In food retail, market changes can happen quickly that require retailers to react just as swiftly. Find out how you can move from reacting to competitors to understanding and influencing where the market should go Continue Reading Creating a Competitor Pricing Strategy Monitoring Program
Marielle Fong, Director of Marketing at Engage3, sat down with Bob Ramsey to discuss his candid and unusual perspective on Amazon’s strategy. Continue Reading A Perspective: The Pros and Cons of Partnering With Amazon, With Strategic Pricing Pioneer Robert Ramsey
High-Growth Retail Pricing Data Science Company Earns Placement on Inc. Magazine’s Lists of Fastest Growing Companies for 5th Time Continue Reading Engage3 Ranked #124 in the Annual Inc. 5000 Regionals: California List
North State Grocery, a fully employee-owned and operated neighborhood grocery chain operating as Holiday Markets and Sav-Mor stores in Northern California and Southern Oregon, will increase their competitive visibility and sharpen their Key Value Items (KVIs) using Engage3’s pricing solutions. Continue Reading Chain Store Age: Regional Grocers North State and Fleet Farm Partner With Engage3 for Competitor Pricing and Analytics
Milk, eggs, and bananas are often used as loss leaders in grocery retail, and in many markets across the U.S., they are priced on a store-by-store basis, directly against the closest competitor(s).
Some sample Walmart localization scores in a given market with best practices on pricing data collection is discussed. Continue Reading Milk, Eggs, and Bananas: Pricing to Your Local Shopper
Marielle Fong, Engage3 Director of Marketing, sat down with Bill Bishop, Chief Architect of Brickmeetclick, to discuss his calculations on what the retention rate for online grocery shopping will be in the near future, which retailer is impressing him nowadays, and his thoughts on whether retailers should pay more attention to shipping fees or prices. Continue Reading Engage3 Insider Track Podcast: An Online Grocery Update From Bill Bishop
North State Grocery, a fully employee-owned and operated neighborhood grocery chain operating as Holiday Markets and Sav-Mor stores in Northern California and Southern Oregon, will increase their competitive visibility and sharpen their Key Value Items (KVIs) using Engage3’s pricing solutions. Continue Reading North State Grocery Taps Engage3’s Pricing and Analytics Solutions
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. Continue Reading Heinen’s Partners With Engage3 to Power Pricing Strategy
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.” Continue Reading Progressive Grocer: Engage3 on Getting Pricing Right in 2021
Struggling to compete on price and failing to drive trips
profitably?
Legacy price optimization solutions still use outdated elasticity models and rules to set prices, which don’t include shopper behavior and the impact of price on perceptions.
Using AI-based shopper behavior analysis, Engage3 developed Price Image Management, which accurately forecasts the volume impact of price changes and identifies which items will have the greatest impact on Price Image with the least investment. Continue Reading Engage3’s Price Image Management (video)
We help retailers and manufacturers manage their Price Image through accurate competitive data, data science, and Artificial Intelligence-powered software solutions.
