As an Amazon reseller, you’re constantly faced with the challenge of standing out in a crowded marketplace. Central to this challenge is the battle for the Amazon Buy Box—the holy grail of visibility and sales. However,...
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7 Key Factors That Impact Online Retail Gross Margin
Gross margin is an indicator of how well the c-suite manages a company. Online retailers have to manage their gross margins just like traditional retailers, which involves the interaction of revenue versus the cost of goods sold. What are the factors...
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How AI Is Constantly Transforming the Retail Industry
In 2021, businesses spent an estimated $2.9 billion on products providing AI to the retail industry. With a compound annual growth rate (CAGR) of 34.1%, the global market for AI-driven retail technology will expand to $17 billion by Q4 of 2028. Many...
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The Smart Retailer’s Guide to Competition-Based Pricing
In the 2010s, flagship smartphones first crossed the $1,000 price point with Samsung’s Galaxy Note 8 and Apple’s iPhone X, but many consumers have noticed that the once high-water mark price has become standard as competition-based pricing has kept...
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The Role of AI in E-commerce Optimization
This year, e-commerce sales will surpass 5.7 trillion dollars by the end of 2022. Companies compete to capitalize on increased online shopping demand by improving the user shopping experience. Yet, nothing has more profoundly influenced consumer behavior...
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How to Make Your Price Setting Process More Efficient
Pricing products has become far more complex due to inflation and recession worries. As a result, the cost of goods rises while shoppers spend less. So, when eCommerce brands raise prices to offset new costs, they risk losing customers. However, keeping...
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9 Things to Look For in a Pricing Platform
Recent studies have projected that the global market for price management and optimization software will grow at a compound annual growth rate (CAGR) of 16.3% through 2031, capping $6.5 billion in total value. The integration of new technologies such as...
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How to Ace E-commerce Optimization in 2023
As a bleak holiday spending season – and possibly a recession – approaches, business leaders must focus on e-commerce optimization strategies to overcome upcoming challenges.
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What Is a Pricing Engine and Why Do You Need One?
In 2022, 44% of ecommerce businesses and retailers reported using automated pricing technologies, such as price engines, to drive profits and mitigate losses from inflation and decreased consumer spending. As the list of companies already using pricing...
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Things Machine Learning Reveals About E-commerce
Machine Learning is a subfield of AI that use algorithms and data sets to help forecast and formulate conclusions of AI. An online grocer used machine learning in e-commerce to implement inventory and pricing practices that reduce food waste by 40%.
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4 Ways Predictive Analytics is Redefining E-commerce
When most people leave their jobs, they lose their salaries, benefits, and a desk. When Ronald Wayne left his job, he lost $280 billion.
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Dynamic Pricing: The Only Guide You’ll Ever Need
Whether they know it by the name dynamic pricing or not, most consumers are aware that many businesses employ variable pricing according to conditions of supply and demand. Users of ride-sharing apps likely understand the surge pricing dynamic pioneered...
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How to Make This Holiday Season Your Most Profitable Ever
The holiday season accounts for as much as 30% of annual retail sales. Despite the economic hardship of recent years, holiday spending has continued to grow year over year, up about 8.5% from 2020, and it isn’t showing any signs of slowing down.
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4 Ways Retailer Business Intelligence Wins You Market Share
Far from being slowed down by COVID, the retail industry has grown rapidly over the last few years. Both brick-and-mortar and online commerce platforms have seen significant growth as companies continue to develop new products, new advertising channels,...
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Inventory Intelligence: An AI-Driven Category
After spending 2021 anxiously awaiting millions of tons of merchandise and materials trapped on cargo ships in deadlocked queues around the globe, retailers face an entirely new problem in 2022– swelling inventories in an economy where purchasing is...
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It’s Time to Build Profitability: Profit Optimization During Recession
Across industries, nearly everyone agrees that if it hasn’t arrived yet, the recession is coming soon. The real question is, how long will this recession or set of recession-like conditions last? Does our current economic ride end in a hard or soft...
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Back in the Black, Move Swiftly: Using AI to Drive Profits in a Recession
As the prospect of a protracted recession looms large, you’re likely evaluating what you can do to help reduce operating costs and increase profits. Solutions of the past won’t suffice – consider new strategies such as using artificial intelligence (AI)...
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Can Ecommerce Businesses Afford Lower Profits to Combat Excess Inventory?
While reporting its quarterly earnings last month, Walmart made headlines by announcing that it was lowering its profit guidance for the upcoming year.
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DTC brands see share prices plummet. How can they do to restore value?
In 2021, many direct-to-consumer (DTC) brands — including Allbirds, Warby Parker, and FIGS — went public. In fact, IPOs among these types of companies were up more than 100% from the previous year.
