AI offers great benefits to retailers, but using personal data to set individualized prices, called surveillance pricing, faces growing regulatory backlash.
Maryland leaders introduced legislation Tuesday that would prevent dynamic, surveillance data-driven grocery store pricing. It comes as the retail industry increases its use of electronic shelf labels ...
An operator's biggest pricing opponent could be the data they are not using. Fuel sales don't exist in a vacuum. For many operators, the real profitability comes from the store, not the pump: ...
Pricing continues to be one of the most crucial decisions retailers face. Set prices too high, and customers drift away; too low, and profit margins suffer. Traditional pricing approaches typically ...
Economic headwinds, geopolitical tensions and budget-conscious consumers are creating a perfect storm of uncertainty for retailers. In this high-stakes environment, a retailer’s traditional playbook ...
Retailers are trying to manage cost increases from President Donald Trump's tariffs. A practice known as retail inventory method accounting could affect how higher costs show up in companies' profit ...
NUREMBERG, Germany--(BUSINESS WIRE)--NIQ (NYSE: NIQ), a leading consumer intelligence company combined with GfK in 2023, has been selected by EURONICS, a leading global shopping cooperative in the ...
To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...
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