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How Often Is Selling By Price Happening?
Episode 1: Price Compression Series We’re kicking things off in our Price Compression Series with a look at how often selling by price is happening in-store. We know Budtenders everywhere are being asked on the daily “What’s the best value for money?”. We spend time in stores, we hear it. As an industry, the majority of […]
This topic has come up in almost every meeting or industry hangout over the last few months. How are we supposed to combat price compression? EXAMPLE: We dug into the data to analyze how the drop in 3.5-gram flower pricing has impacted Canadian retailers in the past 90 days vs. the same period in 2021. […]
How to Create Successful Promotions: Your Palentine’s Valentine’s Day Tips & Tricks
The season of love is here, and we’ve got some news for you: V-Day isn’t just about THC! This year, why not incorporate some CBD to relax and enjoy a more pleasurable overall experience? Think of combining beverages, body products, sensual products, and of course, edibles! In fact, grabbing some edibles for the occasion is […]
Inventory Series #1: SKU Rationalization
Inventory Management Series: How to Be a Rock Star at SKU Rationalization. SKU Rationalization is a process that allows merchants to re-assess the profitability and value of the products they have in stock. Key word: Process. Why is it a process? Because it requires ongoing optimization. As many retailers know it’s not a ‘one size […]