DemandTec by Acoustic

South American Retail Leader Grupo Éxito Renews DemandTec Price Optimization to Ensure Customer-focused Pricing with Business Agility

Retrieved on: 
Tuesday, November 17, 2020
Data management, Other Retail, Technology, Other Communications, Marketing, Communications, Other Technology, Retail, Software, Mobile, Wireless, Electronic design automation, Pricing, Mathematical optimization, Operations research, Price optimization, Grupo Éxito, DemandTec by Acoustic, Acoustic

Through its recently renewed relationship with DemandTec, which extends Grupo xito's DemandTec Price Optimization subscription for three years, Grupo xito is positioned to continuing to deliver on all these values.

Key Points: 
  • Through its recently renewed relationship with DemandTec, which extends Grupo xito's DemandTec Price Optimization subscription for three years, Grupo xito is positioned to continuing to deliver on all these values.
  • With DemandTec price optimization science such as elasticity coefficients, Grupo xito has been able to deliver business impact by identifying shopper behavior trends to generate engaging price recommendations.
  • Grupo xito Technology Director Jorge Vallejo noted, "Our multi-year relationship with DemandTec exemplifies how science-based optimization enables us to deliver prices that are more relevant for customers.
  • "We're pleased to continue contributing to the success of an innovative retailer like Grupo xito, a valued customer since 2008.

Research Finds COVID-Driven Shopper Behavior Increases Retailers’ Need for AI-Powered Pricing

Retrieved on: 
Wednesday, July 29, 2020
Technology, Marketing, Communications, Other Technology, Marketing, Pricing, Retail, Dynamic pricing, DemandTec, Price markdown, DemandTec by Acoustic, Acoustic

Retailers across the United States anticipate that shopper behavior, which has radically changed during the COVID-19 pandemic, will remain fundamentally transformed in the long term, increasing the urgency for more automated, science-based pricing, promotion, and markdown optimizationincluding dynamic pricing.

Key Points: 
  • Retailers across the United States anticipate that shopper behavior, which has radically changed during the COVID-19 pandemic, will remain fundamentally transformed in the long term, increasing the urgency for more automated, science-based pricing, promotion, and markdown optimizationincluding dynamic pricing.
  • Economic shocks coupled with continuing economic uncertainty have made shoppers more price-sensitive than ever, and 72% of retailers say shopper price sensitivity will increase and remain elevated even after COVID-19.
  • As a result, 93% of retailers expect to re-assess these key value items in light of increased price sensitivity.
  • With deep and commanding worldwide retail pricing domain knowledge and experience, DemandTec enables retailers and CPG partners to deliver optimal pricing, promotions, and markdowns to thrive in todays hyper-competitive retail landscape.

Retail Business Services, Service Company to Ahold Delhaize USA, Extends Promotion Contract with DemandTec by Acoustic

Retrieved on: 
Wednesday, May 27, 2020
Marketing, Online Retail, Retail, Communications, Other Retail, Technology, Other Technology, Ahold Delhaize, Retailers, Retailing, Convenience stores, Supermarkets, Royal Bank of Scotland Group, ZAANDAM, Ahold, Delhaize Group, RBS, RBS, DemandTec by Acoustic, Acoustic

Retail Business Services (RBS) recently extended their relationship with DemandTec by Acoustic with a multi-year agreement.

Key Points: 
  • Retail Business Services (RBS) recently extended their relationship with DemandTec by Acoustic with a multi-year agreement.
  • The extension provides affiliates of RBS with DemandTecs AI powered end-to-end promotion planning capabilities including vendor trade promotion collaboration, promotion planning and promotion execution.
  • "RBS is focusing on accelerating important areas of their business, and we are proud to partner with them to make that goal a success," said Cheryl Sullivan, Acoustic's President for its DemandTec business.
  • RBS is the services company of Ahold Delhaize USA, currently providing services to several East Coast grocery brands.

DemandTec by Acoustic & Retail Leader to Provide Insights into “Crisis Pricing: The Role of AI in Times of Uncertainty”

Retrieved on: 
Tuesday, May 12, 2020
Technology, Mobile, Wireless, Retail, Online Retail, Other Technology, Other Retail, Public relations, Investor relations, Marketing, Software, Advertising, Communications, Internet, Data management, Food, Beverage, Articles, Marketing, Academic disciplines, Social media, Marketing strategy, Merchandising, Retail, Pricing, Artificial intelligence, LinkedIn, DemandTec by Acoustic, Acoustic

DemandTec by Acoustic, the pioneer in AI-powered retail pricing, is teaming with Retail Leader to explore how the COVID-19 pandemic creates extremely unpredictable and unprecedented retail challenges.

Key Points: 
  • DemandTec by Acoustic, the pioneer in AI-powered retail pricing, is teaming with Retail Leader to explore how the COVID-19 pandemic creates extremely unpredictable and unprecedented retail challenges.
  • How AI can help retailers understand, predict and respond to real-time shifts in demand.
  • DemandTec addresses retail pricing challenges today and into the future with relentless focus, commitment and ongoing investment.
  • Additional information about Acoustic is available in the pressroom at https://acoustic.com/press-center/ and on Facebook , LinkedIn , Twitter , YouTube, and Instagram .

DemandTec by Acoustic Empowers Retailers with Market-Leading Price, Promotion and Markdown Optimization

Retrieved on: 
Thursday, January 9, 2020
Marketing, Data management, Advertising, Retail, Communications, Other Retail, Technology, Marketing, Market economics), Microeconomics, Price optimization, Pricing, Retail, Price markdown, Omnichannel, DemandTec by Acoustic, Acoustic

Acoustic, the largest independent marketing cloud and most robust Lifecycle Pricing suite, will demonstrate at NRF Booth 4031 how the DemandTec family of solutions enables retailers to transcend the ordinary and leverage new innovations in AI-powered omnichannel pricing.

Key Points: 
  • Acoustic, the largest independent marketing cloud and most robust Lifecycle Pricing suite, will demonstrate at NRF Booth 4031 how the DemandTec family of solutions enables retailers to transcend the ordinary and leverage new innovations in AI-powered omnichannel pricing.
  • DemandTecs leading price, end to end promotion and markdown offerings power more than 700 retail and CPG organizations globally.
  • Acoustic is deeply committed to the retail pricing market, and we believe our DemandTec family of products represents the combination of innovation and proven performance needed today, said Mark Simpson, CEO of Acoustic.
  • As the pioneer in science-based pricing, DemandTec is well-positioned to rapidly deliver unified price optimization with new innovations, leveraging its deep retail domain knowledge and experience.