Schedule time with Eversight at Groceryshop, September 15-18, 2019 Learn More

Schedule time with us at Groceryshop Learn More

Retail Pricing

Continuously optimize pricing with AI-powered experimentation.

Turn your store network into a dynamic learning lab
and rapidly respond to today’s digital environment.

  • AI engines automatically test prices and promotions across your
    store network to inform continuous optimization
  • Software-as-a-coach empowers merchants to focus their attention
    toward the highest impact decisions
Experimentation
Experimentation

Drive sales and margin improvement by continuously optimizing pricing in a dynamic environment.

  • System generates balanced experiments that flex prices up and down in real-time across your store network

  • AI continuously identifies price points optimized towards desired category objectives

Works With

  • Paper Tags
  • Electronic Shelf Labels (ESLs)

Captures

  • Elasticity
  • Competitive Response
  • Cross Effects
  • Pricing & Promotions
Merchant Coaching
Merchant Coaching

Continuously improve as the system coaches merchants toward high impact decisions.

  • Software-as-a-coach empowers merchants to focus their attention toward the highest impact decisions

  • Management by exception allows merchants to focus on what matters while routine actions are automated

Improve

  • Revenue Growth
  • Shopper Engagement
  • Circular Planning
  • Speed to Response
  • Competitive Edge
  • Merchant Effectiveness

MAGIC PRICE POINTS FOR BANANAS

Perimeter Category
Leading Grocer

  • TESTED new prices via AI-powered experiments at shelf and revealed:
    • “Threshhold” price -> Volume falls > 40% when price increases from $0.59 to $0.60
    • Raising price from $0.64 to $0.66 increases volume by 2%
  • COACHED merchant users through high impact price changes while automating other routine checks and prices updates

Real Example - Bananas (U.S.)

+13%
Sales
+2%
Units
+0.4%
Margin Dollars