Pricing Management

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Pricing Management

A collection of news, articles and other featured content about Pricing Management.

Pricing, Promotions and Markdown Innovations in the Era of Artificial Intelligence

In the era of AI, retailers are exploring more strategic, channel-specific, and autonomous approaches to pricing and promotions that will drive profitable revenue growth.

What retailers should consider when following these steps as it relates to pricing in the months ahead.

While no single source can accurately predict exactly what will happen, one thing is certain: Science-based pricing, promotions and markdowns will be more critical than ever.

There are three "bricks" which are used to build the "bridge" of the right customer experience between retailers and buyers: pricing, supply chain management and in-store experience. As shoppers' expectations evolve, these bricks need to be optimized.

A look at how retailers should explore their pricing strategies in order to keep their shoppers engaged while also structuring for a long-term healthy business model.

The acquisition, expected to close in September, will add a number of retailers to Aptos’ customer base, including Dick’s Sporting Goods, Tractor Supply Co., Family Dollar, The Home Depot and Ahold Delhaize.

To determine the right course of action in reopening retail, the first step is to evaluate the following questions in order to identify the best price strategy for their business moving forward.

Navigating today's landscape requires a solid strategy — and forecasting should be its foundation. With AI-powered predictions, vendors can utilize historical Amazon data to draw statistical patterns and model multiple situations.

RIS’ annual Pacesetters honors retail executives pioneering ground-breaking solutions across retail verticals. While their skills may vary, every member of the list is boldly setting the pace for success in an industry where technology is evolving by the day.

RIS examines the technologies and strategies needed to take your pricing capabilities to the next level as retail powers full steam into pandemic recovery.

Months of near-lockdown conditions have kickstarted new retail tech strategies and solutions that grocers are ready to embrace. See which ones have been pushed to the forefront and which are ready to move off the back burner.

The one constant in all the chaos is that price remains all-important to shoppers in every sector. 

For grocers, the problem of operational shrink is cutting into profits and contributing to food waste, while consumers are growing concerned about sustainability. To get to the bottom of this complex issue, RIS interviewed Heidi Dethloff to discuss how fresh foods impact grocery shrink and what grocers can do.

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