Engage3 will allow Heinen’s to achieve the most comprehensive competitive pricing visibility, while leveraging its ML-powered product linking capabilities to attain a contextualized view of their competitors’ equivalent items at the localized market level.
Thad Reuter of Progressive Grocer, in a recent article titled Getting Pricing Right in 2021, writes that price optimization will be undergoing significant changes in 2021 – and that retailers who don’t get on board will face problems sooner than later.
“Price optimization will need to shift to be able to deal with smaller trip sizes, households with less money to spend on each trip, shifts to private label, and smaller pack sizes,” Edris Bemanian, Engage3 CEO, predicts. “Historical price optimization models of increasing price to drive profit won’t work. Retailers will need to focus on the items that drive their Price Image to keep traffic up.”
Winsight Grocery covers the news about how Allegiance Retail Services Inc., the marketing and merchandising cooperative for New York-area supermarkets such as Foodtown, D’Agostino, Gristedes, Big Deal, La Bella, Brooklyn Harvest and Pathmark, has partnered with Engage3 to optimize its competitive price positioning.
Leading Value-Based Lifestyle Fleet Farm Will Use Engage3’s ML-Powered Technology to Enable Comprehensive Pricing and Assortment Insights
Pricing innovator leads in its commitment to data accuracy, security, and confidentiality of retailer data PRESS RELEASE – Davis, California – Engage3, which helps retailers and brands understand, protect, and…
Engage3 has partnered with C&S Wholesale Grocers, an industry leader in supply chain innovation, to present at the C&S Retail Solutions Expo. This online conference will be held Tuesday, October 6 through Wednesday, October 7, 2020.
Engage3’s approach to measuring Price Image is based on complex behavioral modeling – avoiding bias, time delays, and inaction – and enabling accurate forecasting and pricing decisions.