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Retail Pricing Software

Maximize revenue and customer satisfaction with a pricing strategy backed by data.

ToolsGroup Retail Pricing software enables you to maximize profitability by creating a data-driven pricing strategy at both the product and aggregate levels. Pricing tools powered by Artificial Intelligence (AI) and analytics give you a holistic view of your product pricing and markdown strategy.

Improve your profit margins with software that forecasts how price changes and markdowns could affect product categories and customer demand, or, how they may roll up to impact revenue targets.

Control and automate your retail pricing - Image

Control and automate your retail pricing

Price management software enables you to control and automate retail pricing and planning across the product life cycle.
Make optimal pricing decisions for product launch, leverage machine learning to make price changes based on shifting market trends and consumer demand, and implement markdown pricing decisions when products reach end-of-life.
Establish pricing rules, then automatically apply them within set boundaries to maximize your profit margin. Different prices can be created at any level of the product hierarchy, with a complete view of current inventory and a product’s rate of sale, helping you meet customer demand and minimize costs across the supply chain.


Improve price management and markdowns throughout the product life cycle - Image

Improve price management and markdowns throughout the product life cycle

Pricing solutions enable you to better manage retailer planning throughout the product life cycle. From establishing optimal prices at product launch, to price changes based on market trends and promotional planning, through to end of life, use pricing analytics to maximize profitability and customer satisfaction at every stage.


Optimize retail efficiency and drive store traffic - Image

Optimize retail efficiency and drive store traffic

ToolsGroup Pricing software gives you an intuitive, interactive tool to set multiple markdown structures. You get complete visibility into how different prices will impact inventory management, revenue, and margins.
Create price markdown plans that align with your assortment planning to drive store traffic, reduce excess inventory, and effectively manage product phase-outs–helping you meet customer demand and build market share with competitive prices.


As ecommerce continues to propel the omnichannel buying experience, today’s customers can compare prices within moments.

This, combined with increased price sensitivities, has resulted in retailers turning their focus to a competitive pricing strategy.

Brands are now incorporating AI into their price planning to maintain customer loyalty, attract new buyers, and increase revenue.

  • 78% of consumers predict an increased likelihood that they will delay purchases while waiting for a better deal
  • 40% of retailers still rely solely on manual solutions for pricing
  • 83% of retailers will focus on competitive pricing strategies that align to increases in price sensitivity
  • 40% of retailers plan to put moderate or major focus on an AI-powered pricing strategy following the pandemic

Retail Pricing Software Features

01

Create a price management plan backed by data

Create a pricing strategy at the product level and forecast impact at an aggregate level. What-if scenarios allow for comparisons on unit volume, revenue, and profit margin, helping you align your pricing and demand forecasting needs.

Compare pricing data with revenue goals in the Merchandise Financial Planning module, and further refine prices by geographic and demographic hierarchies. When planning your pricing strategy, full visibility into inventory, product rate-of-sale, and historical data give you actionable insights to drive market growth and meet financial targets.

02

Identify price markdown candidates

Understand which products are suited for retail markdowns by creating a set of parameters and filters that identify markdown candidates.

Easily set multiple markdown configurations with variable effective dates for instant pricing data. Use these analytics for actionable insights to understand how price changes will impact anticipated revenue until the phase-out date of each product.

03

Customize your price management plan view

Price and markdown software gives you a time-phased view of markdowns. Adjust markdown structures at different hierarchy levels or across product groups by week, month, quarter, or season, and implement competitive pricing that drives market share. Plan pricing and markdowns by channel, cluster, or stores, and view aggregated price and markdown impact in detail for added ease and efficiency.

04

Price actions

The pricing software allows you to create and customize multiple price actions using pre-defined or on-the-fly pricing strategies. The actions contain all the required elements to efficiently create and validate your retail price planning for both ecommerce and in-person sales.

05

Validations

When managing your product pricing, get immediate visibility into any potential problems before submitting the plan. The actionable insights reduce the price planning timeline, helping your brand quickly react to market conditions and customer demand. Exceptions can also be made visible in the dashboard, helping you focus on elements that require attention.

06

Pricing matrix

The price management software supports the import and configuration of multiple price matrices. Look up the approved price points for additional country-currency combinations as needed and streamline your pricing optimization process, no matter where your consumers live.

01

Create a price management plan backed by data

Create a pricing strategy at the product level and forecast impact at an aggregate level. What-if scenarios allow for comparisons on unit volume, revenue, and profit margin, helping you align your pricing and demand forecasting needs.

Compare pricing data with revenue goals in the Merchandise Financial Planning module, and further refine prices by geographic and demographic hierarchies. When planning your pricing strategy, full visibility into inventory, product rate-of-sale, and historical data give you actionable insights to drive market growth and meet financial targets.

02

Identify price markdown candidates

Understand which products are suited for retail markdowns by creating a set of parameters and filters that identify markdown candidates.

Easily set multiple markdown configurations with variable effective dates for instant pricing data. Use these analytics for actionable insights to understand how price changes will impact anticipated revenue until the phase-out date of each product.

03

Customize your price management plan view

Price and markdown software gives you a time-phased view of markdowns. Adjust markdown structures at different hierarchy levels or across product groups by week, month, quarter, or season, and implement competitive pricing that drives market share. Plan pricing and markdowns by channel, cluster, or stores, and view aggregated price and markdown impact in detail for added ease and efficiency.

04

Price actions

The pricing software allows you to create and customize multiple price actions using pre-defined or on-the-fly pricing strategies. The actions contain all the required elements to efficiently create and validate your retail price planning for both ecommerce and in-person sales.

05

Validations

When managing your product pricing, get immediate visibility into any potential problems before submitting the plan. The actionable insights reduce the price planning timeline, helping your brand quickly react to market conditions and customer demand. Exceptions can also be made visible in the dashboard, helping you focus on elements that require attention.

06

Pricing matrix

The price management software supports the import and configuration of multiple price matrices. Look up the approved price points for additional country-currency combinations as needed and streamline your pricing optimization process, no matter where your consumers live.

Our solution experts are available to discuss your business goals and technology needs.

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