ShopKeep’s very own VP of Product, Drew Schwartz was recently featured in some research on the best retail pricing strategies carried out by Software Advice.
Here’s a brief rundown of the key findings of the survey:
- Discount is the most popular pricing strategy for retailers across all sectors, used by 97 percent of survey respondents.
- Discount, below competition and bundle are the most effective pricing strategies for the top retail sectors surveyed (department, specialty, grocery and e-commerce).
- A majority of respondents (51 percent) use software to manage product pricing; 39 percent of these use a standalone pricing application.