The Reposs Core EPoS software now allows it's users to compare their selling prices against the major wholesalers and 1000’s of retail stores by using the NEW Reposs Cloud Selling Price Index.
The Selling Price Index is constantly updated, giving our users up to date average selling prices for over 50,000 lines, enabling users of Reposs Core to maximise their selling price where they feel it is appropriate, simply by selecting the average price or using the information to input their own new selling price. Once the change has been made a new shelf edge label can be printed.
Paul Lansdale, Managing Director, Reposs Ltd said “our new Cloud based Selling Price Index gives our users the average selling price from a massive market read. Every retailer has their own local situation to consider, but by using our Cloud based Selling Price Index our users can access market pricing trends so they can make an informed decision on their own selling prices."
"We know from our users experience where we have seen a popular chocolate bar being sold for .68p yet the average is .74p. The sales for the item sold at the average price over a month was 48 bars and the sales for the store selling the same item but at .68p was 42 bars. If the retailer had sold this item at the average price, they would have made another £2.52 in that month and £30.24 over 12 months from just that one item. Imagine the additional profit across the whole chocolate bar range. If they felt an increase of .06p was too much then just a .02p increase across the whole chocolate bar range would still increase their profits significantly. What we have aimed to do is to provide our retailers with real time data so they can make informed decisions and then be able to track the affects of the changes immediately, with the Reposs Cloud Selling Price Index we give our users the data they need when they need it”