Pricing the Unpriceable
Certain categories have eluded the best efforts of retailers and data scientists everywhere. But not anymore.
Recent advancements in AI are helping retailers finally price some of the most difficult scenarios with great accuracy.
Scroll or click below to learn how you can better Price the Unpriceable.
When it comes to new products, retailers typically have no better options than to start with the manufacturer recommended price or take their best guess.
Problem is, these methods leave money on the table and could be hurting your price perception.
Learn how enhanced retail science techniques help you optimize introductory pricing right from the start.
AI adoption will drive $113 billion in value by 2025 in the grocery industry alone.
New Products
Fresh Items
Complex Promotions
Loyalty Pricing
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Pricing the Unpriceable
Fresh Items
With small margins, multiple vendors to one product, complicated item hierarchies and high seasonal sensitivity, pricing fresh items is a decidedly complex and often manual process.
But it no longer has to be. New AI capabilities handle the intricacies of fresh and simplify the pricing process.
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Pricing the Unpriceable
Complex Promotions
Even some of the top retailers end up running the same old promotions year after year. Why? Because original offers are hard to predict.
However, consumers increasingly expect more personalized, creative and complex promotions.
Learn how AI empowers retailers to forecast, optimize and measure even the most sophisticated promotional offers.
Pricing the Unpriceable
Loyalty Pricing
Only 6% of shoppers define loyalty as shopping at one retailer for all their needs
56% indicate that "value for the money" is a big factor that impacts their loyalty
Many retailers are left wondering how to earn consumers’ dollars and improve retention in today’s understanding of ‘loyalty’.
The truth is, pricing is more important than ever in growing loyalty. Now science can help retailers offer truly targeted pricing and promotions that will delight customers and keep them coming back.
The new science of retail
Pricing the Unpriceable
What’s the secret to overcoming retail’s toughest pricing problems?
It’s AI. But more specifically, novel data science methods and innovative AI infrastructures that redefine what retail AI is capable of.
What's Inside?
In this guide you’ll learn:
Sources:
revionics.com
© Revionics, an Aptos company. All rights reserved.
"The Times They Are A-Changing: Impact of AI in Grocery." Grocery Doppio
"The loyalty shift decoded." 84.51°, A Kroger Company
“Value for the money a big factor for shoppers." RetailCustomerExperience.com
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Pricing the Unpriceable
New Products
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Why retailers need AI
The biggest challenges to data science
Four essential tenets of retail science
How Revionics built an AI platform
to meet the demands of retail today
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Learn more
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Download Pricing the Unpriceable | The new science of retail, to learn how Revionics AI equips retailers to price the ‘unpriceable’.
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Why retailers need AI
The biggest challenges to data science
Four essential tenets of retail science
How Revionics built an AI platform
to meet the demands of retail today
The biggest challenges to data science
Four essential tenets of retail science
How Revionics built an AI platform
to meet the demands of retail today
Four essential tenets of retail science
How Revionics built an AI platform
to meet the demands of retail today
•
•
•
"The Times They Are A-Changing: Impact of AI in Grocery." Grocery Doppio
"The loyalty shift decoded." 84.51°, A Kroger Company
“Value for the money a big factor for shoppers." RetailCustomerExperience.com
"The Times They Are A-Changing: Impact of AI in Grocery." Grocery Doppio
"The loyalty shift decoded." 84.51°, A Kroger Company
“Value for the money a big factor for shoppers." RetailCustomerExperience.com
