According to industry analysts, InsightSUITE is the world’s only solution that provides forward-looking price/demand curves based on consumer inputs. Our industry-leading price optimization solutions help retailers and brands model pricing and promotion strategies to achieve 3-9% gains in gross margin by leveraging consumer insights.
Price Optimization
Optimize initial prices, test promotions with customers, and find the ideal markdown cadence.
Margin Optimization
Model promotions and markdown cadences to assess market demand and/or lifetime margins.
Pricing questions arise throughout the product lifecycle, from pre-season planning to the upcoming planned season phase and in-season management.
Gain Insight Into:
Whether you need to optimize margin via the right initial price, the right markdown cadence, or the best promotion approach, InsightSUITE’s Pricing Analysis enables you to assess the predicted Average unit Retail or Average Selling Price for next season’s assortment. Then, based on your buy plan, you can estimate margin roll-up.
Gain Insight Into:
In the past, retailers used in-store testing, sales history for similar products, and traditional competitive analysis to determine pricing. They overlooked several essential determining factors in price optimization. With the right data in hand, retailers can make informed decisions about price to maximize revenue.
In this eBook, we explore retail price optimization software and techniques for predictive pricing strategies to help you set prices confidently and correctly from the start.
Access 100M+ Respondents Globally in Over 150 Countries
Cut 40% on Product Development Time
80% Improvement in New Offering Success Rate
Eliminate 10-30% of Low-Valued Brand Portfolio
Reduce Inventory by 40% and Increase Sales by 6%
© First Insight, Inc.
