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

Adrien Henni / E-Commerce

Russian's new data law: What e-commerce firms need to know

All personal data must be stored in Russia, and not in cloud servers elsewhere. Here ...

FPO

Anna Kuzmina / E-Commerce

An introduction to online payments in Russia

Russian shoppers use a variety of domestic e-wallets quite often when shopping online, a result ...

Advertisement