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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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.
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How Ecommerce Retailers Can Make the Most out of Tough Economies
What a difference a couple of years makes.
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Increasing Cost of Returns : Pureplay Ecommerce Companies Can Fight Back
Though ecommerce companies have no doubt enjoyed the pandemic-fueled surge of the last two years, growth of the sector has created a new challenge: returns.
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Inflation: How Ecommerce Retailers Can Mitigate its Effects
Higher prices are here to stay. As a result, consumers are having to spend more on things like food, gas, and other staples — and many ecommerce companies are suffering as a result.
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Profit Rules, But Price Will Always be King
Price optimization can help midsized ecommerce retailers to secure a profit margin and compete with the industry’s giants, but the experience of using analytics systems has to improve.
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The Profitability Puzzle Facing E-commerce Retailers
The e-commerce industry is making moves to defend its margins. The ability of online retailers to balance price with profitability will determine who wins in volatile markets.
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Why Profit is Becoming Priority #1 for Online Retailers
As the e-commerce industry matures, it faces many of the same challenges as traditional retail. Mastery of data remains the key to success, but what that means is evolving.
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Use AI to Enhance these 12 E-Commerce Pricing Strategies
The pandemic created favorable conditions for e-commerce retailers. Curbs on human interactions, including stay-at-home advice and shuttered stores, saw online shopping reach an unprecedented 15.7 percent of total U.S. retail spending in the second...
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Accelerated Intelligence: Moving at the Speed of Business
Speed-to-market has been an age-old tenant of successful businesses; the companies that can reach customers with the right product or service the fastest often grab the biggest market share and establish their foothold with their target audience. Today,...
