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

Retail TouchPoints

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs? Barach guides development and customer deployment of antuit.ai

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5 Things to Know About Amazon’s New ‘Style’ Clothing Stores

Retail TouchPoints

Customers also can choose to share additional information such as their style, fit and other preferences in order to receive more refined recommendations, and they’ll receive notifications of in-store promotions curated to their preferences. There will be humans working the store too.

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FTI says online retail sales to hit $1.2 Trillion

Mass Relators

E-commerce sales growth represented 46% of total retail sales growth in 2023, which is consistent with pre-COVID capture rates, and 57% in the first quarter of 2024, its highest rate since 2017, excluding the pandemic period. The report predicts that total U.S.

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What is Artificial Intelligence, and How Does it Impact Your Point-of-Sale?

Star Miconics

In the recent results of 2022’s McKinsey Global Survey on AI revealed that the number of businesses using AI technologies since 2017 has more than doubled. Those insights may give you a potent competitive edge. On top of that, the companies that use AI for marketing and other purposes consistently outperform those that do not.

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How Quick Service Restaurants Can Find Growth Opportunities

Wiser

Giving customers a way to pay and track rewards in one place makes ordering and using rewards easy while giving you a treasure trove of customer data for promotions and menu optimization. By 2017, roughly 30 percent of Starbucks sales came through their app, per a report from GeekWire.

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How to Win with In-Store Competitive Intelligence

Wiser

In 2017 there’s no excuse to be unaware of how competitor displays stack up or how often your competitors run promotions with the plethora of technologies out there aiming to bring this important data to light. She holds a BS in Business Management from Boston College. This means that competitive monitoring is a must.

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5 Ways Predictive Analytics Help Retailers on Mother’s Day

Retalon

Predictive analytics can help you forecast demand, uncover which products have uplift potential, allocate merchandise across channels and stores, and optimize your timing, pricing, and promotions. 4) Optimizing the timing of orders, merchandising, and promotions. 5) Get your Mother’s Day pricing and promotions right.