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Crisis Highlights the Savings Potential of Using Electronic Labeling in Retail (Analyst Opinion)

Published by: Datamonitor

Published: Jan. 14, 2009 - 129 Pages


Table of Contents


DATAMONITOR OPINION
Catalyst
Summary
Comment
Disclaimer

Abstract

Introduction

VAT cuts and unprecedented numbers of pre-Christmas sales cost retailers millions to make price changes.

Scope
  • A VAT cut and record levels of pre-Christmas discounting have left retailers struggling to maintain up-to-date prices on the labels or at the shelf.
  • It is not unusual for price changes to cost grocers thousands of pounds a week over the Christmas period
  • Minimizing price change costs could be the difference between whether or not a retailer goes bust in 2009
  • Electronic shelf labeling enables retailers to change the prices at the shelf at zero cost.
Highlights

The cost of pricing is a burden that retailers can ill afford, and the situation is worsening. Snap-decision price changes will remain a feature as retailers fight to keep prices competitive.

Reasons to Purchase
  • Understand the impact of price changes retail costs
  • Read how technology could have saved retailers millions of pounds over the Christmas period


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