KSS Retail, a dunnhumby company, announced today that it has entered into an expanded client agreement with AutoZone, the nation’s leading retailer and a leading distributor of automotive parts and accessories. AutoZone selected KSS Retail’s PriceStrat® solution to deliver science-based price modeling and promotion optimization across the retailer’s merchandising organization.
KSS Retail, a dunnhumby company, is the premier global provider of advanced analytics for merchandising organizations, including price and promotion optimization, market basket analytics, and other key areas that drive customer loyalty and financial success.
Leveraging almost 20 years of experience, KSS Retail’s PriceStrat solution empowers merchants in a retail organization with accurate, predictive insights, based on an in-depth understanding of why shoppers buy what they buy. This is done through an intuitive, real-time solution that utilizes the industry’s most advanced self-learning models to accurately forecast the effects of pricing and promotions on sales, profit and consumer demand.
This predictive insight consistently allows retailers to improve their bottom line performance while also increasing their competitive positioning in the market. Visit www.KSSRetail.com or email info(at)kssretail.com.
KSS Retail, a dunnhumby company, today introduced PriceStrat® Analyzer, an advanced business intelligence solution designed to help the retail industry identify trends and exceptions so they can make faster, more accurate decisions about pricing and promotions. PriceStrat Analyzer empowers retailers to better harness their data for more accurate forecasting, while extending analytics throughout the organization for improved transparency and team collaboration. Data analytics continues to be one of the top investment priorities for retailers.
Learn more about the science behind retail merchandising analytics
Concerned you might be leaving money on the table?KSS Retail Chief Science Officer, Dr. Paul Helman, will be giving two presentations on Monday and Tuesday at NRF in the KSS Retail Booth 2565. Register online at http://info.kssretail.com/NRF14The Science of True Price and Promotion Optimization: Why You Might Be Leaving Big Money on the TableLearn specific ways you could be missing out on potential profits and losing in the battle for customer brand perception. We’ll discuss issues such as:
- Customer segmentation
- Category cross-effects
- Real-time promotions scenario planning
- Zone and category structures
- Smarter rules management
Real-Time Shopper Insights: How Real-Time Market Basket and Customer Analytics Can Help You Improve Loyalty and Drive RevenueIn this session, we’ll show you how to use real-time shopping basket data to quickly get answers to questions that will help you:
- Refine your assortment strategy (improving shopper relevance and thus basket size)
- Run more successful promotions (and mitigate the risk of poor performers)
- Optimize your private-label/national brand strategies at the zone or store level (ultimately driving profit and revenue)