KSS Retail

PriceStrat can help your company achieve optimal profit potential. PriceStrat applies the “what-ifs” of merchandising scenarios and automates the grind of data collection and analysis so you can make smarter pricing and promotional decisions faster. And it does this at your command, 24/7, with the most current data available. Click here to learn more.

When you use PriceStrat to assist your decision making process, your business will benefit directly by the ability to:

• Implement and ensure the integrity of pricing strategies.
• Manage vendor promotional opportunities to ensure consistency with pricing strategies.
• Optimize ad planning to produce timely and productive campaigns.
• Develop and maintain effective competitive pricing strategies.

Technology

PriceStrat is based upon exclusive science developed and owned by KSS Retail and built specifically for retail. Our technology is predictive, adaptive and self-learning so that its accuracy benefits from not only raw historical data, but from the rules and experienced nuance that you introduce. Thus, it improves over time. PriceStrat even self reports its confidence in the forecasts and recommendations that it makes. The rules engine assures compliance with your company’s rules, defining how to gain competitive advantage, how to deal with tiered rounding, spread and parity, and how to achieve targeted category total gross margin.

The optimization engine fully considers the impact business pricing rules, cross product relationships, competitive influence, financial targets and optimization objectives for all modeling activity.

Services

We practice continuous product improvement based upon input we receive from our clients.

We also provide consulting services and are able to advise you on merchandising trends and best practices.

KSS Retail Professional Services Organization
KSS Retail’s Professional Services organization is composed of industry experienced people that know retail, because they’ve lived it. A successful price optimization implementation is dependent on understanding the challenges and processes of pricing. This understanding allows the KSS Retail services team to leverage industry and customer best practices to ensure your success with price optimization. Success means taking care of the technical details, but also means understanding your pricing strategy, who your key competitors are and should be, how to stage a roll-out and knowing what categories you should focus on first. By knowing retail, your time is saved from having to explain your business, and can be focused on conversations and planning on how to win in your market.

In addition to implementation services, the KSS Retail team can assist you in other areas including:

• Price Zone and Store Clustering
• Market basket analysis to determine key items
• Competitor analysis and what pricing strategies will work
• Overall strategy development and category role definition

KSS Retail has been providing optimization solutions for over 13 years and is committed to your success with price modeling and optimization. For more information on our implementation methodology or to speak with one of our industry specialists, please contact us.