Boost your profitability this holiday season by syncing promotions with weather data Did you know that weather accounts for nearly 30% of year-over-year fluctuations in retail sales? No other outside variable impacts consumer demand as frequently, directly, and meaningfully as changes in the weather. With the winter holidays upon us, retailers have an opportunity to

In the face of economic challenges, rising inflation, and shifting consumer habits, retailers are under increasing pressure. As spending tightens, promotions have become a key tactic for businesses looking to maintain customer loyalty and stay competitive amidst the financial strain. Table of Contents 1. The state of retail: understanding the turmoil In 2024, inflation remains

How to master retail promotion optimization in 2024 Promotions are a persuasive strategy to drive sales and the overall bottom line. Despite how powerful promotion optimization can be for a business’s success, most retailers struggle with promotion management from inception to execution. Historically, retailers found it challenging to promote the right items, at the right

Merchants are the architects of promotion management and the driving force behind the scenes, orchestrating the entire lifecycle of their products and bringing promotions to life.

In a data-governed market with reduced profit margins and growing inflation effects, retailers are striving to connect with their customers on a deeper level and create sharper and more accurate promotions that resonate with their needs. The key to ending the struggle? Data-driven targeted promotions. The good news is that retailers are moving away from

In the current retail landscape, deal management is often bogged down by spreadsheets, duplicative efforts, and disjointed collaboration. To fully benefit from the transformative potential of AI and machine learning, the traditional deal handshake between retailers and vendors must undergo a pivotal shift, with data-driven practices replacing outdated ones. This blog will explore data-driven deal

Promotion Planning in retail is no mere linear path, as it represents a web of interconnected workflows, operations, and roles that link up to deliver the final product. From analyzing historical data and looking into industry and consumer trends to creating a campaign and overseeing pricing and promotions, category management plays a pivotal role in

With the rise of online shopping, brands are seeking innovative strategies to captivate the attention of consumers navigating the digital marketplace. Enter Retail Media Networks – the driving force behind modern retail promotions. These networks are the go-to tools for retailers and brands looking to connect with customers, boost retention rates, and more. Throughout this

In the fast-paced world of retail, staying ahead means embracing the latest technology. Machine learning (ML) is becoming a game-changer for optimizing promotion effectiveness when implementing the retail strategy. In this blog, we will explore how ML is reshaping the retail promotion landscape and why it’s so important to maximize promotion effectiveness. Table of Contents