Shortly before their closure, Toys R Us slashed nearly all their prices by 10-30% in a desperate attempt to bring customers in, but the customers never came. Despite this store-wid…
What is a dynamic pricing algorithm? A dynamic pricing algorithm is a code-driven technology that adjusts prices in real time based on dozens of both pricing and non-pricing factor…
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Retail analytics and big data basics A successful retailer today cannot do without up-to-date large data volumes. In fact, we need so much information, we even call it “big data.”
What Is Bundle Pricing? Bundle pricing is a strategy where retailers sell a bundle of products for a lower total price than if each product were sold separately. Classical bundle p…