Most retailers make the mistake of reducing their profits even further themselves. The reason for this is price discounts that are too extreme or too early – a mistake which is entirely avoidable.
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Digitalization in Traditional Retail: 4 Brick-and-Mortar Retailers who are fighting the Retail Apocalypse
The retail apocalypse has seemingly no end in sight. The era that has brought down dozens of brick and mortar retailers across the globe is building a metaphorical graveyard.
Christmas: no other holiday puts people into such a panic every year. Although Christmas, unlike Easter, has a fixed date, Christmas always seems to come “all of a sudden”. And this despite the onset of gingerbread sales in September, the first Christmas discounts in October and Wham on repeat from November to January.
The “for-rent signs” are lined up one after the other – more and more commercial spaces are vacant. Of course, there are still open shops, but they also have signs: the merchandise displays are plastered with sales and discount signs seemingly all year round.
aifora, a leading provider of intelligent pricing software, was mentioned as a Representative Vendor in Gartner’s 2019 Market Guide for Unified Price, Promotion and Markdown Optimization (UPPMO) Applications.
The automotive industry, retail, aviation and medicine. These industries (and many others) currently have one thing in common. They’re all preoccupied with artificial intelligence (AI).
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