Tag Archives: pricing

Like many facets of retailing, pricing strategy is part art and part science. How a retailer sets prices will have a direct impact on the viability of the business. Here are five pricing best practices that can help new managers …

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in December, after rising 0.3% in November, according to the U.S. Bureau of Labor Statistics. The all items index rose 2.9% for the 12 …

Indianapolis welcomed back Do it Best members, vendors and channel partners for the co-op’s 2024 Fall Market September 6-9.  The focus of the event—and the co-op’s priorities for its next fiscal year—are all related to driving growth for members through …

While the supply chain woes seen during the pandemic have mostly worked themselves out, pricing will always be a priority for independent home improvement retailers. Often, however, pricing strategies in place for other industries don’t fit the needs of the …

Ahead of the Do it Best Spring 2024 Market in Houston, Hardware Retailing had the opportunity to talk to vice president of merchandising Jason Stofleth. Learn more about the co-op’s strategies for helping retailers navigate inventory and increase foot traffic …

If you’re not making price changes today, you may not be in business tomorrow. That’s the stark reality of a market plagued by higher-than-normal inflation and supply chain issues. When cost outruns the shelf price, retailers who fail to keep …

If you’re not making price changes today, you may not be in business tomorrow. That’s the stark reality of a market plagued by higher-than-normal inflation and supply chain issues. When cost outruns the shelf price, retailers who fail to keep …

Understanding how to effectively set prices could be intimidating for a new manager. Like many facets of retailing, pricing strategy is part art and part science. How a retailer sets prices will have a direct impact on the viability of …