Different promotional systems destroy price trust and consolidation alone will not fix it

Many retailers are investing heavily in promotional programs, pricing analytics, and demand forecasting as data visibility has improved dramatically over the past decade, and the sophistication of promotions has grown alongside it. However, shopper trust goes in the other direction.

Arvid Stenback

VP of Solution Architecture, Pricing and Optimization at RELEX Solutions.

Recent findings show only 32% of consumers say they feel confident that promotions offer real savings. When that confidence wanes, consumers quickly adjust, whether it’s switching vendors, buying less, or avoiding promoted items altogether. So, if marketers have more data and better tools than ever, why is trust diminishing?

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