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The Data Dilemma with Retail Pricing and How to Untangle it

Retail TouchPoints

Many of your retail peers found themselves with the dilemma of missing data — from the lack of customer data, transaction history for certain items or timeframes or sales broken out by sales type (regular/base, promotion and markdown). This is your starting point and your job is to build up and improve it.

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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

As consumers faced higher prices at the gas pump, grocery stores and other places, many cut back on their spending, increasing the competition among retailers. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. ATO attacks cost retailers millions of dollars each year.

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What is Price Management and Optimization?

Retalon

So, what exactly is price optimization and why is it so impactful to retailers? This article will give you a distinct understanding of pricing optimization, the challenges and constraints involved in optimizing retail prices, and the price optimization strategies that leading retailers are employing today to stay ahead.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase. Retailers have to be careful not to suffocate their own demand.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

The direct and indirect damages of lost sales are so great that retailers prefer to markdown unsold inventory, or even get rid of it at cost. Retailers face the challenge of figuring out what the product mix should be, and how much of each product to purchase. Retailers have to be careful not to suffocate their own demand.

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Advanced Retail Pricing Strategy: Unifying PPMO (2022)

Retalon

A good retail pricing strategy is integral – but is it enough? Setting an optimal product price can be a challenging task in today’s dynamic and data-driven retail environment. Missing the mark when setting prices can have a drastic effect on sales and the overall profitability of a retail business.

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DemandTec Unveils Unify, the Industry’s First Autonomous Unified Merchandising Platform, to Level the Retail Playing Field

365 Retail

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. It’s Collaborative: The platform accelerates and streamlines trade collaboration between retailers and their brand partners.