Pricing Transparency requires science, art and psychology--STORES Weekly

February 9, 2012 Vol. 3, No. 6 Pricing Transparency Clarity requires science, art and psychology The days of retailers competing solely on price to drive sales and gross margins are history--price transparency factors more heavily in consumer decision-making than ever before. Direct Selling oBaz cuts out the middleman E-commerce site oBaz was originally conceived as an online bazaar, but now the operational model has changed from haggling to peddling. Suited for Sales JoS. A. Bank lifts employee retention and sales with hiring software After deploying a new hiring solution, JoS. A. Bank saw a 27 percent reduction in turnover of retail employees, increased employee productivity and a one- to three-day reduction in time-to-hire. The Shape of Things Radiation-free scanning helps reduce internal shrink Advanced concealed detection technology is emerging as a safe, cost-effective and privacy-sensitive method of reducing shrink. Healthy Checkout--Hy-Vee supermarkets are on board with a plan to retrofit existing checkout lanes by ditching candy bars and chips for healthy options like fresh fruit and nuts. Duane Reade’s Rx for Drug Store Design--The Duane Reade drugstore at 40 Wall Street recently took first place honors at the Retail Design Institute’s 41st annual international awards program.   Free Bytes Entice--McDonald’s decision to introduce Wi-Fi in its U.K. restaurants is paying off. 750,000 customers now use its Wi-Fi across the U.K., double the rate from a year ago. Employee’s Choice Awards--Employees have spoken, revealing the best companies to work for in 2012, with several retailers ranking in the Top 50. Deckers Outdoor Corporation, a global footwear manufacturer, has selected Demandware Commerce to power the online storefronts of its global brands UGG Australia, Teva, Sanuk, Ahnu and TSUBO. Epsilon has appointed Andrew Frawley as president. Brooks Brothers has selected Fluid Inc.'s Fluid Configure product customization platform to offer its online shoppers custom-tailored shirts and suits. Sainsbury’s has selected a workforce management solution from Kronos to control labor costs and improve workforce productivity. Online retailer Quidsi has selected SiteSpect as its multivariate testing and behavioral targeting platform. Follow STORES Media on   Whitepapers The Ups and Downs of Network Availability Optimizing Price in a Transparent World Consignment sales: Market Penetration VS Risk Mitigation Increase Your Hiring Performance with the Ultimate Recruitment Technology Checklist! The Roadmap from Multi-Channel to Cross-Channel Retailing Twenty First Century Merchandising Takes Hold Fifth Annual Supermarket Benchmark Study Floor Planning: Shifting From a Tactical to a Strategic View Cashing in on the Mobile Bar Code Revolution Midmarket Retail Bounces Back Upcoming Events Today's Event! Collaborative Localization: Visibility at the Store Shelf STORES Webinar Thurs, Feb 9 at 2 p.m. Eastern Better Together: Home Depot Canada Leverages Customer Intelligence STORES Webinar Thurs, Feb 16 at 1 p.m. Eastern Our Systems are Down AGAIN? Strategies Behind Highly Effective IT Management in Retail STORES Webinar Thurs, March 1 at 2 p.m. Eastern

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