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Pricing & Promotion Management

Price Management is critical to the success of all retailers. Managing inventory turn leads to profit and ultimately survival. WinRetail® Enterprise Retail Management System allows for price management on many levels.

• Markdowns:Your first markdown should be your best markdown, allowing for a minimal amount of profit loss. Using WinRetail, you will see inventory levels as well as sales history during the markdown process, thereby eliminating the need to run several reports to find out this critical information. Fast features like taking a markdown by a percent and rounding to special price points are built in feature in WinRetail. Using these features, you can take a 25-percent markdown on a group of items and round to 99 cents with a click of your mouse.


• Promotions:Special events that require time sensitive promotions are easy with WinRetail. Pick your start date, end date and then go on vacation; WinRetail will take care of the rest. That includes sending an alert to the store as to when to markdown the items, and when items go off sale. Using the same smart features of Markdowns, you’ll be able to see what is on hand and what promotional items you sold before you post your event. Of course, you’ll see the promotion dollars that will be affected during the promotion.


• Deal Pricing:From BOGO to 2-Fers, our Deal Management module will guide you through the process. From buy any dress and get a purse free or buy 3 pairs of shoes and get 10-percent off your purchase, WinRetail Deal Pricing handles it right through POS and through to the analytics afterwards. All deals can be date driven or selected for over 20 item attributes.


• Cross Channel Marketing:Cross channel retailers need to have one system to manage pricing and promotions to manage at an optimal level. WinRetail dramatically enhances visibility into your multi-channel business through one interface where you manage all profit centers. You will know in one place what pricing methodology is active in stores, web and catalog. You will also be able to strike a healthy balance between the channels, and the steadiness for each profit center to support each other for a successful cross channel business