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Infiniti Research is a leading provider of business intelligence and visitor responses. With over 15 years of experience and experience in more than 50 sectors, our strategic approaches and responses are offering our consumers a competitive edge. Infiniti’s research experts recently announced their latest commitment to success with competitive pricing strategy with a fashion retailer. To be more informed about this commitment, read the article here.
This multimedia press release. See the full edition here: https://www.businesswire.com/news/home/20200805005634/fr/
Competitive Pricing Strategy for a Fashion Store (Chart: Business Wire)
“With the growing popularity of online shopping, the festival in the fashion retail market is increasing. This forces fashion stores to monitor their competitors’ pricing methods while setting the costs of their products,” says an industry expert. En Infiniti Research. For more information about our portfolio of solutions, request more data.
Business Challenge:
The visitor is a fashion store founded in Germany. They faced losses for two consecutive years due to their concentration on cost reduction, rather than gaining visitors and expanding revenue. For visitor retention, the visitor began offering discounts that seriously affected their profit margin. Moreover, this has led to wars of value with competitors. To succeed on these challenges, the consumer sought to leverage Infiniti’s expertise in a competitive pricing strategy. This strategy would also help them determine the value of their new products, avoid the loss of the market percentage and perceive the pricing methods of their competitors.
Our approach:
Infiniti experts developed a comprehensive technique for the fashion retailer, which included:
A market and follow-up research to analyze the points that affect product demand.
A competitive intelligence to analyze the value strategies, business models and percentage of the fashion market of major fashion retailers.
A commitment to a competitive pricing strategy to assess differences in value between visitors and competition.
A market segmentation analysis to separate target teams on purchase behavior, spending behavior, and logo value.
Infiniti experts have the expertise and experience to deliver practical, strategic and actionable competitive pricing strategies. Talk to our experts for more complete data on the fashion retail industry.
Commercial result:
Infiniti’s competitive pricing strategy solution has allowed the visitor to expand dynamic pricing methods while frequently following competitive pricing methods and adjusting their costs accordingly. Through the dynamic pricing strategy, the visitor was also able to make adjustments based on the market place call and maximize profits. The competitive pricing strategy has also helped reduce consumer loss and the percentage of market acceptance for visitors. The visitor was also able to adopt cost-effective methods of reduction and market placement, maintain the percentage of market placement and increase sales by 21%.
To be more informed about how Infiniti is helping consumers in the fashion industry succeed on their unique market challenges, request a flexible proposal.
About Infiniti Research
Founded in 2003, Infiniti Research is a leading business intelligence company that provides the right answers to meet your company’s challenges. Infiniti Research studies markets in more than a hundred countries to analyze competitive activity, even beyond market disruptions and expand smart business strategies. For more information, visit: https://www.infinitiresearch.com/about-us
See the businesswire.com edition: https://www.businesswire.com/news/home/20200805005634/fr/
Contacts
Infiniti ResearchAnirban ChoudhuryMarketing Manager United States: ‘1844778 0600UK:’ 44203893 3400https: //www.infinitiresearch.com/contact-us