Price Points by Omnia Retail

In Omnia's Pricing Blog, our pricing experts cover all the latest trends, Omnia pricing events, customer insights and pricing strategies.

Best AI Pricing Software in 2026: Top Tools Compared

AI pricing software has moved well beyond automated repricing. The best platforms in 2026 combine real-time competitive data, demand-aware pricing logic, and agentic AI to help teams make faster, more confident...

AI pricing software has moved well beyond automated repricing. The best platforms in 2026 combine real-time competitive data, demand-aware pricing logic, and agentic AI to help teams make faster, more confident decisions without losing strategic control. For retailers, brands, and B2B companies evaluating options, the market has matured into clearly distinct tiers: tools built for monitoring, tools built for automation, and platforms built for end-to-end pricing intelligence. The gap between these tiers is now significant enough to make the right choice a meaningful commercial decision.

Read More Best AI Pricing Software in 2026: Top Tools Compared
Best AI Pricing Software in 2026: Top Tools Compared

Best Dynamic Pricing Software in 2026: Selecting the Right Tool for Your Needs

Dynamic pricing software helps retailers react faster to market changes, protect margins, and stay competitive across digital and omnichannel environments. For teams searching for the best dynamic pricing software, the...

Dynamic pricing software helps retailers react faster to market changes, protect margins, and stay competitive across digital and omnichannel environments. For teams searching for the best dynamic pricing software, the strongest solutions go beyond simple repricing. They combine accurate competitor data, flexible pricing logic, explainable automation, and increasingly, AI-powered workflows that reduce manual dashboard work. In 2026, the category is no longer just about updating prices faster. It is about helping pricing teams understand what is happening in the market and act with confidence.

Read More Best Dynamic Pricing Software in 2026: Selecting the Right Tool for Your Needs
Best Dynamic Pricing Software in 2026: Selecting the Right Tool for Your Needs

Best Pricing Software for Retail

Pricing software helps retailers in 2026 react to market changes in real time, protect margins, and stay competitive across online and offline channels. For teams searching for the best dynamic pricing tools for retail,...

Pricing software helps retailers in 2026 react to market changes in real time, protect margins, and stay competitive across online and offline channels. For teams searching for the best dynamic pricing tools for retail, the strongest solutions combine accurate market data, explainable pricing logic, and fast automation so pricing teams can act with confidence instead of relying on static rules or blanket discounts. This overview evaluates five well-known dynamic pricing solutions for retail pricing strategies: Omnia Retail, Competera, Wiser, Quicklizard, and Prisync, through the lens of speed to value, data quality, transparency, omnichannel readiness, and scalability for enterprise retailers. What Great Retail Pricing Software Looks Like The best pricing software for retail makes pricing decisions faster, clearer, and easier to govern: from ingesting ERP, POS, and PIM data to collecting competitor prices and executing updates across webshops, marketplaces, and physical stores. If your goal is pricing software for multi-channel retail operational efficiency, the platform must connect data, logic, and execution without creating operational overhead for the pricing team. Transparency and control are critical for enterprise retailers. Pricing teams need to understand why prices move, not just see the output. Strong dynamic pricing platforms support flexible pricing cadences (hourly for fast movers, daily or weekly for long-tail assortments), near real-time imports, and rules that incorporate cost, stock, promotions, and competitive signals—so prices always reflect the latest market reality. Omnia Retail leads here with a transparent decision-tree approach, rapid onboarding, and in-house competitor data collection across marketplaces, price comparison engines, and retailer domains. Competera, Wiser, Quicklizard, and Prisync each bring useful capabilities, but differ in explainability, data ownership, omnichannel execution, and readiness for enterprise retail pricing operations.

Read More Best Pricing Software for Retail
Best Pricing Software for Retail

Drive Black Friday Sales: Competitive Pricing for DTC Brands

As we pointed out in our last research post on Black Friday pricing data analysis, the Direct-to-Consumer (DTC) market has fundamentally transformed. What was once considered a niche strategy has become the primary...

As we pointed out in our last research post on Black Friday pricing data analysis, the Direct-to-Consumer (DTC) market has fundamentally transformed. What was once considered a niche strategy has become the primary sales channel for many brands. But with the growth of the DTC segment comes increased competitive pressure, especially during peak periods like Black Friday. The critical question is: How do you maintain oversight of your competitors while making data-driven pricing decisions in real-time? With advanced tools like Omnia pricing software, DTC brands can automate price monitoring and market analysis, apply sophisticated competitive pricing strategies, and react to real-time changes across multiple markets. This combination of insight and execution ensures your pricing strategies deliver maximum impact in an increasingly competitive landscape.

Read More Drive Black Friday Sales: Competitive Pricing for DTC Brands
Drive Black Friday Sales: Competitive Pricing for DTC Brands

Maximising Black Friday Impact: Strategic Pricing for E-commerce Retail

Black Friday is one of the most important events in the e-commerce calendar. It is a period when consumer spending surges and competition intensifies. For e-commerce retailers and D2C brands of all sizes, from...

Black Friday is one of the most important events in the e-commerce calendar. It is a period when consumer spending surges and competition intensifies. For e-commerce retailers and D2C brands of all sizes, from enterprise to SMB, early and data-driven Black Friday pricing preparation is essential to protect margins and capture market share. With advanced tools like Omnia pricing software, retailers can automate price monitoring and market monitoring, apply sophisticated rules, and react to real-time changes in the market. This combination of insight and execution ensures that your pricing strategies deliver maximum impact during the most competitive sales period of the year.

Read More Maximising Black Friday Impact: Strategic Pricing for E-commerce Retail
Maximising Black Friday Impact: Strategic Pricing for E-commerce Retail

The DTC Strategy Guide: Building Profitable Channels Without Price Erosion

Direct-to-consumer (DTC) brands have revolutionized retail by offering unparalleled control over customer experience, pricing, and brand narrative. However, for established brands with existing wholesale and retail...

Direct-to-consumer (DTC) brands have revolutionized retail by offering unparalleled control over customer experience, pricing, and brand narrative. However, for established brands with existing wholesale and retail networks, the transition to DTC presents both tremendous opportunities and significant risks. The key challenge: how do you unlock DTC profitability without triggering price erosion or damaging crucial retailer relationships? This comprehensive roadmap explores the strategic framework for navigating DTC transitions successfully, based on real-world insights from enterprise brands and proven methodologies for preventing channel conflict while building sustainable, profitable DTC businesses.

Read More The DTC Strategy Guide: Building Profitable Channels Without Price Erosion
The DTC Strategy Guide: Building Profitable Channels Without Price Erosion

Best Pricing Software for DTC Brands

Pricing software helps Direct-to-Consumer (DTC) brands update prices proactively, protect margins, and stay competitive without blanket discounts. The best platforms combine reliable data inputs, transparent price...

Pricing software helps Direct-to-Consumer (DTC) brands update prices proactively, protect margins, and stay competitive without blanket discounts. The best platforms combine reliable data inputs, transparent price logic, and fast automation so teams can act with confidence, not guesswork. This overview evaluates five well-known solutions for DTC brands: Omnia Retail, Competera, Wiser, Quicklizard, and Prisync; through the lens of speed to value, data quality, control vs. black-box approaches, and scalability. What Great DTC Pricing Software Looks Like Modern DTC pricing software should make your pricing faster, clearer, and more controllable: from ingesting ERP/PIM data to collecting competitor signals and executing price changes across channels. Transparency and control matter: if your engine is a black box, you lose the ability to explain or adjust decisions. Large DTC brands also need flexible scheduling (hourly for fast-movers, weekly for long-tail), and near real-time imports to ensure prices reflect the latest cost, stock, and promo data. Omnia Retail leads here with a transparent decision-tree approach, fast onboarding (often ROI inside the first term), and in-house competitor data collection across marketplaces and comparison engines. Competera, Wiser, Quicklizard, and Prisync each bring useful capabilities, but vary in transparency, data ownership, and enterprise readiness. Electronics brands have a unique pricing problem: prices move fast, margins are thin, and the market is brutally transparent. If you sell headphones, TVs, laptops, gaming, or smart home devices, you’re not just competing with one store—you’re competing with marketplaces, resellers, grey-market listings, and rapid promo cycles. That’s why the best dynamic pricing software for electronics brands needs to do more than “match competitors.” It must protect margin with hard guardrails, react to market shifts in near real time, and still keep pricing decisions explainable for teams who need to justify changes internally. In practice, top-performing electronics brands use dynamic pricing to win on hero SKUs (where share matters), protect margin on long-tail items (where price sensitivity is lower), and handle life-cycle pricing from launch to clearance without constant manual firefighting.

Read More Best Pricing Software for DTC Brands
Best Pricing Software for DTC Brands

How to Buy Pricing Software: A Guide for Retailers and Brands

In theory, buying pricing software should be straightforward: you define your requirements, compare a few platforms, and choose the one that suits your needs. In practice, however, the process tends to unfold quite...

In theory, buying pricing software should be straightforward: you define your requirements, compare a few platforms, and choose the one that suits your needs. In practice, however, the process tends to unfold quite differently. What starts as a clear objective quickly becomes a marathon of internal meetings, overlapping stakeholder priorities, vendor pitches that blur together, and spreadsheets that never seem to tell the full story. If you're in the middle of this process or about to start, this guide is for you. We’ve gathered the key steps, questions, and realities pricing and category managers face when selecting a solution. Whether you’re replacing legacy tools, scaling pricing operations, or building a business case for the first time, the goal is the same: make a confident, informed decision without wasting time or getting lost in the process. Let’s start with the biggest friction point most teams face.

Read More How to Buy Pricing Software: A Guide for Retailers and Brands
How to Buy Pricing Software: A Guide for Retailers and Brands

How to Set Up a Request for Proposal (RFP) for Dynamic Pricing Software

How you price your products defines how you compete. Dynamic pricing software gives you the tools to move with the market and react to shifts in supply, demand, and competition. But before you get there, you need the...

How you price your products defines how you compete. Dynamic pricing software gives you the tools to move with the market and react to shifts in supply, demand, and competition. But before you get there, you need the right setup. That starts with a clear, well-written RFP. An RFP gives shape to your pricing goals. It helps you define what matters, align internally, and filter out solutions that won’t scale. It saves time in the long run and leads to stronger conversations with vendors. At Omnia Retail, we’ve spent over a decade helping companies roll out dynamic pricing at scale. This guide shares what we’ve learned about writing an RFP that leads to better outcomes, from vendor selection to long-term success.

Read More How to Set Up a Request for Proposal (RFP) for Dynamic Pricing Software
How to Set Up a Request for Proposal (RFP) for Dynamic Pricing Software

Marketplace Pricing Secrets: Should You Use Different Prices on Amazon vs eBay?

Pricing on online marketplaces plays a vital role in e-commerce success. Online marketplaces now make up 62% of all online purchases. Retailers who sell on multiple platforms earn 190% more revenue than those selling on...

Pricing on online marketplaces plays a vital role in e-commerce success. Online marketplaces now make up 62% of all online purchases. Retailers who sell on multiple platforms earn 190% more revenue than those selling on a single channel. These numbers show the massive potential of a smart marketplace strategy. Setting the right prices across different marketplaces remains challenging. Amazon's marketplace illustrates this perfectly - 63% of its shoppers check prices before buying, while close to 2 million sellers compete for the Buy Box. A powerful marketplace pricing strategy matters more than ever. Different pricing on platforms like Amazon and eBay might help maximize your revenue. This piece will guide you in building an analytical pricing framework, highlight key differences among various marketplaces, and provide tips for developing differentiated marketplace strategies. These practical approaches will help you understand why its important to optimize prices and maintain profitability on each platform.

Read More Marketplace Pricing Secrets: Should You Use Different Prices on Amazon vs eBay?
Marketplace Pricing Secrets: Should You Use Different Prices on Amazon vs eBay?

What is Price Discrimination?

What is Price Discrimination? In today’s highly competitive retail landscape, pricing is no longer just a numbers game—it’s a strategic lever that can make or break a business. As consumer expectations evolve and...

What is Price Discrimination? In today’s highly competitive retail landscape, pricing is no longer just a numbers game—it’s a strategic lever that can make or break a business. As consumer expectations evolve and markets become increasingly fragmented, retailers face the challenge of setting prices that maximize revenue while staying competitive and meeting diverse customer needs.

Read More What is Price Discrimination?
What is Price Discrimination?

Developing a pricing strategy: From 'Pricing by feel' to data-driven decisions

Pricing is one of the most important, and often misunderstood, topics in retail and e-commerce. The pricing 'iceberg' goes deeper than most expect. It starts with a single question: what company aims are you trying to...

Pricing is one of the most important, and often misunderstood, topics in retail and e-commerce. The pricing 'iceberg' goes deeper than most expect. It starts with a single question: what company aims are you trying to achieve within pricing? Data-driven pricing strategies impact more than just revenue generation. They also play a vital role in shaping customer perceptions, and market competitiveness. Businesses can leverage a wealth of information to fine-tune their pricing strategies. In this blogpost, we dive deeper into the importance of data and automation and how they affect shaping your pricing strategy.

Read More Developing a pricing strategy: From 'Pricing by feel' to data-driven decisions
Developing a pricing strategy: From 'Pricing by feel' to data-driven decisions

Understanding the impact of early preparation for Black Friday

Preparing early for Black Friday is essential for retailers looking to maximise sales and stay competitive in a dynamic market. By planning ahead, retailers can strategically adjust pricing, manage inventory and...

Preparing early for Black Friday is essential for retailers looking to maximise sales and stay competitive in a dynamic market. By planning ahead, retailers can strategically adjust pricing, manage inventory and fine-tune marketing campaigns to attract more customers. This proactive approach enables the identification of key product and market trends, ensuring that promotions are both timely and effective. In addition, early preparation helps to mitigate potential logistical challenges, such as stock shortages or delivery delays, which can negatively impact customer satisfaction. Finally, preparation enables retailers to navigate the complexities of dynamic pricing and price monitoring, ensuring that they can capitalise on increased consumer activity during this peak shopping period. In our recent research, we looked at data from the sports fashion and electronics industries in the Dutch and German markets from 2018 to 2023. The analysis focused on products with price deviations and consistent data streams, providing insights into dynamic pricing, price monitoring and pricing strategies during the Black Friday period.

Read More Understanding the impact of early preparation for Black Friday
Understanding the impact of early preparation for Black Friday

Top 7 strategies for successful digital pricing transformation

7 Strategies for Successful Digital Pricing Transformation Pricing transformation means completely changing the way a company sets its prices, using new digital tools and technologies to make better pricing decisions....

7 Strategies for Successful Digital Pricing Transformation Pricing transformation means completely changing the way a company sets its prices, using new digital tools and technologies to make better pricing decisions. This process aims to set prices that accurately reflect the perceived value of products or services, dynamically respond to market competition, and maximize profitability. Leveraging software solutions, businesses can ensure they are setting optimal prices for each transaction, considering factors such as customer demand, market trends, and competitive landscapes. In today's rapidly evolving business landscape, pricing transformation has become a critical priority for organizations seeking to stay competitive and maximize profitability. As market dynamics shift and customer expectations evolve over time, companies must adapt their pricing strategies to keep pace. Pricing platform provider Omnia Retail has joined forces with Horvath, the international management consultancy with a focus on transformation and digitization, to share insights on the key elements of success we observe in businesses that have successfully undergone a pricing transformation. Drawing on our combined expertise in pricing software and strategies, we've identified seven key pillars that can help businesses successfully navigate this crucial process:

Read More Top 7 strategies for successful digital pricing transformation
Top 7 strategies for successful digital pricing transformation

The Ultimate Guide to Dynamic Pricing

What Is Dynamic Pricing and How Does It Work in Retail? Dynamic pricing is when a company or store continuously adjusts its prices throughout the day. The goal of these price changes is twofold: on one hand, companies...

What Is Dynamic Pricing and How Does It Work in Retail? Dynamic pricing is when a company or store continuously adjusts its prices throughout the day. The goal of these price changes is twofold: on one hand, companies want to optimize for margins, and on the other, they want to increase their chances of sales. Dynamic pricing is a pricing strategy that applies variable prices instead of fixed prices. Instead of deciding on a set price for a season, retailers can update their prices multiple times per day to capitalize on the ever-changing market. Dynamic pricing often gets confused with personalized pricing. But these two different types of pricing are extremely different from one another. To put it simply, dynamic pricing looks at your products and their relative value in relation to the rest of the market. As retail markets become more competitive and transparent, dynamic pricing has evolved into a core capability for modern organizations. The best dynamic pricing software enables retailers and brands to automatically adjust prices at scale, using real-time market data instead of manual updates. For enterprise retailers, ecommerce companies, and direct-to-consumer brands, this software is essential to remain competitive while protecting margins. Dynamic Pricing vs Personalized Pricing Personalized pricing, on the other hand, looks at individual consumer behaviors and gauges (and changes) a product’s value based on past shopping experience. Personalized pricing is controversial because it uses individual data and shopping experience information that many consumers consider private and personal. It’s also somewhat risky in an age where consumers can interact with and talk to each other like never before. If Consumer A finds out they paid more for the exact same product than their best friend, their trust in a company will erode. Dynamic pricing, on the other hand, allows you to capture extra sales and take advantage of a changing market without invading consumer privacy or trust. It’s especially effective in categories where price sensitivity fluctuates due to external conditions, like current tariffs, which can dramatically shift consumer behavior and brand loyalty. This is why many companies actively search for the best dynamic pricing software for ecommerce. Manual pricing cannot keep up with the speed of online markets, especially when thousands of SKUs, marketplaces, and international competitors are involved. Dynamic pricing software automates these decisions, allowing pricing teams to react instantly without operational overload.

Read More The Ultimate Guide to Dynamic Pricing
The Ultimate Guide to Dynamic Pricing

Reflecting on Price Points Live: Lessons for e-commerce in 2024

It’s been a few weeks since Europe’s e-commerce and pricing event of the year, produced and hosted by Omnia Retail, took Amsterdam by storm at the modern Capital C building in early March. Our invited guests were on the...

It’s been a few weeks since Europe’s e-commerce and pricing event of the year, produced and hosted by Omnia Retail, took Amsterdam by storm at the modern Capital C building in early March. Our invited guests were on the receiving end of the knowledge and expertise of some of the e-commerce world’s greatest minds and leaders, making for a successful annual rendition of Price Points Live. On this year’s stage was Prof. Hermann Simon, the co-founder and chairman of Simon-Kucher, who was a returning speaker at Price Points Live. He is known as the world’s leading expert on pricing and growth consulting. Also on the stage was Natalie Berg, an analyst, author and podcast host; Dr Doug Mattheus, a business executive and consultant in marketing, retail and branding; Gerrie Smits, a business consultant, speaker and author, and lastly, Cor Verhoeven, Group Product Manager at Bol, specialising in pricing and assortment insights. To conclude, the warm and confident Suyin Aerts returned as our host. Whether it be transparency in pricing, marketing or e-commerce practices, our panel of speakers bring more than a century of collective knowledge and experience to the table. So, what did our guests learn and take away from each of our speakers? What can brands and retailers understand about pricing, consumer behaviour and branding? Omnia shares the insights and knowledge pertinent to e-commerce success in 2024.

Read More Reflecting on Price Points Live: Lessons for e-commerce in 2024
Reflecting on Price Points Live: Lessons for e-commerce in 2024

Unleashing Superpowers in Pricing: How Omnia's Visual Decision Tree Approach Revolutionises Dynamic Pricing

Omnia Retail’s origin and purpose In 2012, my co-founder and I had conversations with category managers from established online retailers in mature e-commerce categories, such as consumer electronics, and learned that...

Omnia Retail’s origin and purpose In 2012, my co-founder and I had conversations with category managers from established online retailers in mature e-commerce categories, such as consumer electronics, and learned that they were spending a lot of time each week manually looking up prices of their competitors on comparison shopping engines and were still running behind with repricing the products in their assortment. Propelled by e-commerce, product ranges were increasing in scope, and the heightened transparency of online pricing resulted in frequent price fluctuations. It became increasingly laborious and time-intensive to maintain competitive pricing as it required manual gathering of pricing data, calculation of optimal price points, and implementation of adjustments. This challenge led us to founding Omnia Retail. Over the years, we saw that as other retail categories matured online, they struggled with the same problem. Similarly, over the last few years, brands have become more serious about their direct-to-consumer (D2C) channels. Brands selling a product against the initial Recommended Selling Price (RSP) for the whole product life cycle leads to insult pricing and the need to change their prices, yet again, to align with the market. As a result, we now see that brands are starting to struggle with the same problem that retailers experienced over a decade ago. Simply being passionate about the challenge and using our prior retail and e-commerce knowledge, we applied our engineering expertise to solve this problem for retailers and brands. It was only later - when our company had grown to a size where everyone couldn’t fit on the same lunch table anymore - that we started reflecting on why we were so invested about solving this challenge. This very reflection led us to establishing Omnia’s purpose explicitly: “We give retailers, brands and their teams superpowers by unleashing the full potential of pricing through market data, insights and automation.” The most central concept here is the word “superpowers”. On a basic level, it refers to automating the tedious and time-intensive tasks that thousands of our users at retailers and brands had to manually do before: looking up prices of competitors, making calculations, and implementing changes. This already removes a lot of tedious work and frees up time to focus on more strategic and creative work. However, that is only one of the basic layers of “superpowers”. Another more exciting element is that we enable our users to do things that were never possible before, even if they would have all the time in the world to spend on pricing. In terms of insights, an example is providing dashboards that provide our users with a “God-view” of the market: fully understanding their own price positioning and understanding what their key competitors (or resellers) are doing. Regarding pricing automation, it’s about having nuanced and advanced strategies, understanding how they are set, impacting results in terms of price positioning and ultimately sales, and contribution margins.

Read More Unleashing Superpowers in Pricing: How Omnia's Visual Decision Tree Approach Revolutionises Dynamic Pricing
Unleashing Superpowers in Pricing: How Omnia's Visual Decision Tree Approach Revolutionises Dynamic Pricing

The Shape of D2C in 2023: How Established Brands and DNVBs Are Finding Success in E-Commerce

Is there anything that pairs better than e-commerce and direct-to-consumer (D2C) sales? With e-commerce, companies remove the inconvenience of having to go to a physical store, and products are shipped right to the...

Is there anything that pairs better than e-commerce and direct-to-consumer (D2C) sales? With e-commerce, companies remove the inconvenience of having to go to a physical store, and products are shipped right to the consumer’s doorstep. D2C sales models are the perfect pairing: With all middlemen removed, the seller has total control over the customer experience. In 2023, both established brands and digital native vertical brands (DNVB) are pursuing D2C strategies across a huge range of e-commerce verticals. In this article, we’ll highlight three especially interesting and competitive verticals in e-commerce – Electronics, Sports and Home & Living – and look at the current state of D2C businesses within these categories.

Read More The Shape of D2C in 2023: How Established Brands and DNVBs Are Finding Success in E-Commerce
The Shape of D2C in 2023: How Established Brands and DNVBs Are Finding Success in E-Commerce

Saniweb, one of the first to go live with our new pricing software

Press release Omnia Retail - September 2023

Press release Omnia Retail - September 2023

Read More Saniweb, one of the first to go live with our new pricing software
Saniweb, one of the first to go live with our new pricing software

E-Commerce Brands & Retailers Building Trust with Transparent Pricing

Is there such a thing as too much honesty? In business, and in pricing, opinions differ. The concept of transparent pricing refers to having pricing information readily available and accessible to customers, benefiting...

Is there such a thing as too much honesty? In business, and in pricing, opinions differ. The concept of transparent pricing refers to having pricing information readily available and accessible to customers, benefiting both sides:

Read More E-Commerce Brands & Retailers Building Trust with Transparent Pricing
E-Commerce Brands & Retailers Building Trust with Transparent Pricing

How Established Brands and DNVBs Are Finding Success in E-Commerce

Is there anything that pairs better than e-commerce and direct-to-consumer (D2C) sales? With e-commerce, companies remove the inconvenience of having to go to a physical store, and products are shipped right to the...

Is there anything that pairs better than e-commerce and direct-to-consumer (D2C) sales? With e-commerce, companies remove the inconvenience of having to go to a physical store, and products are shipped right to the consumer’s doorstep. D2C sales models are the perfect pairing: with all middlemen removed, the seller has total control over the customer experience. The only middleman we see is the person delivering our package. In 2023, both established brands and digital native vertical brands (DNVB) are pursuing D2C strategies across a huge range of e-commerce verticals. In this article, we’ll highlight three especially interesting and competitive verticals in e-commerce – Electronics, Sports and Home & Living – and look at the current state of D2C businesses across these areas.

Read More How Established Brands and DNVBs Are Finding Success in E-Commerce
How Established Brands and DNVBs Are Finding Success in E-Commerce

How vendor ratings influence consumer behaviour in e-commerce

Picture this: It’s the 1980s. The Iron Curtain hasn’t fallen yet. Hairstyles are big, and punk culture is bigger. There’s no internet yet available to the public. You want to buy something new – maybe a bigger...

Picture this: It’s the 1980s. The Iron Curtain hasn’t fallen yet. Hairstyles are big, and punk culture is bigger. There’s no internet yet available to the public. You want to buy something new – maybe a bigger television to watch all those new cable channels like MTV that everyone is talking about. How do you choose which TV to buy? At the time, you would likely have asked around, collected opinions from family and friends; maybe gone down to the local electronics store to ask the staff for help. There wouldn’t yet be a way for you to instantly compare every television brand on Earth and see what other buyers had to say about them. To younger consumers in the 2020s, this is hard to imagine. Seemingly every website that offers something for sale these days has some type of rating or review system to help you gauge the quality, credibility and price-to-value ratio of any vendor. These ratings influence our behaviour in countless ways, big and small. Today, Omnia is exploring the background of vendor ratings, how much weight they carry among consumers, the impact for D2C brands and more.

Read More How vendor ratings influence consumer behaviour in e-commerce
How vendor ratings influence consumer behaviour in e-commerce

Comparison shopping engines: How to optimise your presence

We live in a world of endless choice, and while the number of options can be exciting for shoppers, it can also be overwhelming. Comparison shopping engines (CSEs) have emerged as a valuable tool for shoppers to make...

We live in a world of endless choice, and while the number of options can be exciting for shoppers, it can also be overwhelming. Comparison shopping engines (CSEs) have emerged as a valuable tool for shoppers to make informed purchase decisions and for e-commerce brands and retailers to increase online visibility and sales.

Read More Comparison shopping engines: How to optimise your presence
Comparison shopping engines: How to optimise your presence

Pricing: An approach to prosperous business development

Isn’t it a scary thought that 75% of S&P 500 incumbents will no longer be listed on the index by 2027? Due to slow or nonexistent evolvement, Standard & Poor’s data show that the evolution of corporate success has been...

Isn’t it a scary thought that 75% of S&P 500 incumbents will no longer be listed on the index by 2027? Due to slow or nonexistent evolvement, Standard & Poor’s data show that the evolution of corporate success has been dwindling for more than 50 years, stipulating that the average lifetime of an enterprise has decreased from 61 years in 1958 to just 18 years in 2011. Adaption and evolution are pertinent to the success of any enterprise, and no case of this being true is larger than the digitization of shopping.

Read More Pricing: An approach to prosperous business development
Pricing: An approach to prosperous business development

A Guide to Price Skimming: Definitions, Strategies and Tactics

Price skimming is a pricing strategy that can facilitate a higher return on early investments, influence the branding and appeal of a product, and allow a brand to target specific segments of a given market. This...

Price skimming is a pricing strategy that can facilitate a higher return on early investments, influence the branding and appeal of a product, and allow a brand to target specific segments of a given market. This comprehensive guide will walk you through everything you need to know about implementing a successful skimming pricing strategy.

Read More A Guide to Price Skimming: Definitions, Strategies and Tactics
A Guide to Price Skimming: Definitions, Strategies and Tactics

Dynamic pricing strategies and tactics to cope with inflation

High inflation is here to stay for years to come Across the world, inflation remains at sky-high levels, with the G20 average Consumer Price Index (CPI) at 9.2% year-on-year for July ‘22 and the OECD countries at 10.2%...

High inflation is here to stay for years to come Across the world, inflation remains at sky-high levels, with the G20 average Consumer Price Index (CPI) at 9.2% year-on-year for July ‘22 and the OECD countries at 10.2% year-on-year for the same month. As Roman Steiner, partner at McKinsey’s Zurich office, explains, there are five issues contributing to inflation that, together, add up to a perfect storm: labour costs and the availability of talent, as well as rising prices in agriculture, hard commodities, freight, and energy. Contrary to what the heads of Central Banks communicated at the start of the inflationary period, we shouldn’t expect inflation to be resolved soon. And, although aggressive interest rate hikes will somewhat help to temper inflation, it will remain a topic that should be top-of-mind at least for the coming years.

Read More Dynamic pricing strategies and tactics to cope with inflation
Dynamic pricing strategies and tactics to cope with inflation

How we collect vital data for our customers (Part 2)

In recent years, data has surpassed oil in being the most valuable commodity on Earth. In just the four years between 2016 - 2020, the data market in the US grew in value from €129 billion to €211 billion. In a...

In recent years, data has surpassed oil in being the most valuable commodity on Earth. In just the four years between 2016 - 2020, the data market in the US grew in value from €129 billion to €211 billion. In a nutshell, data is how we understand something on an intricate level without bias and subjectivity, and within the world of e-commerce and retail, it is the cog in the machine that’s indispensable. In this four-part series, Omnia shares the process a potential customer will enter into once they decide to choose our pricing software solutions. In early August, we shared part one, which included the technical pre-requirements a customer needs to begin their pricing journey. Today, we are delving into how we collect data as one of the initial and most vital parts of the process.

Read More How we collect vital data for our customers (Part 2)
How we collect vital data for our customers (Part 2)

What e-commerce players need to begin their pricing software journey (Part 1)

When the concept of retail first began in ancient Greece in 800 BC with traders selling goods and food at markets, merchants needed to keep track of their stock in a similar way retailers do so today. It began with...

When the concept of retail first began in ancient Greece in 800 BC with traders selling goods and food at markets, merchants needed to keep track of their stock in a similar way retailers do so today. It began with writing things down with a simple book and some ink. A couple thousand years later, that book turned into spreadsheets and tables; and a few decades after that, spreadsheets turned to software and digital systems. As a software creator and provider, it is awe-inspiring to see how far systems and processes that support retailers have come since the days of paper and quills. In a four-part series, we will dive into an overview of both the technical requirements and learnings for retailers and brands looking at investing in pricing software. We will also cover some of the processes our teams drive, from data scraping, sharing potential pricing strategies to the onboarding process.

Read More What e-commerce players need to begin their pricing software journey (Part 1)
What e-commerce players need to begin their pricing software journey (Part 1)

Pricing as the new commander for financial growth

Figuring out a price for your product or service is not dissimilar to walking on a tightrope. On the one hand, you could purposefully overprice your product to increase profits and place your product as high-end,...

Figuring out a price for your product or service is not dissimilar to walking on a tightrope. On the one hand, you could purposefully overprice your product to increase profits and place your product as high-end, however, you may be placing the price too high, which would alienate you from the market. On the other hand, you could lower your price to make more sales, but this may result in slow profit growth and a cheaper reputation in the market. As said above, it’s a complex and technical tightrope that can sometimes result in many wasted hours spent on pricing updates and ultimately failed products and businesses.

Read More Pricing as the new commander for financial growth
Pricing as the new commander for financial growth

Winners vs. losers: how important is the price change frequency?

Value based pricing, price change frequency, marketing cost incorporation, elasticity calculation.... There is an abundance of factors to take into consideration and an unlimited number of strategies related to pricing....

Value based pricing, price change frequency, marketing cost incorporation, elasticity calculation.... There is an abundance of factors to take into consideration and an unlimited number of strategies related to pricing. Want to find out where you are leaving the most money on the table and how to maximize profits? It’s related to how often you change the price of offered products and services. Let’s discuss price change frequency!

Read More Winners vs. losers: how important is the price change frequency?
Winners vs. losers: how important is the price change frequency?

High-quality Data is Expensive, and That's a Good Thing

That’s right. High-quality dynamic pricing data costs money, but it’s money you should be happy to spend. Why? Here are four things you should know about data quality with pricing (and why it’s important you get the...

That’s right. High-quality dynamic pricing data costs money, but it’s money you should be happy to spend. Why? Here are four things you should know about data quality with pricing (and why it’s important you get the best data out there).

Read More High-quality Data is Expensive, and That's a Good Thing
High-quality Data is Expensive, and That's a Good Thing

What to Look for in a Dynamic Pricing Solution

If you’re a retailer or a brand, pricing is one of the linchpins of your overall commercial success. And if you’re considering a dynamic pricing solution, we understand that finding the right one for your organization...

If you’re a retailer or a brand, pricing is one of the linchpins of your overall commercial success. And if you’re considering a dynamic pricing solution, we understand that finding the right one for your organization is of the utmost importance.

Read More What to Look for in a Dynamic Pricing Solution
What to Look for in a Dynamic Pricing Solution

Price Points Podcast EP 8: Why is Data Important to Dynamic Pricing

Dynamic pricing is a tool, yes, and while it's an insanely smart tool, it can only work with the information it's given. What you put into a dynamic pricing solution as input matters and makes a huge impact on the price...

Dynamic pricing is a tool, yes, and while it's an insanely smart tool, it can only work with the information it's given. What you put into a dynamic pricing solution as input matters and makes a huge impact on the price advices it creates. If you have bad competitor data that isn't up-to-date, for example, then the tool will generate equally bad price advices.

Read More Price Points Podcast EP 8: Why is Data Important to Dynamic Pricing
Price Points Podcast EP 8: Why is Data Important to Dynamic Pricing

Price Points Podcast EP 5: Building vs. Buying a Dynamic Pricing Solution

Thinking of building your own dynamic pricing solution in-house? Product Manager Berend van Niekerk tells you everything you need to know for your solution to be a success.

Thinking of building your own dynamic pricing solution in-house? Product Manager Berend van Niekerk tells you everything you need to know for your solution to be a success.

Read More Price Points Podcast EP 5: Building vs. Buying a Dynamic Pricing Solution
Price Points Podcast EP 5: Building vs. Buying a Dynamic Pricing Solution

Price Points Podcast EP 4: Maintaining Organizational Clarity

What's the top trick to getting the most out of dynamic pricing? Communication. In this episode Gijs Schuringa explains why organizational clarity and communication is crucial to dynamic pricing success, and gives you...

What's the top trick to getting the most out of dynamic pricing? Communication. In this episode Gijs Schuringa explains why organizational clarity and communication is crucial to dynamic pricing success, and gives you actionable ways to ensure you have organizational alignment.

Read More Price Points Podcast EP 4: Maintaining Organizational Clarity
Price Points Podcast EP 4: Maintaining Organizational Clarity

Price Points Podcast EP 3: Risks and Rewards in Dynamic Pricing

What are the risks and rewards of dynamic pricing, and how can you tip the scales towards reward? Travis Rice explains all in this episode of Price Points.

What are the risks and rewards of dynamic pricing, and how can you tip the scales towards reward? Travis Rice explains all in this episode of Price Points.

Read More Price Points Podcast EP 3: Risks and Rewards in Dynamic Pricing
Price Points Podcast EP 3: Risks and Rewards in Dynamic Pricing

How Odd Even Pricing Helps You Utilize the Power of Psychology

As a continuation of our series on different pricing strategies and pricing methods, in this post we'll take a deeper look at Odd Even pricing. This pricing strategy looks at the psychological effect that numbers have...

As a continuation of our series on different pricing strategies and pricing methods, in this post we'll take a deeper look at Odd Even pricing. This pricing strategy looks at the psychological effect that numbers have on the human brain, then uses that power to shape price perception.

Read More How Odd Even Pricing Helps You Utilize the Power of Psychology
How Odd Even Pricing Helps You Utilize the Power of Psychology

3 Pricing Strategies that Incorporate Product Popularity

We’ve just announced a new data service called Product Popularity Scores. This new data service is an add-on to your Pricewatch export that shows the product popularity scores for different price comparison websites in...

We’ve just announced a new data service called Product Popularity Scores. This new data service is an add-on to your Pricewatch export that shows the product popularity scores for different price comparison websites in NL and BE. It’s designed to give you a better idea of what’s popular in the market so you can make more informed strategic choices when it comes to buying, marketing, pricing, and more. We wanted to give some inspiration into how you can actually use this service to create better pricing strategies. Below are three examples of pricing strategies that you can enhance with Product Popularity Scores.

Read More 3 Pricing Strategies that Incorporate Product Popularity
3 Pricing Strategies that Incorporate Product Popularity

What is Stock-Based Pricing?

Last week, as a response to the coronavirus, we offered some pricing advice to our customers: use stock levels as a way to prevent unintentional price drops on your products. To give some more background on this pricing...

Last week, as a response to the coronavirus, we offered some pricing advice to our customers: use stock levels as a way to prevent unintentional price drops on your products. To give some more background on this pricing method, we decided to create a blog post outlining what stock-based pricing is, why you may want to use this pricing method, and a few different strategies to consider while implementing it. Keep reading to learn more about this versatile pricing method and how you can use it strategically.

Read More What is Stock-Based Pricing?
What is Stock-Based Pricing?

Take Control of Black Friday with These 3 Pricing Tips from the Experts

Is Black Friday even worth it? That’s a question that many retailers and brands ask themselves around this time of year. Is it worth all the trouble? The early starts. The late nights. The number crunching. The price...

Is Black Friday even worth it? That’s a question that many retailers and brands ask themselves around this time of year. Is it worth all the trouble? The early starts. The late nights. The number crunching. The price watching. The long days and the short rests in between...Black Friday is stressful and resource-consuming... So is it even worth it? The answer is a resounding yes — if you’re strategic about it.

Read More Take Control of Black Friday with These 3 Pricing Tips from the Experts
Take Control of Black Friday with These 3 Pricing Tips from the Experts

4 Things to Know About Data Quality in Dynamic Pricing

There’s a saying in the data science world: “garbage in equals garbage out.” In other words, the data you feed any algorithm determines the quality of the algorithm’s output. And while this is true for all data science,...

There’s a saying in the data science world: “garbage in equals garbage out.” In other words, the data you feed any algorithm determines the quality of the algorithm’s output. And while this is true for all data science, it’s especially pertinent for dynamic pricing algorithms. Dynamic pricing tools are like any other algorithm: they need great data as input to to give you a great pricing output. What you put into a dynamic pricing solution matters and has a colossal impact on the price advices it creates. If you have bad competitor data that isn’t up-to-date, for example, then the tool will generate equally bad price advices. But what data do you need, and how do you ensure it’s at a high enough quality? Here are four key things you need to know about data quality in pricing.

Read More 4 Things to Know About Data Quality in Dynamic Pricing
4 Things to Know About Data Quality in Dynamic Pricing

What Makes Omnia Different: Customer Success

Your business is constantly evolving, and the tools you use should evolve with it. At least, that’s the theory. But in many cases, you might find that your software-as-a-service doesn’t adapt as quickly as you do....

Your business is constantly evolving, and the tools you use should evolve with it. At least, that’s the theory. But in many cases, you might find that your software-as-a-service doesn’t adapt as quickly as you do. Customer Success - the idea that a company should help customers achieve their ever-evolving goals - helps software vendors keep pace with their customers and deliver value at every step of the way. In this post, we’ll explain a bit more about Omnia’s Customer Success mindset, and detail the ways we’ve built our team around you.

Read More What Makes Omnia Different: Customer Success
What Makes Omnia Different: Customer Success

How Reference Pricing Keeps Your Private-Label Products Agile

For most products sold across multiple retailers, the process for dynamic pricing and market monitoring is relatively painless. All you need to do is provide the GTIN code for these items, then your dynamic pricing...

For most products sold across multiple retailers, the process for dynamic pricing and market monitoring is relatively painless. All you need to do is provide the GTIN code for these items, then your dynamic pricing system can search the web for that GTIN code. And while you probably have plenty of these “matchable” products — products from different brands that you can “match” based on GTIN codes — what do you do about the private label products you produce and sell exclusively in your stores? When the system can only find the GTIN for a product in one store, how can you make sure the price of that product still stays as agile as the market? This is where reference pricing becomes a crucial part of your dynamic pricing strategy. And if you’re a retailer who sells these products, this post is for you. Keep reading to learn more about reference pricing, how to implement it in your dynamic pricing tool, and how to reap the benefits of this powerful tactic.

Read More How Reference Pricing Keeps Your Private-Label Products Agile
How Reference Pricing Keeps Your Private-Label Products Agile

What Do You Need to Build a Dynamic Pricing Solution?

Something we see often, especially from larger clients, is a desire to build a dynamic pricing solution in-house. The draw of keeping your pricing information in-house is obvious, and at first glance, it might seem...

Something we see often, especially from larger clients, is a desire to build a dynamic pricing solution in-house. The draw of keeping your pricing information in-house is obvious, and at first glance, it might seem relatively easy to do. But what actually goes into a dynamic pricing solution? The short answer is: a lot. If you’re thinking of building your own dynamic pricing solution in-house, we understand. But with 7 years of experience, we thought we would share some insights on what you should consider in your home-built solution.

Read More What Do You Need to Build a Dynamic Pricing Solution?
What Do You Need to Build a Dynamic Pricing Solution?

Why Dynamic Pricing is Less Risky Than You Think

Dynamic pricing does come with some risk. But that risk isn’t actually all that big. In fact, compared to the rewards that come with dynamic pricing, the risks seem comparatively small. And with proper preparation,...

Dynamic pricing does come with some risk. But that risk isn’t actually all that big. In fact, compared to the rewards that come with dynamic pricing, the risks seem comparatively small. And with proper preparation, safety features, and support, you can easily limit (and in some cases eliminate) the amount of risk you take. Curious? Keep reading to learn why dynamic pricing is much less risky than you think.

Read More Why Dynamic Pricing is Less Risky Than You Think
Why Dynamic Pricing is Less Risky Than You Think

Brands Can Differentiate Assortments to Improve Retailer Relationships

Whether you are transitioning into the direct-to-consumer (D2C) sphere, or simply want to build a better relationship with your retail customers, your assortment is the key to making your brand stand out from the rest...

Whether you are transitioning into the direct-to-consumer (D2C) sphere, or simply want to build a better relationship with your retail customers, your assortment is the key to making your brand stand out from the rest of the competition. In fact, it’s the ultimate do-it-all tool that helps you build a better brand experience, get consumer data, improve your relationships with retail customers, and more. But how do you make your assortment the ultimate tool in your toolbox? In this post, we’ll explore differentiated assortments — what they are, how brands can use them, examples, and more — and give you some actionable tips on building assortment strategies that make your brand shine. Curious? Keep reading to learn more.

Read More Brands Can Differentiate Assortments to Improve Retailer Relationships
Brands Can Differentiate Assortments to Improve Retailer Relationships

Why are More Brands Going Direct-to-Consumer? A Special Interview with A.T. Kearney

Why are more brands going direct-to-consumer (D2C), and how can brands use dynamic pricing to succeed in this new arena? This week we have a special interview to uncover the answers to these questions. I sat down with...

Why are more brands going direct-to-consumer (D2C), and how can brands use dynamic pricing to succeed in this new arena? This week we have a special interview to uncover the answers to these questions. I sat down with three industry experts: Roger van Engelen, and Jean-Paul Savelkoul, Management Consultants at our partner A.T. Kearney, and Jasper Wiercx, Solutions Consultant at Omnia Retail, to learn about brands, the direct-to-consumer world, and more.

Read More Why are More Brands Going Direct-to-Consumer? A Special Interview with A.T. Kearney
Why are More Brands Going Direct-to-Consumer? A Special Interview with A.T. Kearney

The History of Dynamic Pricing in 7 Minutes (Or Less)

Dynamic pricing is nothing new. In fact, it’s been the norm for many years. But what's the story behind this pricing trend, and how did it come to define modern retail and e-commerce? In this post trace the path of...

Dynamic pricing is nothing new. In fact, it’s been the norm for many years. But what's the story behind this pricing trend, and how did it come to define modern retail and e-commerce? In this post trace the path of dynamic pricing and learn how we came to be where we are today.

Read More The History of Dynamic Pricing in 7 Minutes (Or Less)
The History of Dynamic Pricing in 7 Minutes (Or Less)

What is Charm Pricing?

When I was a kid, I used to love weekends because I didn’t have a bedtime. Instead, I’d stay up as late as I wanted, and it wasn’t uncommon for me to fall asleep on the couch with the television still on. But I grew up...

When I was a kid, I used to love weekends because I didn’t have a bedtime. Instead, I’d stay up as late as I wanted, and it wasn’t uncommon for me to fall asleep on the couch with the television still on. But I grew up in the United States, the land of direct-response marketing. And I’d often find myself jolted awake in the early morning hours by the still-blaring TV. At some point in the night, the channels would have switched from traditional programming to late-night “infomercials.” Infomercials, if you’re not familiar, are long-form sales commercials. They could last as long as 60 minutes, and typically followed a “tell-sell” format: someone would stand on a set and demonstrate the product for 50 minutes, typically shouting loudly about the features and benefits of the item. The most famous of these hosts, by far, was Billy Mays, and it was a national tragedy when he died unexpectedly in 2009. These demonstrations were also adopted to shorter 2-minute time slots for regular television hours. Here you can watch Billy Mays’ most famous commercial. These commercials were memorable for many reasons, most notably their outlandishness. But their prices were also catchy...so catchy that they could grab your attention from across the room and stick in your head for a few days after. Inevitably, almost every product you could purchase through these programs cost anywhere between $9.99 and $69.99. And each price always ended in either 99 cents or 95 cents. These companies were using a tactic called charm pricing (also known as "psychological pricing"), a style meant to elicit an emotional response in their consumers and drive them to action. Charm pricing relies on the belief that an odd-numbered price can trigger emotional reactions in people. It's a powerful pricing tool that isn't limited to cheesy American commercials. In fact, almost any retailer can use charm pricing to their advantage. So what is charm pricing, and is it right for your organization? Keep reading to learn more.

Read More What is Charm Pricing?
What is Charm Pricing?

How to Get Your Company Ready for Dynamic Pricing

So you’ve decided that you want to use a dynamic pricing software... But what happens next? It’s a reasonable question to ask. And it usually comes with countless more. What do I need to do besides install the software?...

So you’ve decided that you want to use a dynamic pricing software... But what happens next? It’s a reasonable question to ask. And it usually comes with countless more. What do I need to do besides install the software? Who do I talk to? How long does it take to get started? What is the process? If these questions are swirling through your head, don’t worry. In this post we’ll walk you through the “Roadmap to Dynamic Pricing,” a 5-step approach to organizational dynamic pricing success.

Read More How to Get Your Company Ready for Dynamic Pricing
How to Get Your Company Ready for Dynamic Pricing

How Retail Seasonality is Changing

The seasons have always been a powerful influencer of retail, but do they still matter with the rise of e-commerce? In short: yes, the seasons still influence retail. Though the type of influence is changing...

The seasons have always been a powerful influencer of retail, but do they still matter with the rise of e-commerce? In short: yes, the seasons still influence retail. Though the type of influence is changing drastically. In this post, we’ll explore this “new” seasonality brought in the rise of e-commerce, and examine how you can adjust your strategies to match these changes.

Read More How Retail Seasonality is Changing
How Retail Seasonality is Changing

4 Categories Where Dynamic Pricing is on the Rise

As mobile shopping, the demand for omnichannel experiences, and the number of products increases across retail categories, so does the need for dynamic pricing to manage it. With roughly 20% of all retail purchases in...

As mobile shopping, the demand for omnichannel experiences, and the number of products increases across retail categories, so does the need for dynamic pricing to manage it. With roughly 20% of all retail purchases in the UK made online, it’s obvious that the retail landscape is becoming more digital. Curious about which industries can benefit the most with dynamic pricing? Keep reading. In this post we’ll examine 4 different categories where dynamic pricing is on the rise and give insights on how companies can harness the power of data for better prices.

Read More 4 Categories Where Dynamic Pricing is on the Rise
4 Categories Where Dynamic Pricing is on the Rise

How to Define your Commercial Objective

In our blog Five Steps to Successfully Implement Dynamic Pricing, we encouraged you to start by defining your company’s commercial objective. But how do you determine your business goals? And how do those goals relate...

In our blog Five Steps to Successfully Implement Dynamic Pricing, we encouraged you to start by defining your company’s commercial objective. But how do you determine your business goals? And how do those goals relate to your pricing strategy? A good commercial objective needs work. In this post we’ll explore the process of defining this objective and give you practical advice on how to get started.

Read More How to Define your Commercial Objective
How to Define your Commercial Objective

New Report: Retail Pricing in the UK

What’s the state of pricing automation in the UK retail industry? Omnia surveyed 150 retailers across the country to uncover the answer to this question. We asked these retailers how they use technology in their pricing...

What’s the state of pricing automation in the UK retail industry? Omnia surveyed 150 retailers across the country to uncover the answer to this question. We asked these retailers how they use technology in their pricing and market strategies, then analyzed the results to create a full Retail Pricing Wars report. The results were quite interesting. In all, the data suggest UK retailers struggle to keep up with the rapid pace of e-commerce, and many fight the tide without the proper technological tools. This reflects recent findings from Microsoft that UK retailers fall behind in integrating AI and automation into business.

Read More New Report: Retail Pricing in the UK
New Report: Retail Pricing in the UK

How to Avoid a Price War on Black Friday

There is growing frustration among shops about Black Friday. This is most notable in the fashion industry, because of a consumer tendency to purchase several items of clothing at a discounted price, try the clothes on...

There is growing frustration among shops about Black Friday. This is most notable in the fashion industry, because of a consumer tendency to purchase several items of clothing at a discounted price, try the clothes on at home, then return 14 of the 15 pieces to the store. This phenomenon makes the holiday frustrating for several reasons: It clogs up the distribution network and overwhelms mail rooms around the world It fuels customer frustration when they need to wait for their products because of this pipeline error It falsely inflates retailers’ sales from the day and shows inaccurate stock levels Because of these frustrations, several retailers in the U.K. have chosen to forego the sales holiday this year. And since some evidence suggest that consumer trust in the holiday is declining, it might seem like Black Friday is a passing fad. So why should retailers continue participating in Black Friday?

Read More How to Avoid a Price War on Black Friday
How to Avoid a Price War on Black Friday

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