A few weeks ago, Quicklizard made the jump from private to public, with an IPO on the Tel Aviv Stock Exchange. The company has come a long way from its humble roots, when Pini Mandel and Yossi Cohen co-founded Quicklizard as a BI tool that used competitor data to drive rule-based pricing decisions.
Dynamic pricing is making its way to mega supermarkets. Over the next 2 years, we expect to see widespread adoption of electronic shelf labels (ESL), which will enable the implementation of dynamic pricing
If prices change weekly, daily, or hourly, will customers grow frustrated and look toward the competition?
When seasons come to an end, retailers clear their inventory to make room for new lines and styles of products
Quicklizard goes public as part of major new expansion plans
Now, with the hope of a vaccine upon us and a possible return to normal, both physical and online retailers need to take a quick look at the challenges ahead, to position themselves to overcome the challenges the future will bring.
For retailers, the use of augmented analytics has some very real growth possibilities
Retailers with physical stores tend to get a little glossy-eyed when the conversation shifts to dynamic pricing. They question the cost-effectiveness of hiring enough staff members to change prices on thousands of items every day. The impracticality of it negates the promise of higher profits and increased revenues.
The challenge for retailers is to identify the data they are missing, which would enable them to reach their full potential
With Cyber Monday just around the corner, retailers need to develop a holiday pricing strategy that will not only sell products but generate profits as well
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