When Was the Last Time You Updated the Pricing and Inventory Structures at Your Business?


Graduation weekend parties are in full swing so it is important to make sure that you are ready with the obligatory cards, and the occasional gift. In a time when so many of us shop online, graduation season can present a challenge. This means, of course, that many people find themselves looking for a last minute gift in an actual brick and mortar store. When it comes to the actual shopping process, however, it is important to make certain that you are aware of the kind of gifts that you are looking for, as well as the prices that you will have to pay.

In the past, every product would be labeled with a sticker that would indicate the exact price of what you are asked to pay. Today, however, with the use of the latest retail price tag software businesses can have digital prices on the shelves that reflect the latest sales and discounts. This shelf-edge promotional strategy offers a way for businesses to let consumers understand what they will need to pay for any item that they are interested in. In the largest of sores, wholesale retail price tags are sometimes positioned above or below large pallets of products. This means, of course, that it is especially important to make certain that every consumer is able to know how much they will spend on the items they are most interested in.

Retail Price Tag Software Also Helps Track Inventory Needs

The latest merchandising solutions offer a way for consumers to stay well informed, in addition to helping the retailer track the need for ordering extra inventory when needed. The latest marketing research indicates that between six and 10 purchases in a store can be classified as impulse purchases, it is important that all of the merchandise that is offered in in its place and well displayed. Even in a time of so much internet spending, the latest research also indicates that as many as 94% of all retail sales take place within the confines of a physical store. This means, of course, that these retailers need a way to accurately reflect the current price of merchandise, as well as the updates that are needed to keep inventory current.


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