Cantaloupe Inc’s Post

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Everyone loves a framework, right? Price elasticity is often mentioned in relation to pricing retail products. Here's a handy framework, together with a worked example, of how to apply it in your retail business. Adam Barrowcliff Damon Bryan Thomas Hill HyperFinity

This case study examines the impact of digital kiosks in grocery stores, focusing on Jim Moore's, a major Canadian grocery chain. We analyze the benefits kiosks offer to customers, operational advantages for stores, and potential challenges to consider. https://lnkd.in/eEi_Rdsv

Good measurement is critical to getting the most out of Performance Max. Listen to Wes, our co-founder, talk about the importance of getting the basics right. Want to learn more about optimising Performance Max? Sign up for our webinar here: https://bit.ly/3tyeDCJ.  #PPC #eCommerce #Retail #PerformanceMax

Back to basics & trying to win the hearts & minds of our customers. Having completed Customer Round Tables in my store, it brought me back to one of the first books I read as a first time manager (if you know the book, yes I am that old🙈) & it reminded me of 2 “Secrets” 1) do not pay/bribe customers. My first table wasn’t as fruitful as I would have liked. This was because I provided hot drinks & a great selection of our in store sweet treats. Trying to get our loyal customer base to tell us what they were dissatisfied with was difficult. They wanted to lavish us in praise as they thought that’s what we wanted to hear. Lesson 1: Useful participants are the ones willing to give up their time. “Praise has very little value in making you customer driven” 2) targeting our loyal customers is biased. We are speaking to the people who have decided to shop with us “they do not include people who prefer to shop elsewhere” Lesson 2: I’m heading to my competitors with my invites next time. One morning a week spent talking to their customers. Asking how I can make them mine? So no matter how long in the tooth you are, or how many podcasts or TedTalks that are created, sometimes dusting down a very old book and re reading it brings much more value.

Curious how automation helps prepare your grocery chain for the future? Download our whitepaper here:

🛒 Elevate your fresh retail game with RELEX Solutions's guide on achieving the perfect balance. Explore how retailers can optimize order accuracy, streamline store operations, and embrace long-term planning for sustained success. Uncover the secrets behind reducing spoilage, improving availability, and ensuring profitability in the ever-evolving grocery landscape. Give the guide a read and stay ahead of the curve! #Retail #SupplyChainManagement #inventorymanagement 

Check out Patrick O'Mara's latest article on Convenience Store News, "Uncovering Hidden Pain Points in C-Store Pricing & Promotions." See how convenience stores can optimize their pricing strategies and promotions for better profitability. Don't miss these actionable insights!

Pricing Strategies for Retail Success! Struggling to find the sweet spot between maximizing profits and attracting customers? This article by AlicePOS dives deep into effective retail pricing strategies, helping you optimize your pricing model for long-term success. Discover how to: - Understand customer psychology and price based on value perception. - Implement competitive pricing strategies to stay ahead of the curve. - Leverage dynamic pricing to adapt to market fluctuations. - Craft effective promotions that drive sales without sacrificing margins. Ready to unlock the power of strategic pricing? Head over to alicepos.com and learn how AlicePOS can help you streamline your pricing strategy and boost your bottom line! #retailpricing #profitability #alicepos

Interesting story about how the self-check stations at retailers are becoming less popular and are resulting in increased inventory shrinkage. Additionally, they are reducing the "personal" touch when shopping. What say you? Are you a fan of self-check stations when you pay at retailers?