Operating Responsibly During a Pandemic
Retail sales declined 16% in April, according to a recent report from the Commerce Department, marking the largest two-month decline on record. As the COVID-19 crisis continues to…
Strategic Pricing for Fashion Retailers in Times of Uncertainty
As fashion retailers are reopening around the globe and getting back to business, the need for more strategic pricing capabilities to improve the bottom line is becoming a clear need versus a want. After dealing with several months of uncertainty, the importance of technology to…
Retail Pricing: How Leading Retailers Are Leveraging AI to Fight Back
The first blog in this two-part series focused on the primary challenge facing retailers today: mega-retailers have forced prices down, based on their economies of scale and hyper-optimized supply chains. Smaller retailers have responded by creating short-term promotions that draw shoppers into the store, but…
Retail Pricing: Understanding How Power Shifted to the Consumer
Remember the good old days when retailers controlled pricing? With limited competition, they were able to offer standardized assortments across all their sales outlets, purchased in a manner that delivered the lowest possible unit cost. Pricing was based on a set of established rules, defined…