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Tag: Dynamic Price Tag

Dynamic pricing in the new economy: Data up for grabs | The Straits Times

Dynamic pricing in the new economy: Data up for grabs | The Straits Times

Q Does dynamic pricing increase efficiency? A Dynamic pricing has caught the attention of many Singaporeans as digital technology continues to disrupt traditional industries. Consider the taxi industry. With the recent announcement by ride-hailing app provider Grab to offer taxi fares that vary throughout the day, it is timely to consider whether dynamic pricing is […]

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

How dynamic pricing and automated inventory impacts customer experience | Essential Retail

Because customers often don’t distinguish between channels, customers expect the same products, prices, services, offers and promotions whether they are online, instore or on their mobiles. It’s therefore vital that fashion retailers ensure their propositions and consumer experiences are consistent across all channels. The challenge here for many fashion retailers is how to ensure this […]

Will personalized pricing end retailers’ use of dynamic pricing? | RetailWire

Will personalized pricing end retailers’ use of dynamic pricing? | RetailWire

While sometimes used interchangeably, dynamic and personalized pricing are not the same thing. In dynamic pricing, the price generally changes according to variables specifically not customer-related. Prices might be altered based on time of day, available supply, competitors’ prices, or maybe, just maybe, the volume of traffic to a product detail page. The price may […]

The Future of Retail: Electronic Shelf Labels Market Will Increase 10-Fold in Next Five Years | Yahoo! Finance

The Future of Retail: Electronic Shelf Labels Market Will Increase 10-Fold in Next Five Years | Yahoo! Finance

OYSTER BAY, New York, March 28, 2017 /PRNewswire/ — As retailers increasingly struggle to effectively match online pricing, digitize their physical stores, meet new order fulfillment models, and streamline the shopping experience, electronic shelf labels (ESLs) are gaining market momentum. ESLs will hit the mass market and accrue more than $4 billion in global revenues by […]

Putting dynamic pricing back on the shelf | Elixirr

Putting dynamic pricing back on the shelf | Elixirr

Some European retailers have rolled out “version 1” solutions. In France, the move to the Euro and the requirement for dual pricing, as well as high labour costs led to the emergence of the Casio-watch style ESL. Customers quickly deemed it unattractive and inferior to colour printed labels. And it’s also been slow to catch […]

Smart Shelves Track, Dynamically Price The Products On Them | MediaPost

Smart Shelves Track, Dynamically Price The Products On Them | MediaPost

One of the more interesting, from Powershelf, is even marketed as a service through a partnership with Hitachi. In that case, the retailer would get the shelves along with all the associated capabilities without an actual purchase of the shelves. The shelves, essentially an entirely networked device, provide for electronic price tags placed in front […]

Electronic Shelf Label Market Growth Driven By Increasing Demand for Enhanced Operational Efficiency in Retail Industry | openPR

Electronic Shelf Label Market Growth Driven By Increasing Demand for Enhanced Operational Efficiency in Retail Industry | openPR

Electronic shelf label system is an emerging system used for displaying products pricing on shelves. Electronic shelf label system uses electronic paper (E-paper) or liquefied-crystal display (LCD) to show the product price to the customer. Electronic shelf label uses wireless communication networks such as radio, and infrared technology for communicating with the back-end database. Moreover, […]

Savvy Watch Boosts Holiday Conversions with Personalized Pricing | MultiChannel Merchant

Savvy Watch Boosts Holiday Conversions with Personalized Pricing | MultiChannel Merchant

In the hyper-competitive world of ecommerce, merchants need any kind of an edge they can get. Pricing is one of the most critical areas as many online shoppers are price sensitive and deal-savvy, jumping quickly to another site with an offer that’s a few bucks cheaper. Savvy Watch, an ecommerce seller of top timepiece brands, […]

Retailers’ use of dynamic pricing skyrockets | Toronto Star

Retailers’ use of dynamic pricing skyrockets | Toronto Star

Most dynamic pricing is happening online because in a bricks-and-mortar store it’s impossible to reprice hundreds of items by hand several times a day. While there are electronic shelving products available that can do so, they are not widely used in North America. Dynamic pricing can be a huge money-maker for retailers, say experts, but […]

Electronic Shelf Label Market – Global Industry Analysis, Share, Growth, Trends, Forecast Upto 2024 | openPR

Electronic Shelf Label Market – Global Industry Analysis, Share, Growth, Trends, Forecast Upto 2024 | openPR

Electronic shelf label system is an emerging system used for displaying products pricing on shelves. Electronic shelf label system uses electronic paper (E-paper) or liquefied-crystal display (LCD) to show the product price to the customer. Electronic shelf label uses wireless communication networks such as radio, and infrared technology for communicating with the back-end database. Moreover, […]