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The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. The Rise of AI in Retail Pricing The adoption of AI in retail pricing is accelerating.

Consumer 306
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How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail. This improves productivity and reduces costs.

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AI’s Fashion Impact: From Product Design to On-Demand Manufacturing and Beyond

Retail TouchPoints

AI also is good for improving the predictability level of inventory management. Certain platforms, like Shopify, have AI integrated [into them], so they can look at sales velocity and what I have in inventory and constantly keep me aware of when, and how much, I should be ordering.

Fashion 162
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8,000 Extra Units Sold in Two Weeks: The Power of Data-Driven Pricing Strategies

Wiser

eCommerce Pricing Gaps: Despite the growing importance of online retail, pricing strategies were still rooted in brick-and-mortar thinking, leaving digital shelves misaligned with real-time market dynamics. Stronger Promotional Planning: In North America, the brand identified aggressive online discounting by competitors.

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How to Start a Reselling Business: A Complete Guide for Beginners

Small Biz Trends

You’ll build relationships with suppliers and negotiate better terms, which enhances your sales funnel and inventory management. Dropshipping Dropshipping eliminates the need for inventory. Retail Wholesale involves purchasing items in bulk directly from manufacturers or distributors.

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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

AI-powered data solutions specifically related to pricing optimization, inventory management and advanced demand forecasting for major retailers. David Barach is Senior Director, Solutions Strategy at Antuit.ai, a Zebra Technologies Company. Barach guides development and customer deployment of antuit.ai

Markdowns 278
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Ideoclick Expands Advertising Expertise to Instacart, Walmart and Target

Retail TouchPoints

Other benefits of the platform include: Ability to measure share of search on Amazon : Brands can use Ideoclick’s flagship methodology to compare with peers on percentage of estimated traffic, star ratings, review counts, price points and more for chosen search terms; Holistic “one-stop-shop” management: Ideoclick strategists can help companies build (..)