To succeed, fashion and apparel retailers need to get almost everything right—that includes accurately forecasting clothing sizes to meet customer demands, which is certainly one of the industry’s central, perennial,…
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Have you ever pondered the strategic calculations behind those irresistible sale signs? Curious about how stores expertly clear out winter coats just as summer arrives? Do you wonder if different…
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Suryavamsi G Expert Data Scientist This is the fourth in a series of blogs pulling back the curtain on Impact Analytics ForecastSmart™ AI-based demand forecasting software. Unusual Event, Interesting Incident,…
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Curious about markdowns' impact on your bottom line? Wondering how price optimization ensures profitability? Looking to transform your retail approach? Markdown in retail demands strategic planning and precise execution. It…
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Struggling with excess inventory and looking to boost profitability? Curious about optimizing markdowns without sacrificing profits? You’ve come to the right place. In this blog, we'll explore the power of…
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Are you running your business promotions based on hunches? Have you analyzed how often you run promotions? Are you using data and analytics to optimize your campaigns? While promotion management…
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Have you ever wondered why some businesses seem to always get the price "just right"? They attract customers, stay profitable, and leave competitors in the dust. It may all be…
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How often do you adjust your product prices based on market data? Do you currently track competitor pricing? How are you making sure that your prices are competitive? Businesses use…
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Do you ever wonder why some customers flinch at your prices, while others happily pay a premium? Understanding price sensitivity is the golden key to unlocking customer satisfaction and maximizing…
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Prices appeal to consumers most, there’s no doubt about that. The more you invest in adopting “better” pricing strategies—one that understands the dynamics of consumer demand—the better your customer engagement.…
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Have you ever noticed how concert tickets get pricier as the event approaches? How do hotels charge more during peak season? Demand-based pricing is the right way to approach this.…
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Are you missing out on profits? Do you feel pressured by ever-changing competitor pricing? Do you want to personalize the consumer experience? Tired of relying heavily on static pricing models?…
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