Blog

63
Pricing Optimization
Pini Mandel, Co-Founder & CEO

The Quicklizard Story

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.

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65
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Can grocery stores afford dynamic pricing?

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

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58
Market Insights
Pini Mandel, Co-Founder & CEO

What Will Your Business Face in 2023?

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.

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56
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Next-Gen Pricing Equals Higher Profits in Physical Stores

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.

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55
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Identifying Data Gaps

The challenge for retailers is to identify the data they are missing, which would enable them to reach their full potential

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53
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Black Friday Pricing During a Pandemic

2020 has been rough for brick and mortar retailers of all sizes. The global pandemic with its twins of discord, social distancing and job disruption, have limited spending throughout the year.

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52
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Turning Data into Power

Data is one of the most powerful assets retailers have at their disposal in carrying out their pricing strategy.

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59
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Maintaining In-Store Dynamic Pricing

Adopting a dynamic pricing model means selling products at different prices throughout the day. While the model can easily be applied to online stores that aren’t limited by physical properties, brick-and-mortar outlets are often hesitant to introduce dynamic pricing to their stores.

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47
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Dynamic Pricing by Geography

Retailers looking to increase sales are often tempted by untapped international markets. Advanced marketers may develop new landing pages using culturally appropriate imagery and messaging, while less sophisticated brands simply increase their ad spend in new regions.

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