With Black Friday about a week away, retailers are pulling out all the stops with their pricing strategies. The company 360pi, which analyzes product and pricing data, recently examined the pricing numbers for power tools at Amazon, Home Depot and Lowe’s. According to …
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Earlier this week, 360pi, a retail price and product intelligence company, announced a partnership with True Value. According to a press release by 360pi, the company “will provide True Value with competitive pricing intelligence spanning 50,000 branded and unbranded products …
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Online storefronts are gaining a pricing advantage over bricks-and-mortar retailers, but that’s not always the case with the home improvement industry, according to a study conducted by Chicago-based marketing firm Anthem Marketing Solutions. The analysis found that 70 percent of …
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Zone pricing at the big boxes continues to be one of the biggest challenges for independent retailers in terms of determining a profitable pricing strategy that will work for their stores. The motivations behind why the big boxes are opting …
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There are several marketing strategies you as an independent retailer can use to your advantage when it comes to pricing. Read about three below: Establish a Price Image First, take a step back and look at the big picture. What …
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Here’s how you can make the most out of your store’s price matching policy: 1. The Price is Right.Before you start to advertise price matching, be sure you are priced right on high-profile departments and items. Take some time to …
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Independent home improvement retailer Keith Payne will be featured in an upcoming episode of MSNBC’s weekly “Your Business” TV show. Payne, owner of Indianapolis-based North Meridian Hardware, will appear in a segment scheduled to air later this year. “North Meridian …
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Consider this advice from these retailers who have mastered special orders. Have someone take charge “Any employee can place an order on the special order list, but we have one person to do all the ordering and another to do …
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