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What is the Price of Customer Loyalty?
There are many ways to maintain customer loyalty, but experts say consistent and transparent pricing may be the most important. “It’s a service equation that has to be informed by using pricing intelligence, which ensures an interconnected and consistent shopping experience,” said Jim Sills, founder and CEO of Clear Demand.
Deploying a Data-Driven Pricing Strategy. Focus on Customers is Key.
“Emerging best practices in pricing technology leverage advanced demand science that analyzes sales data to produce “fact-based” insights; and rigorous rules engines that achieve goals for price image and competitive position without losing margin,” said Jim Sills, founder and CEO of Clear Demand.
Tech Guest Viewpoint: Avoid Merchandise Optimization Confusion
Merchandise optimization must deliver and reverberate success among store and online channels. It must drive shopper loyalty, and must be executed to maximize margins, beat competitors and draw in your shoppers,” said Jim Sills, founder and CEO of Clear Demand.
Clear Demand helps Retailers with Store Brand Pricing Strategies
“Private label and national brands substitute differently across sizes,” said Jim Sills, Ph.D., CEO of Clear Demand. “In some cases, adjusting the price gaps between size and brand can restore the value of a private label item.”
It’s a Good Idea – Price Optimization in Real Time.
Since food is a commodity and we treat it that way at the wholesale level, and since free market economics are all about ‘Supply and Demand’ shouldn’t we take that whole concept and philosophy down to the street level? Well, we kind of do that now right? Read how current pricing technology align supply and demand.
Price Optimization: A Checklist for Retailers
“Retailers expect vendors to inform and support retail pricing strategies with technologies that really work. The good news is that price optimization can be a proven game-changer for retailers who choose to ‘get it right’. Here’s a reality checklist for retailers to examine what I call price optimization 2.0.” Jim Sills, CEO. Clear Demand
Retail Pricing Strategies. How Low Should you Go? NRF Stores Magazine.
Pricing remains a cat-and-mouse game between retailers and consumers – a ‘race to the bottom’ affected as much by consumer attitudes as the state of the economy. The question among retailers is not “How low can you go?” but “How low should you go?”
Effective OmniChannel Pricing Requires OmniScience. NRF Stores.
“Retail pricing will become highly visible, real-time and localized,” said Erik Lystad, Senior Manager Pricing Strategy, The Home Depot. “To succeed in such an environment, a pricing strategy must be articulated and nuanced, defined in advance and based on fast and accurate competitive intelligence.”
CIOReview Names Clear Demand One of 20 Most Promising Retail Solution Providers for 2014
“The playing field between online and ‘Brick and Mortar’ stores has to be leveled, which begins with more dynamic competitive pricing, more rigorous and automated retail price management and evolved pricing science and price optimization software which respects merchant rules.” Jim Sills, CEO. Clear Demand
Big Data Omni-Channel Pricing Solution for Retailers
“We are seeing some amazing changes in retail today; the shoppers have changed, the market has changed as well as the technology.” Jim Sills, CEO. Clear Demand
Playing the Price Game. How ‘dynamic pricing’ strategies could change retail.
“Dynamic pricing is something different and innovative in which all retailers, regardless of size can participate.” Jim Sills, CEO. Clear Demand