Pricing
This coverage delves into retail pricing strategies, examining how UK retailers set and adjust prices to balance competitiveness, profitability, and customer perception. Explore approaches such as dynamic pricing, cost-plus, penetration, and psychological pricing, and understand their impact on sales, margins, and brand positioning. Insights are tailored for retail professionals, business executives, and brand managers seeking to navigate the complexities of pricing in a competitive market.
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Oct- 2023 -17 OctoberAdvice
Navigating retail taxation: A comprehensive guide
For retailers in the United Kingdom, understanding and managing retail taxation is paramount to maintaining compliance and financial stability. The UK tax system is complex, with various regulations governing sales tax, income tax, and other related obligations. In this feature, we will provide a comprehensive guide for retailers on how…
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11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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Sep- 2023 -21 SeptemberAdvice
How to optimise pricing strategies: A retailer’s guide
Pricing strategy is a critical component of any successful retail business. It not only determines your revenue but also shapes customer perception and influences their purchasing decisions. To stay competitive in today’s dynamic market, retailers must adopt a dynamic and data-driven approach to pricing. In this article, we’ll explore key…
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Jun- 2023 -14 JuneComment
E-commerce businesses can fight inflation – here’s how
Consumers continue tightening their belts as the cost of living crisis bites. And the outlook isn’t ideal; UK inflation remains stubbornly high, especially compared to the Eurozone and the US. The cost-of-living crisis, combined with the rising cost of raw materials, packaging, transport and labour, is putting insurmountable pressure on…
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Apr- 2023 -28 AprilNews
UK consumers saving cash due to mislabeling, Brother UK finds
UK shoppers are cashing-in on price label blunders, with 41% of consumers having personally saved money on products that have been mis-labelled in-store, or know friends or family that have, according to new research by retail technology provider Brother UK. The study of 2,000 consumers and 250 SME retailers, which…
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Nov- 2022 -3 NovemberHigh Street
Retailers pessimistic heading into peak season, research finds
Over half of UK retailers are concerned about their businesses’ financial performance over the upcoming peak season against a backdrop of inflationary pressures and the rising cost of living, according to new research from Flintfox. It revealed that although three in five (62%) say they will be running Black Friday…
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Apr- 2022 -29 AprilNews
Sales surge at Travis Perkins as demand for housing climbs
Travis Perkins has seen a “positive” start to the year with the increased appetite for housing seeing total sales rise 13.6% from the prior year, according to its first quarter trading update for the three months to 31 March 2022. In the merchanting segment, total sales were up by 17.9%…
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Aug- 2021 -5 AugustComment
Future gazing last-mile delivery
In 2020, there was a significant increase in online shopping. According to an Ofcom report, customers across the UK spent over £110bn last year, a 48% increase from 2019. Whilst this is a relatively recent trend, it shows no signs of slowing down. Our survey found that 85% of online…
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Sep- 2019 -30 SeptemberComment
The benefits of the secondary market
In June, the French prime minister announced a new law that looks to ban the destruction of unsold products. The legislation, which directly tackles the €650m (£576m) worth of new consumer products that are binned or destroyed every year in France, will go into effect within the next four years.…
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