Retailer Benchmark 2023: Price Optimization

“Am I managing prices for the health of my business?”

 

5 Ways the Right Pricing Disciplines Make Retail Business Healthier

 

Grab this handy infographic for a quick self-assessment. Then guide your team to discuss these five crucial questions about your current price optimization practices:

1. Do we read the right signals?
2. Do we measure elasticity and use it to inform decisions

3. Have we defined our business case with rigor?

4. Do we model the right shopper behaviors?

5. Do we have a firm grasp on margin/sales tradeoffs?

This DemandTec infographic can be a valuable – and visual conversation starter for your professionals.

 

It’s free to download.