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Understanding the varying demand patterns caused by price, promotional and advertising effects is where the Retail Express forecasting platform excels and is crucial to accurately forecasting future demand. Learn how our solution tracks changes in demand from regular prices, promotions, ads, displays etc. and can accurately forecast the effects of those changes.
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AI (Artificial Intelligence) | In the news
The real and current opportunities of artificial intelligence in retail
= Summary: With the UK’s AI Opportunities Action Plan taking shape, Ed Betts addresses some questions about retail AI solutions and why there’s no reason for retailers to wait to begin their AI journey. 1. How can AI turbocharge retail and what are the benefits? Large Language Models (LLMs) and Generative AI, tools like ChatGPT and DeepSeek, have attracted a lot of press attention. The problem is …
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AI (Artificial Intelligence) | Blog
Availability Vs inventory: One plan to rule them all
= Summary: Ed Betts considers the importance of a central planning platform and AI-driven forecasting to ensure seasonal event success = 4min read The retail calendar year is a busy one. Whether fixed seasonal events or one-offs such as sporting occasions, the industry plays a pivotal role in setting the tone, creating the ambience and making every moment memorable. There is an expectation that stores will be …
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AI (Artificial Intelligence) | Opinion Piece
Intelligent merchandising – the key to successful supplier collaboration in 2023
21st November 2022 | 2 min read By Edward Betts, European General Manager, Retail Express The deepening cost-of-living crisis with soaring inflation rates and energy bills, and as a result, a more cautious customer, has put significant pressure on the retail industry. Retailers are now having to work harder and think smarter to create stand-out promotions through closer collaboration with suppliers. This relationship is a fundamental part …
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Analytics | Press Release
Optimise Promotion Selection
4th September 2014 | 3 min read Press Release: RE201419 OPTIMIZE PROMOTION SELECTION Retail Express the ‘Intelligent Merchandising’ software provider has today announced the availability of its RE 2.0 ‘ PROMOTION SELECTION/PRICING OPTIMISATION’ module which provides process, functionality and analytics to OPTIMISE the SELECTION and PRICING of Promotional Items within the context of the overall Promotion and Category for a time period, taking account of cannibalisation and …
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