Notice the sign? (The price on the pack, unlike the price tag on the shelf). Price marked products have been gaining ground in the staples and impulse buying categories, particularly amongst independent retailers. Consumers are fatigued by the pricing tactics of retailers. The cost of living crisis, a permanent feature of our lives, is creating an opportunity for price transparency, and a clear sign that advertises product price also allows consumers to gauge real offers and price markdowns.
Kishore Budha’s Post
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📦 Did you know only 9% of the UK's top 100 retailers offer flexible return and exchange options? Customers value convenience—rigid return policies could drive them away. Is your brand making it easy for them to come back? Discover post-purchase insights from the UK’s top 100 retailers: https://lnkd.in/g-vMvjFT
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With retail prices on the rise, it’s crucial to keep consumers from feeling the burn of inflation. So how can DTC brands stay smart about discounts and price cuts, and still remain profitable? The folks at Industry Drive put together a fantastic (and free) playbook that will answer many of the questions that DTC brands have during a tumultuous time, such as: 👉 How can DTC merchants navigate the instinct to discount products to stay competitive? 👉 Where and how should the consumer feel the impact of inflation? 👉 How can DTC brands create value for full-price customers? Get it here 👉 https://lnkd.in/giWcGEh9 #dtcmarketing #dtcpricingstrategy #dtcmarketingstrategy #dtcmarketing
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Retailers use these categories 👇 to DRIVE VOLUME, usually with an irresistible deal to grab shoppers' attention. Actions if your category's on this list: 1. Drive impulse with great value, great offers to stock up 2. Trigger at shelf or off location 3. Make shelf visible / easy to find for specific need or infrequent purchase If you want to see where your category sits on these rankings, type "yes" in the comments 👇
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What if there was another way to market? Smaller brands already struggle with the pay to play promotions just to get placement with larger retailers. Rising costs of manufacturing and the layers of distribution create pricing nightmares. What would you do with a different strategy to get sales without adding to the inflation woes? Get to market at a price consumers can afford. Curious? DM me "BRAND" and let's jump on a discovery call today.
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Discover how grocery retailer margins in the FMCG/CPG industry affect the final price consumers pay in this informative video. You'll also learn how to create a basic P&L, an essential skill for any sales or marketing professional. This video is a free preview of our Marketing Strategy course, which you can purchase at https://lnkd.in/gRY7HdPT #fmcg #cpg #marketing #grocery https://lnkd.in/gspw8GJm
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CPGs Lean Into Promotions
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