Pricing plays a crucial role in retail as it impacts sales, profitability, and competitiveness. Traditionally, retailers used fixed pricing models, keeping prices unchanged for long periods. But with eCommerce growth and AI-driven insights, pricing strategies have evolved. Dynamic pricing is now a game-changer. It allows retailers to adjust prices in real-time based on: Market demand: … Continue reading Dynamic Pricing in Retail: A Game-Changer for Profitability and Competitiveness