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Retailers Feel Pricing Pressure From Consumers And Competitors

Retailers Feel Pricing Pressure From Consumers And Competitors

July 28, 2015 | Pricing

Retailers continue to feel pressure from all sides when it comes to refining their pricing strategies. As many as 55% of retailers noted increasing consumer price sensitivity as a top strategic pricing business challenge in 2015, according to research from Retail Systems Research (RSR). Additionally, 48% of retailers believe increased pricing aggressiveness from competitors is a major challenge, up from 32% in 2014. 360pi, a provider of price and product intelligence solutions, co-sponsored the report, titled: Pricing 2015: Learning To Live In A Dynamic, Promotional World. The report hig...

Movers & Shakers

Walgreens Names Pessina Permanent CEO

Walgreens Names Pessina Permanent CEO

The Walgreens Boots Alliance Board of Directors has named Stefano Pessina the retailer’s new CEO, effective immediately. Pessina had been serving as acting CEO since January 2015, when he succeeded...

Balance Innovations Hires New President And CEO

Balance Innovations Hires New President And CEO

Balance Innovations, a provider of reconciliation and cash office management solutions, has named Darren Knipp its new President and CEO. Knipp’s background includes 12 years at Perceptive Software, where he served...

Jeff Roster Joins IHL As VP Of Retail Strategy

Jeff Roster Joins IHL As VP Of Retail Strategy

IHL Group, a global research and advisory firm, has hired former Gartner analyst Jeff Roster as VP of Retail Strategy. In this position, Roster will oversee IHL’s retailer engagement, vendor...

Mergers & Acquisitions

Walmart Buys Remaining 49% Of Yihaodian

Walmart Buys Remaining 49% Of Yihaodian

Walmart has fully acquired Chinese e-Commerce business Yihaodian, purchasing the remaining 49% stock. With full ownership of Yihaodian, Walmart plans to accelerate its e-Commerce presence into the Chinese market and...

Adiant Acquires inSparq

Adiant Acquires inSparq

Adiant has acquired inSparq in order to expand its social commerce capabilities. inSparq's technology analyzes both the products that shoppers share on social media and what those customers purchase —...

Tyco Retail Solutions Acquires FootFall For $60 Million

Tyco Retail Solutions Acquires FootFall For $60 Million

Tyco Retail Solutions, the retail performance and security business of Tyco, has acquired FootFall from Experian for $60 million in cash. Based in the UK, FootFall provides end-to-end technology,...

Financial News

Amazon Turns Rare Profit, Announces 20% Sales Increase For Q2

Amazon Turns Rare Profit, Announces 20% Sales Increase For Q2

Amazon has reported that net sales have increased by 20% in Q2 2015, from $19.34 billion in Q2 2014 to $23.18 billion.

SmarterHQ Wins $8 Million In Latest Funding Round

SmarterHQ Wins $8 Million In Latest Funding Round

Multichannel marketing platform SmarterHQ has secured $8 million in a funding round led by Simon Venture Group and Battery Ventures. The company has raised a total of $20 million in...

Sole Society Steps Into The Future With $8 Million Funding Round

Sole Society Steps Into The Future With $8 Million Funding Round

Sole Society has won $8 million in Series B funding from Nordstrom and Insight Venture Partners, and is now armed with the financial support needed to fuel its aggressive expansion...