Chantella Stenvall’s Post

More momentum in discounting and sales to win consumer spending where possible. Even McDoanald’s is extending its $5 value meal. Positive for prices coming down... "In an effort to court customers in a competitive market, online brands and retailers have increased the amount of promo codes they offer. That’s according to new data from AI-powered promo code platform SimplyCodes, which examined nearly 400,000 retailers on the platform from January to June 2024. They found that, on average, retailers issued nine unique codes — an increase of 31% compared to the same period in 2023." #consumer #spending #Consumerspending #Signals #economy #inflation

In an effort to court customers in a competitive market, online brands and retailers have increased the amount of promo codes they offer. https://ow.ly/h4qM50SG3ac #retail #ecommerce #coupons

Third-party online marketplaces are set to be the largest and fastest-growing retail channel globally, accounting for nearly two-thirds of online sales by 2027. This makes them a key revenue driver for retailers. While the convenience and a wide variety of options continue to attract customers, the rising inflation is a concern. In such a scenario, consumers become sensitive to pricing, demanding greater transparency and value from retailers to maintain their trust and repeat business. The key to this challenge lies in pricing excellence. FCC’s competitive intelligence module helps retailers develop strategies that align with competitors’ pricing across platforms, track promotions, and take into account customer sentiments, often presenting a winning solution for retailers. Since it tracks competitors with 98% precision, retailers can expect an uplift in revenue by 3-5%. Want to know more about our pricing solution? Book a call here: https://lnkd.in/gZSepHeE #Retail #Pricing #FCC

Discounts are not just deals; they are a retailer's investment in a long-term relationship with their customers. - 🛍️ A staggering 63% of merchants are now offering discounts for subscriptions, proving that reduced prices are more than a trend; they're a strategy. - 💡 These promotions are not just about attracting new faces; they play a crucial role in creating a loyal customer base. - 🔄 By providing exclusive deals, retailers are not just saving you money; they are fostering a sense of belonging among their subscribers. - 🌱 Loyalty and repeat business are the natural outcomes, growing the retail ecosystem sustainably. How do you think these subscription-based discounts influence your decision to stay with a retailer? #discounts #customerretention #valuemaximization

Check out this article discussing 3P Commerce and the impact it is having on traditional retail. Interesting stuff!

As a retailer or brand, do you want to drive consumer engagement, sales, and profit? Do you want to mitigate supply chain risks? Do you want to get some insights from over 500 executives on The State of 3P Commerce? This report is a short read providing valuable insights across North America and Europe!

📊 New report alert! Today, we are introducing "The State of 3P Commerce Report." Discover why third-party (3P) commerce is disrupting online retail. Download the report here: https://lnkd.in/gHGm9QiH #3PCommerce #OnlineRetail #Marketplaces

What we’re seeing is a significant shift in the way brands and retailers go to market. Our research shows that 3P commerce provides the most business value and opportunity for retailers, brands and suppliers in today’s complex e-commerce landscape. Businesses are embracing the agility that the 3P model provides to meet consumer demands and grow in ways that traditional models simply can’t match. Come check us out Rithum

As consumers shop between e-commerce sites, social media, and apps, third-party (3P) commerce has become a powerful model to help retailers and brands reach a broader audience. Our new report “The State of 3P Commerce,” found that the shift to 3P is accelerating - in fact, 3 in 4 execs deem third-party sales vital to their company’s ability to grow with 59% planning to increase use of 3P selling in the next 12 months. At Rithum, we’re committed to helping businesses unlock the full potential of 3P and drive profitable growth. Read our report below to see how 3P commerce drives value and opportunity for retailers, brands and suppliers in the digital age. Rithum