June 1, 2007, 12:00 AM

When is the price right?

(Page 3 of 3)

Smith adds that Goody’s is beginning to gain from the price optimization system better insight into overall product demand curves, which in turn may lead to improvements in how Goody’s works with suppliers to deliver products that will produce the highest margins and sell-throughs. “It’s opened our eyes to other ways of managing and understanding our entire demand curve and understanding the changing elasticity of it,” Smith says.

paul@verticalwebmedia.com

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Deepak Agarwal / E-Commerce

Back-to-school insights from a Top 100 online retailer

It’s the second-largest online shopping season, and one nomorerack.com CEO pays close attention to. Here ...

FPO

Kevin Sterneckert / E-Commerce

The ghost economy: an $800 billion retail data disconnect

A new twist on a classic holiday story that online retailers will relive in the ...

Advertisement