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Utilizing the External Data Boom for Digital Shelf Optimization

Retail TouchPoints

Constant competition with other shelves for visibility drives the need for digital shelf optimization. Web scraping can help acquire real-time intelligence to keep your shelf moving to the forefront of the virtual marketplace that is forecast to reach $8.1 The second comprises price, text and visuals that define your product offer.

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Price Chopper Expands Food Waste Reduction Efforts

Retail TouchPoints

Price Chopper/Market 32 has expanded its partnership with fresh grocery platform Invafresh , which already helps the 131-store supermarket chain prevent 20 tons of food from being wasted each week.

Supplies 264
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Future Forward: Zero-Party Data and the Evolution of Retail Advertising

Retail TouchPoints

If your brand is in this category, there is no need to worry — there’s a bright spot at the end of the tunnel. Retail brands need a compelling rationale to establish fair and just connections with customers through a privacy-centric approach for a successful zero-party data strategy.

Retail 264
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How the Store of the Future will Track Shopper Behavior Ecommerce-Style

Retail TouchPoints

What we’re talking about is how retailers today are using practices developed in ecommerce environments to turn their stores into data-rich sources of information, and then act on that intelligence. Rema 1000 x Revionics Photo courtesy Rema 1000 Norwegian discount grocer Rema 1000 faces intense competition to keep its prices low.

eCommerce 286
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Top 4 Strategies for AI-Powered Profitability

Retail TouchPoints

Enter artificial intelligence (AI). This sharp increase is attributed to surging demand for AI-powered retail solutions as the industry continues to undergo digital transformation. Competitive pricing. Competitive pricing is a key strategy to build customer loyalty and increase sales. billion in 2021 to $31.18

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Academy Sports + Outdoors Expands Revionics Partnership to Optimize Customer-Centric Pricing

Retail TouchPoints

Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. Revionics software allows Academy to take a customer-centric and data-driven approach to pricing,” said Govind Madhu, SVP Merchandise Planning and Allocation at Academy in a statement.

Outdoor 227
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How Enterprise Modernization and Artificial Intelligence are Charting a New Course for the Consumer Industry

Retail TouchPoints

The latest Consumer Price Index (CPI) data highlights a significant deceleration in inflation, now standing at half of last year’s peak. The path to surviving and thriving in this evolving landscape is paved with the need for robust, integrated and flexible technology systems.

Consumer 246