The troubled economy is forcing retailers to lower prices, but some merchants are compensating with selected price increases suggested by price optimization systems
In an economic downturn, consumers are naturally predisposed to purchasing the lowest-priced items at the supermarket. Food retailers, in turn, try to satisfy shoppers' craving for value by keeping prices low. But lower prices mean slimmer profit margins in an industry already famous for its razor-thin profits. So how do retailers help shoppers weather the recession without endangering their own survival? A growing number of retailers are finding that they can maintain a reasonable ...
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