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Retail

Consumer Sentiment is Plummeting-How Will Your Company Adapt?

While it’s fair to say there’s plenty of disagreement among many issues these days, most consumers—across all income levels—generally agree on something: a sense of pessimism surrounding our current economy. So says the Index of Consumer Sentiment, a widely regarded metric from the Surveys of Consumers, as tabulated by the University of Michigan.

The Best Replenishment System...Might Be the One You Already Have

During our very worthwhile appearance at NRF just a few weeks ago, quite a few questions from visitors to our booth revolved around the ongoing challenges affecting retail replenishment. Nobody needs to belabor the problem—our post-pandemic economy is still plagued by unwieldy supply chain disruptions, leaving retail customers regularly disappointed with empty shelves—leaving them little choice but to consider competing stores (or online options) for everyday items they rely upon.

Convincing Your Sceptical CFO That AI Can Help You Hit the Pricing Sweet Spot

When engaging retailers in discussions about AI-driven lifecycle pricing solutions, there are usually two types of decision makers. The first are senior decision makers, namely CFOs who need strategic control and visibility of business performance and operations. They also have the budget needed to make investment decisions. While focused on business efficiency and margin, they may approach decision making differently, with a greater focus on strategic control and visibility.

How Walgreens Uses AI to Boost Customer Satisfaction and In-Stock Availability

One highlight of NRF 2023 was our well-received co-presentation with Walgreens Group VP Andy Kettlewell, joining our CEO, Sivakumar Lakshmanan to discuss Walgreens’ landmark AI demand planning transformation—serving 9 million daily customers’ health and wellness needs across almost 9,000 stores nationwide.

How AI is Redefining Direct Store Delivery

For those outside the grocery industry, direct store delivery (DSD) is a distribution model used by manufacturers/CPGs that entails delivering products directly to retail store shelves. This model is extremely conducive for perishable food categories. During your typical grocery shopping, you may notice that store employees these days do relatively little replenishment in the aisles.

AI retail solutions: Market basket analysis

Retail is being reinvented by Artificial intelligence, and Machine Learning and retailers are challenged to respond to customers’ needs and preferences. From personalised promotions to inventory management, there is a wide spectrum of ai use cases in retail that are addressed by technological innovations. It is an industry that is rich in data, and more than using it to connect dots, machine learning retail solutions needs to gather insights to offer a better experience and retain clients.

AI/ML in retail: how the shopping experience has changed

AI/ML is reinventing the reality of many industries, including retail. From brick-and-mortar stores to online marketplaces, retail companies are all increasing their investments in artificial intelligence, in order to gain a competitive advantage, better understand their customers and solve some of their long-lasting problems.

The Biggest Ecommerce Challenges This Black Friday

We recently featured in Ecommerce Age. If you missed the write up, you can catch up in full, here… As ecommerce continues to outdo the high street, Black Friday sales are becoming as much of a tradition as Christmas dinners. But shoppers are very influenced by external factors, from the economy to website experiences. We outline the key ecommerce challenges this Black Friday…

Is Your Ecommerce Site Ready for Black Friday and Cyber Monday?

The holiday shopping season is one of the most stressful periods for operators of retail and ecommerce businesses, as the seasonal surge of holiday shoppers can put massive amounts of stress and strain on even the most well-architected websites. Here’s a recent example from 2021: The Office Depot website suffered an outage during Cyber Monday that knocked the online shop offline for hours, impacting the ability of customers to place orders online.