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Single Price Point

Discussion in 'Leadership' started by KillerTL, Nov 22, 2016.

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  1. Sisyphus

    Sisyphus Cat Herder in a Potemkin Village

    What did you do with sporting goods and office?
     
  2. Sisyphus

    Sisyphus Cat Herder in a Potemkin Village

    NONE THE SAME PRICE?!!!!
     
    commiecorvus likes this.
  3. Tar Ghetto

    Tar Ghetto Active Member

    Target doesn't have enough product in all of its stores to push SPP as much as they are. As you descend in volume it becomes a lot more difficult(and expensive) to create single price point endcaps, because it ends up taking more hours to find product, and then change it again quickly after when it blows. This SPP obsession is very costly to lower volume stores like mine (C volume). I could pull it off at my old store (A volume).
     
  4. Tar Ghetto

    Tar Ghetto Active Member

    And the create a sales planner app kinda blows asshole.
     
  5. Sisyphus

    Sisyphus Cat Herder in a Potemkin Village

    download.jpg
     
  6. Unsilent

    Unsilent SFSFSFSFS

    SPP Salesplanners are still coming down, it's here to stay.
     
  7. Sisyphus

    Sisyphus Cat Herder in a Potemkin Village

    All I know is in my Potemkin Village we are done swimming upstream.
    We don't care if the ec has to be filled with cheap crap from playground, the ec will be spp.
    We don't care if it doesn't sell, the ec will be spp.
    We don't care if guests can't find the electric blankets (etc) in winter they go to the back, so the ec will be spp.
    We don't care if some of the things on the spl make it to the floor only when they go clearance, the ec will be spp.
    We are done swimming upstream...
     
  8. RhettB

    RhettB I've forgotten more than many young ETLs know.

    You have some leeway... If your endcap has say, 4 items on it, and they vary in price by $3.. Add the higher price items to a TD, essentially lowering the price, and make your SPP. Of course this wont work for plastics, but small appliances and toss pillows it would.
     
  9. Tar Ghetto

    Tar Ghetto Active Member

    Whatchu talkin bout....
     
  10. Yetive

    Yetive Servant of 2 Masters

    Yup.
     
  11. PlanoBitch

    PlanoBitch Active Member

    I just set them as they are. Nobody said anything. I actually got all but 4 endcaps set total this week and that's just because clearance was on those 4 endcaps. Nobody said anything about it so I am doing the same thing this week with sport and small apps. Pets sales planners came in as SPP so I'm hoping that means that more will start coming down like that.
     
    Hardlinesmaster likes this.
  12. RunForACallBox

    RunForACallBox Hardlines TL/Digital Advisor

    I said the same thing. My idea would be to have all ECs be store option with plans for suggested items to be store tied to that EC. If it blows out, sells terribly, untie everything and set something that will sell/excess items or if it is needed for clearance. Take all SPLs off TWT so it doesn't affect if it needs to be killed.
     
    Hardlinesmaster likes this.
  13. RhettB

    RhettB I've forgotten more than many young ETLs know.

    On the sign/label PC, there is a price management menu. In that function you can alter the prices of any item as you see fit. Then add it to a set of promo date ranges. Of course this requires a higher privilege login. I have used it on a toss pillow endcap where the prices were $2 difference, some candles that were within 1 cent of each other, as well as marking down some short dated dog food.
     
  14. RhettB

    RhettB I've forgotten more than many young ETLs know.

    This used to work over 10 years ago when you could go shopping in your stockroom and had options aplenty to pick from. Now you barely get enough product to sustain the home location and the sales plan.
     
  15. Tar Ghetto

    Tar Ghetto Active Member

    There was direction from HQ a while back to stop using store TPC for anything besides approved departments in meat and produce because it affects replenishment too much...
     
  16. Rock Lobster

    Rock Lobster Executive Team Leader Moderator

    Right, he is not using the TPC function though, simply adding items to already existing HQ generated promotions. They do not track those and I use it all the time!

    The easiest thing I do is just shop receiving. I just look for pallets of stuff we have tons of in there and make those into statements. Add them to a promo if the margin is high on them or if there is a slight variance between them. Bonus points if the boxes still have the "deep" inventory stickers from last year on them!
     
    Hardlinesmaster and SFSFun like this.