It’s no secret that price remains one of the top factors influencing where consumers choose to shop. And while digital and mobile tools provide consumers with more access to price information than ever before – retailers have greater access to sophisticated, science-driven demand analytics that can help optimize those prices. Price and promotion optimization technology […]
New Solutions Unveiled at NRF Conference Provide Faster, Easier Access to Customer Insights and KPIs, Enabling Smart Decision Making and Improved Performance CINCINNATI, OH –JANUARY 8, 2015– KSS Retail, from dunnhumby, announced today two groundbreaking innovations designed to help merchandising and category management teams better leverage customer science and big data analytics in their pricing […]
New PriceStrat® Release Empowers Omnichannel Retailers to Improve Speed and Competitiveness in Price and Promotion Strategy CINCINNATI, OH – August 14, 2014– KSS Retail, from dunnhumby, today unveiled a major update to its industry-leading PriceStrat® price and promotion optimization solution for merchandising and category management teams. PriceStrat version 5.4 boasts new automation capabilities and advancements […]
Nearly half of retailers say their pricing strategy has become more promotions-driven over the past three years, according to the annual RSR Research survey on pricing practices. Meanwhile 55 percent report an increase in the volume of price changes they are sending to stores and other channels.