Engage3, which helps retailers and brands profitably grow revenue and drive store trips by tracking and optimizing their Price Image, today announced it has been named as a leader in the Price Optimization & Management category in Retail CIO Radar 2022. In making this selection, Retail Today’s editorial board analyzed nearly 7000 applicants. Engage3 was selected after a rigorous assessment of each solutions innovative and transformative capabilities, track record of clientele, team strength and competency, leadership in the industry and market share.
Engage3 Recognized in Retail CIO Radar 2022
Retail Magazine believes that the pace of digital transformation in the next 12 months will be “mind-boggling.” In 2021 fast moving consumer goods prices rose nearly 10% creating impetus for this digital transformation. Retailers are quickly adopting new technology to help track competitive price changes and optimize prices.
“Retail CIO Radar 2022 helps CIOs and Retail business leaders to stay on top of the latest innovations. Retail CIOs can use this special edition to advise the business areas on how to cut through market hype when prioritizing retail technology investments in a disruptive and unpredictable digital business environment,” stated John Mathews, Managing Editor, Retail Today magazine.
The recognition of Engage3’s Price Image Management platform by Retail Magazine comes on the heels of IDC identifying Engage3 as a “Leader” in their 2021-2022 MarketScape: Worldwide Retail Price Optimization Solutions. The Engage3 Price Image Management platform, used by 5 of the top 10 retailers in the world, combines the world’s most comprehensive competitive intelligence data with award winning models based on Nobel Prize winning theories to help retailers track and optimize their Price Image. The Engage3 Price Image Management platform has been verifiably proven to increase trip 1-2%, accelerate revenue growth by 2-3% and increase gross margin dollars by 5-8%.
“We are happy to recognize Engage3 for its leadership in the Price Optimization & Management category. As a winner of the ‘Retail CIO Radar 2022’, Engage3 joins the elite-list of winning companies that every retailer needs to know as they consider and develop their digital transformation strategies,” added Mathews.
About Retail Today Magazine:
Retail Today showcases news, emerging technology and issues and trends shaping the retail industry. The online portal and digital magazine are trusted sources for retail leaders, C-level executives, administrators, IT executives and technology professionals and retail suppliers to stay informed. Retail Today Magazine reaches more than 30 vertical market segments in all retail channels: Brick & mortar, pure-play eCommerce and multi-channel. We have a highly-targeted online audience of retail leaders, executives, managers and entrepreneurs. Cover – CIO Radar 2022 (retail-today.com)