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Ha! I thought as much. Women’s apparel is a 600B industry. It is highly segmented, and literal armies of people analyze category and product performance across
by hownottowrite 6y ago
Ha! I thought as much.
Women’s apparel is a 600B industry. It is highly segmented, and literal armies of people analyze category and product performance across millions of skus. So spending a lot of time on something like this is definitely not unusual.
- owenmarshall 6y agoIt's really fun to see the moment people realize things like this exist outside their bubble of knowledge. I had some first and second-hand knowledge around pricing household appliances. There's a common assumption that "the manufacturer says 'charge X'", the retailer charges X+Y% and you all go home happy. And you could not be further from the truth if you tried: pricing is an insanely complicated process with negotiation from both sides and monitored by an army of secret shoppers to keep both sides honest.