and long term impact on our customers’ budgets.”

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