For many convenience retailers, tobacco remains the #1 sales category. However, government regulations, manufacturer agreements, and price-sensitive shoppers make pricing this category complex and time-consuming.
By systematizing the process, retailers can reduce the time required from weeks to days or even hours and achieve 100% buydown compliance. These initial steps are just the beginning of unlocking additional value within this category.
Through forecasting, optimizing, and localizing product prices, convenience retailers can expand their market share, increase revenue, boost margins by hundreds of basis points, enhance customer loyalty, and improve business predictability.