Bad pricing can be a death sentence in retail. It would be best to have the right pricing strategy to operate in this ultra-competitive landscape. Here is the game-changing solution to help you achieve that.

The Pricing Predicament: Challenges Galore

• Customers question your prices, leaving you scrambling for justifications.
• Suppliers are inquiring about your price, and you're unsure how to respond transparently.
• Endless hours spent analyzing historical pricing data to determine what works for you.

We've developed a cutting-edge solution that puts you back in control of your pricing strategy.

Introducing the Game-Changing Pricing Tool

Our innovative Point of Sale (POS) software boasts a revolutionary "Price Change" feature that revolutionizes pricing management. With just a click, you gain access to:

• A comprehensive pricing history for every product
• Effortless cost and retail price comparison (displayed in red and blue)
• Historical data to inform your pricing strategy

This will set you apart from the competition.

How to use this price-changing tool

You will find a Price Change screen in green above in the stock item. 

Now when you click that, you get another screen with the cost price shown in red and see the blue arrow, you have your retail price. 

Now, you have a complete history of the costs and retail prices and can sort by date. This can help you determine your retail pricing strategy and the right product price.

With just this click, you gain access to:

• A comprehensive pricing history for every product
• Effortless cost and retail price comparison (displayed in red and blue)
• Historical data to inform your pricing strategy

In my experience, the process is quick to do. Also, what I find very useful is assessing the price vs. sales. There is no point selling too cheap if you can get more.

Elevate Your Retail Success to New Heights

Don't let pricing hold your business back any longer. Take control of your pricing strategy today and unlock a new level of retail success. Your business's future is in your hands.

Many of you currently have items on sale that are going out of sale. The problem can be that although you take the sale down, some items you may have missed in the point-of-sale system are still being marked as being on sale even though the sale is over. As such, you could accidentally sell items at the wrong price.

Running promotions and sales events can be a great way to boost revenue and clear old inventory. Failing to end discounts promptly can lead to significant losses for stores. Here's an overview of how accidental sales can quietly eat into your margins.

A Few Mistakes Can Cost Thousands 

Studies show that, on average, 3-4% of items scanned at registers are wrong. Every $500,000 annual sales translates to $15,000-20,000 in possible lost sales. A handful of significant mistaken markdowns per day can easily total thousands of dollars in losses over a year. It can also cause legal problems.

Solutions to Stop Erroneous Sales

To avoid leaving money on the table from incorrect prices, retailers should:

- **Set expiration dates on all sales and promotions.** This ensures your point-of-sale system stops discounts promptly once a sale ends, but as sale labels may remain on shelves and products after promotions expire. This can cause problems with label showing incorrectly an expired discounted price.

- Staying vigilant to end sales on time and audit pricing often can help retailers stop losing profits to erroneous discounts. Just a little prevention goes a long way to bolstering margins.

Here is a quick way of finding many of these items.

What you can do is this.

Go to the stock system.

Select Sales Promotion here.

Which pops up a screen like this.

Select reports (marked with Green)

Now put in the dates in this case marked with a black arrow, I selected January and out pops a report of all items that in this period that are affected. Now you can investigate.

Staying on top of removing old sales and auditing pricing is often the best way to stop losing profits from products ringing up wrong after promotions end. A little vigilance goes a long way.