Mercio PR for Retail Tech
With Mercio, price optimization becomes a snap! Painstaking work that can take days turns into minutes. To define the right price for each product in the range, simple commercial calculation is not enough. The state of the economy, raw material availability as well as inflation must also be taken into account when setting prices. Mercio, the leading price management software provider for large retailers, uses cutting-edge AI technology and data science to do this. The platform is based on in-memory technology that can quickly calculate huge amounts of data and display the best price within a very short time. It can also show additional profit margins. In just 5 years, the French player has thus established itself as the market leader in the DIY and food sector and is now also aiming to enter the German market. Margin management at its best!
Results
Successful launch
in the German target markets
Strategic placement
in marketing, food and DIY trade magazines
Study
with over 600 participants
Study on the future of retail
Together with a market research institute, we surveyed more than 200 German retailers and 400 international retailers from the UK and France on the topics of pricing, the consequences of inflation and the future of retailing.
The key findings:
- Retailers in the food, DIY and drugstore sectors surveyed are finding it increasingly difficult to calculate prices.
- Only just under a third of German retailers already use technological solutions such as price management software for their calculations, even though they themselves know that pricing is very time-consuming and laborious.
- In England and France, more than 40 percent of retailers each use pricing tools.
- Users of price management software reported higher sales since using it.