New Pricing Feature: “Liquidation”

Are you looking to optimize your inventory and boost sales? Discover how our new Liquidate option in SKU Settings can help you set custom pricing rules for a smooth liquidation process!

We’re excited to introduce a new pricing feature in the Pricing Management Page > “SKU Settings” > “Brand Pricing Configuration“: the Liquidate option for SKUs. This new feature allows you to set custom rules to help manage the pricing of products you want to liquidate smoothly.

Key Changes:

• You’ll now see a Liquidate checkbox in addition to the New Product Launch checkbox in the SKU settings. Please note that “New Product Launch” and “Liquidate ” cannot be selected at the same time.
• A Liquidate Pricing tag will be added to the SKU. If you disable the Liquidate rule, this tag will be removed.
• When you select the Liquidate checkbox, you’ll see a new panel with the following options:

Description:

1. Sales Price – “Set the Initial Price, Condition, and Price Decrease Rate if you want to liquidate this product.”

2. Determine Condition and Decrease Ratio – Overall Rule: “Your initial price will be [X], and the price will decrease by [Y] If the sales target of [Z] units is not reached in [W] days, the price will continue to decrease at this rate. Once the target is hit, the price will go back to the original value.”

This new option provides more control over how you manage product pricing, especially for items you wish to liquidate. It’s an easy way to set up rules for automatic price reductions based on sales performance.

Note: The Liquidation configuration was previously available under the “New Product Launch” feature. While keeping that feature unchanged, we have now added Liquidation as a separate, new feature.