Food Costs on the Rise USA Today recently came out with a report about which grocery item costs have risen the most in the last ten years. The increases ranged from…
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Retail is at a tipping point This was a main theme at GroceryShop’s inaugural event last month in Las Vegas. The event was attended by over 2,200 retail and… Continue Reading The Rise of Agent-based Shopping
Pricing in a Post-Tariff Market As the markets closed on September 17th, the United States announced another round of tariffs against Chinese products. The tariffs, this time consisting of $200…
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November 8, 2018 - BERKELEY, Calif. With the launch of the latest store, Amazon now has three Amazon 4-star retail locations in the United States. The second store opened last…
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A Shopper’s Store-switching Decision A KVI is a known value item. It’s an item that disproportionally drives the price value perception. So, in a grocery store it would include eggs… Continue Reading Known Value Items – Drivers of Price Image
“The wonderful thing about food is that everyone uses it, and they only use it once.” – Sylvan Goldman The grocery cart, now a retail standard, originally looked nothing like it does today.…
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Ken Ouimet, CEO of Engage3 and distinguished College of Engineering alumnus, is giving a talk at Kemper Hall on the UC Davis campus. Join us on October 26th from noon…
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The University of California, Davis presented the 2018 Distinguished Alumni medal to Ken Ouimet, CEO and Founder of AI retail price innovator, Engage3. Ken received the award alongside JoeBen Bevirt and Cynthia Murphy-Ortega…
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September 23-25, 2018 | Palm Springs, California Engage3 is a sponsor at the CGA Strategic Conference this week, where hundreds of professionals from the California grocery industry convene to collaborate,…
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When managing a financial portfolio, you’ll need to determine how much to invest in each asset. If you have a thousand assets, it becomes a very complicated decision on how… Continue Reading Price Optimization 2.0: The Efficient Frontier in Strategic Pricing
