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The Retail Revolution

Dr. Stephan Liozu analyzes the transformation that the retail world is experiencing and provides insight on what retailers can do to remain competitive.

The retail world is undergoing a transformation that some may even call a revolution. And it’s the consumer, not Amazon, leading the charge. By adopting new technologies and leveraging the power of information, consumers are pressuring retailers to learn, adapt, and respond to their rapidly changing needs. What does this retail revolution entail exactly? Forbes lists out the top 10 technology trends reshaping retail, including mobility, customer relationship management, showrooming, and social.

As more and more brick-and-mortar retailers embrace multi-channel, they find they need to be much more dynamic in their price intelligence collection, reporting, and associated action. The time, cost, and error associated with manual processes makes such efforts unsustainable. Retailers are struggling to digest a deluge of competitive pricing and product data – online, in-store, mobile, and social – and take effective action. The difficult part is finding the relevant information quickly and cost effectively. Be smart with big data. 360pi can supply you with both the pricing data and associated insights you need to clearly identify competitive pricing opportunities and threats, right down to the individual SKU.

Learn how price intelligence from 360pi can help you increase conversions, revenues, and margins. Call 360pi and find out what they can do for you.

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About the Author
Stephan Liozu is the Founder of Value Innoruption Advisors and specializes in disruptive approaches in innovation, pricing and value management. He also has a Ph.D. in Management from Case Western Reserve University and can be reached at sliozu@case.edu.