Wrap it up …

AI-Enabled Pricing Decisions for Profitable Stock Clearance

Shipping delays and over-ordering have left many retailers with a glut of inventory. Meanwhile, in the face of rising inflation, the threat of recession, and Europe’s energy crisis, there is uncertainty over whether and how much consumers will spend during the season. As a result, retailers seek to clear stock rapidly and in the most profitable way.

Time pressures mean that many fashion retailers make pricing decisions based on instinct or simplistic analysis. In these challenging times, retailers need to modify their behaviours and processes to meet changing and uncertain demand.

By enabling retailers to make the best decisions possible, AI can tangibly boost profitability by 15% over the course of a season. Pricing is the easiest start for fashion retailers to begin their AI journey as it provides quick returns with minimal business change.

AI-Enabled Pricing

Tailored for your business

Clear excess stock profitably through improved price management

Blue Yonder utilises this data to create demand forecasts at a granular level by day, location and item; by understanding the true interactions between price and demand changes. Blue Yonder works with many of the leading apparel retailers, helping them move away from tactical pricing to develop strategic pricing models.
Read our guide to discover how you could benefit.

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Optimise Pricing

with Precision, Intelligence and Automation

Fashion retailers can pro-actively react to uncertain retail environments and optimise pricing through the lifecycle with AI-enabled pricing.

Automated insights help you understand the factors influencing customer demand and use that data to make optimal pricing decisions across the product lifecycle, at a granular level and at speed.

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Improve Markdown

Management Processes

Why Sub-Optimal Markdown Management Is Costing Retail Billions
Thought Provoking Consulting (TPC) and Blue Yonder discuss how retailers have embraced advanced ways of managing markdown and are delivering profit improvements of up to 15%.

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Streamlining Fashion Retail

with a Connected, Customer Experience

Future-Proofing Your Retail Strategy
- Future proofing Your Retail Strategy
  
  This eBook outlines how retailers can gain greater control and a more predictable supply chain in today’s rapidly changing landscape. Helping you deliver a truly connected experience for your customers.
  Download e-book
Explore the Future
- Explore the Future
  
  Blue Yonder helps softline retailers integrate business planning with efficient execution across all channels to rapidly and intelligently fulfil customer expectations and deliver the frictionless experience they expect.
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Resources

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Video
Tutorial Video

Luminate Clearance Price - Making pricing decisions to overcome uncertainty
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Article
AI versus human intuition: How data can be leveraged to increase margins, drop slow-selling products and respond to a spike in demand for joggers.
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Learn more
Watch now

Resources

Learn more
Video
Tutorial Video

Luminate Clearance Price - Making pricing decisions to overcome uncertainty
Watch Now
Learn more
Learn more
Learn more
Video
Optimise Pricing with Precision, Intelligence and Automation
Learn more

Success

Fashioning a path to success with Blue Yonder

Discover how leading retailers are driving significant and measurable improvements with optimised pricing solutions that use AI and ML to understand the true interactions between price and demand changes.

bonprix Strategically Steers Pricing During Pandemic
- “Rather than engaging in ‘price war’ and high discount promotions on their whole assortment, “Blue Yonder’s Lifecycle Pricing reacts fast to the highly volatile demand fluctuations of our clients in the current situation."
  
  VP Merchandise Controlling/ Projects & Systems, bonprix
  
  Read the Case Study
Marketing Investment Group (MIG) drives profit
- “With Blue Yonder technology, we can take our pricing strategy digital with a powerful AI-based solution that will essentially learn the interactions between price and demand changes in all of our stores, giving us real-time insight, we never had before so we can make actionable decisions. Now, our pricing strategy will be guided by true data science, enabling us to make the most informed decisions when optimising prices across all of our stores.”
  
  Chief Operating Officer Marketing Investment Group
  
  Watch the Webinar
ORSAY’s ROI Is Always in Style
- “We chose to partner with Blue Yonder for two main reasons. Technology-wise, they offer state-of-the-art software capabilities, and they have enormous experience in the domain of data science. Businesswise, they were able to perfectly understand our business needs and translate them into a data driven model for recommending pricing changes."
  
  Head of Innovation, ORSAY
  
  Read the Case Study