Pricing War Room

We’ll create, and run, your custom pricing
plan to bring you joy this holiday season

Pricing really does get harder every season. Choose from five remarkably useful pricing services and get just what you need, just when you need it.

The Pricing War Room Advantage for Retailers

Your dedicated Pricing War Room team partners with you to create a custom pricing plan and then manage it through the holiday season. You’ll gain insight into product roles (KVCs & KVIs); learn what’s worked, what hasn’t, and what will; optimize price points, discounts, and cadences; and monitor, test, innovate, and optimize pricing and campaigns.

Pricing War Room: 5 Services for Retailers

The Impact Analytics Pricing War Room delivers.

1. Assess Key Value Categories and Items

Identify your current KVCs and KVIs, group them into key buckets—traffic drivers, basket builders, margin enhancers, and more—and ensure you understand their roles (which change over time) to enable smarter pricing decisions.

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2. Set Price Points and Discounts

Make a plan that optimizes pricing and promotions, and refine it over weeks and months as conditions evolve and seasons come and go.

3. Learn from Promotional Hindsights

Evaluate previous promotions so you build on what's worked and cut or revise what hasn't—including your use of trade funds—and determine the best paths forward. Hindsight is 20/20.

4. Gauge Base Price Elasticity

Analyze base price elasticity across categories, calculate elasticity and variance, develop elasticity indices, replicate findings at store or zone levels—even use elasticity to optimize promotions.

5. Design Profitable Markdown Strategy

Ensure you’re using the right price markdown reduction and cadences to squeeze every dollar of margin from your markdown plan.

Outperform for the Holidays

Do pricing right and maximize your profitability this holiday season. Our Pricing War Room brings to bear our expertise, hands-on tactical support, and 20,000+ AI models—ensuring you take advantage of all the internal (historic sales data, etc.) and external (evolving macroeconomic conditions, etc.) signals that drive a successful pricing strategy. To get an idea of the value we offer, check out our Amazon Prime Day 2023 analysis.

What You’re Up Against

 

  • Holidays coincide with peak seasonality for other categories
  • Your competitors use aggressive pricing tactics  
  • Your annual revenues depend on holiday success
  • You must make decisions months in advance 

Your Levers of Success

 

Base/ticket price: Set the maximum/anchor price
✓ Promotions: Drive more sales volume with net positive margins
Coupons: Drive traffic, grow basket size, and reward loyal customers
✓ Markdowns: Clear inventory while maximizing margin

Ace the 2023 Holiday Season with our Pricing War Room

Here's why our clients trust us

PriceSmart helped us add millions to our bottom-line by optimizing our markdown cadence. We now have the ability to simulate multiple scenarios with a click and choose the best one.

Pricing Lead, Global House of Fashion Brands

Before PriceSmart, we were using excel sheets for making pricing decisions, we didn’t have the ability to see what was happening across the board. Now PriceSmart gives us a definitive data-backed answer that is optimized for us. It is like a crystal ball.

Pricing Analyst, Fashion Brand Outlets

By utilizing PriceSmart we were able to leverage promotional price elasticity to improve our promo effectiveness leading to 400 basis point improvement within 30 days of implementation.

Head of Pricing and Promotion Management, large US grocery chain.

We were able to track our competitors’ prices and arrive at the right price point for elastic as well as inelastic SKUs by implementing PriceSmart. PriceSmart helped us to boost our bottom-line in no time.

VP Pricing, leading US Coffee chain

PriceSmart

Explore how our clients are identifying optimal cadence to achieve the highest GM with stipulated clearance and higher than anticipated ROI generation, with profitable customer-centric pricing and promotions.

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Retail Price Optimization

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We are led by a team with deep industry expertise . We believe in “Better decisions with AI” as the center of our products and philosophy, and leveraging this to empower your organization

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