Decoding Price Elasticity to Unlock Revenue and Minimize Risk
It’s no secret that there has been a shift in shopping behavior due to growth in millennial spending power, aging of baby boomers and the growth of online shopping. These changes are impacting pricing and demand, and are creating a disconnect for retailers and brands between what they’re charging and how much consumers will actually spend. First Insight recently released a study, Decoding Price Elasticity to Unlock Revenue and Minimize Risk, which examines how retailers can best price a category to meet demand while protecting margins and avoiding excess inventory.
Source: Total Retail Read Full Story: Price Elasticity