RE: DISH:-12 Oct 2020 11:35
Retail is the next frontier for dynamic pricing. As e-commerce grows in importance and the size of assortments expands, retailers are turning to software to help track product prices and make pricing updates.
Retailers, and online retailers in particular, adjust the price of their products according to competitors, time, traffic, conversion rates, and sales goals.[18][19] Dynamic pricing is quickly becoming a best practice within the retail industry to help stores manage these factors in a fast-paced market. Dynamic pricing software allows retailers to easily understand what happens in their assortments at a glance and act proactively on market changes. There are another of other benefits as well, including greater efficiency, increased consumer trust, and better overall strategy setting.