Audience
Retailers that need a price optimization solution
About Retail Express
Pricing software solutions providing entry level Price Management through to the most sophisticated Price Optimization and Automated Rules Based Pricing needs using ‘elasticity demand models’ that encapsulate the interaction and collision of prices along with other merchandising activities. This enables the system to then forecast the likely outcomes of different prices. The solution brings together all the elements of pricing necessary in today’s markets to implement and optimize Hi-Low, EDLP or a mix of those strategies through line item, brand, supplier, competitor and category rules and differentials, mixed with performance targets. The price optimization module enables you to maximize the overall profit, margin or contribution of a portfolio of products. Unlike other revenue optimization products we can optimize regular and promotional prices, separately or concurrently and on demand, taking the effects of each other into account.
Other Popular Alternatives & Related Software
Competera
Competera enhances retailers’ profitability and customer loyalty by leveraging AI to set optimal, customer-centric prices in real time. Our all-in-one platform combines Competitive Data and the Pricing Platform to meet all pricing needs.
• Competitive Data provides real-time, high-quality market insights with a 98% SLA, offering a 360-degree market view to uncover trends and optimize pricing strategies.
• Pricing Platform utilizes Contextual AI with over 20 demand drivers to deliver real-time pricing optimization across all products and channels. Retailers can make data-driven decisions with 95% accuracy, increase basket value, and achieve up to a 6% gross margin uplift.
Our platform reduces the pricing team’s workload by up to 70%, allowing retailers to focus on strategic initiatives. The cost depends on the number of SKUs managed, deployment scale, and product configuration.
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Clear Demand Price Optimization
With Clear Demand’s Third-Generation Science, you align your everyday pricing with category strategies across physical and digital channels and throughout the product lifecycle, from introduction to de-listing. Tune and constrain your optimization model to meet internal business pricing rules and deliver on shopper expectations. Rely on our highly-evolved approach to regular price optimization. Clear Demand takes the everyday pricing to the next level of accuracy and speed with superior optimization science powered by Machine Learning. Clear Demand solutions take a more advanced approach to rules definition, prioritization, and processing speed. It is housed in a cloud environment (SaaS) with no limitations on growth as data requirements expand. Machine Learning enables highly accurate determination of each item’s demand curve and most efficient price. Your rules are applied to conform with category strategy and competitive response.
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Pricing Lifecycle
Leading-edge proved solution for the implementation of Pricing, Promotions, and Markdown optimization strategies. Forget parameters, think strategically. Stock Optimisation takes a new approach to replenishment and allocations, based on a best-of-breed regular and promotional forecast. Most retailers use very simple pricing rules based on fixed gross margins. Until trading begins and sales come through, a retailer can never tell if the initial price they have is right. Pricing Lifecycle helps you retain brand integrity and margin protection without destroying price perception. Merge data, pricing strategies and optimization tactics to get to the right price, in every channel, every day; Allows for simulation measuring the impacts on sales, margin, and price image of all your decisions prior to execution. Improves revenue and gross margin from 2-6%.
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XPLN Suite
XPLN is one of the leading solutions for collecting current market data, e-commerce price optimization and comprehensive services in the field of Digital Shelf Analytics. A strong focus on technology, innovation and proximity to the customer enable us to deliver higher quality data to our customers and help them grow their business through valuable insights and confident decisions about offers and positioning. Many well-known retailers and brands trust in us.
XPLN automatically collects market prices from online channels about your own and competitors' offers. Brands and retailers can track online ratings, stock levels, prices, marketplace ranking, and other metrics on a centralized platform. Clients can also define product repricing strategies based on configured rules, utilize the price monitoring engine to determine required changes, and manually or automatically adjust prices in the database. Further protect your brand through MAP monitoring and detecting unauthorized sellers.
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Pricing
Free Trial:
Free Trial available.
Integrations
No integrations listed.
Company Information
Retail Express
Founded: 2004
United Kingdom
www.retailexpress.com
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Product Details
Platforms Supported
Cloud
Windows
Training
Documentation
Webinars
Live Online
In Person
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24/7 Live Support
Retail Express Frequently Asked Questions
Retail Express Product Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning
Retail Management
CRM
Commission Management
Email Marketing
Employee Management
Loyalty Program
Mail Order
Merchandise Management
Multi-Location
Order Management
Purchase Order Management
Reporting/Analytics
eCommerce
Returns Management
