Apparel Must Be Priced Right
Apparel retailers know that the price is what most shoppers use as a deciding factor in making a purchase. It isn’t the only factor that consumers use. Quality, fair trade practices, style, etc. are all important but when all other things are equal the price often is the only variable.
Since your customer has access to many options and prices through online shopping, your pricing strategy has to take the same multifactor approach. This is why ChainDrive Apparel is an integrated commerce software platform that can handle the complexities of pricing competitively.
Collect The Data & Analyze Accurately
The ChainDrive infrastructure is designed to collect, store, and move data where it is needed. This access to information is both historical and current so that analyzing the factors in determining pricing is accurate. You aren’t setting the price too high so that the sale is lost to a competitor but you aren’t setting it so low that the sale is a loss in your bottom line. An analysis is streamlined and insightful, enabling you to identify trends and purchasing patterns including the optimal price points for your products.
Software Designed To Fit Your Needs
Apparel retailing involves far more than a price tag. That’s why ChainDrive Apparel is specifically developed to fit the unique needs of apparel retailers. Along with superior analytics, there are tools like advanced point of sale capability, planning & open-to-buy, allocation, replenishment, and a grouping function that manages products the way that selling apparel actually works.
The smart product assortment component and product analysis let you determine exactly what will sell and where the optimal price point should be. Intelligent allocation and automatic replenishment enable proper maintenance of stock levels and location. Performance and product management is intuitive and optimized.
Apparel retailing is a highly competitive market, and ChainDrive gives you the omnichannel capability to stay relevant and successful. ChainDrive Apparel is a flexible and functional system that can be customized for specific applications and is fully supported by professional teams.When you utilize ChainDrive, you are able to offer your customers the apparel they want at the price they identify as best. This results in making many sales and increasing their loyalty to your brand.