Blog2023-04-19T18:04:14-04:00

Core Merchandising vs. PIM: Which Solution is Right for Your Item Data?

Core Merchandising vs. PIM: Which Solution is Right for Your Item Data? In a retail or consumer packaged goods environment (CPG), the most critical piece of information is item or product data. With omnichannel retail models as the standard and increasing consumer appetite for more details [...]

  • Boost Your Bottom Line with Smarter Price Optimization

Boost Your Bottom Line with Smarter Price Optimization

Boost Your Bottom Line with Smarter Price Optimization Last week we shared exciting news about our recent price optimization partnership with Party City. As we embark on this strategic collaboration, I’d like to highlight how several of our retail clients have already achieved strong results because [...]

  • NRF 2024 Exposes AI's Customer-Facing Role in Retail Transformation

NRF 2024 Exposes AI’s Customer-Facing Role in Retail Transformation

NRF 2024 Exposes AI's Customer-Facing Role in Retail Transformation National Retail Federation’s (NRF) 2024 Big Show underpinned how the integration of cutting-edge technologies is shaping retail transformation. As expected, artificial intelligence (AI) stands at the forefront of this revolution as a powerful force driving transformation across [...]

  • Empower Your People with Meaningful Business Transformation

Empower Your People with Meaningful Business Transformation

Empower Your People with Meaningful Retail Business Transformation The phrase ‘business transformation’ has been around for decades, and typically addresses the three pillars of people, process, and technology. However, often a greater focus is placed on the technology, with improved business processes and the impact [...]

  • Gratitude Delivered: Three Reasons to Be Grateful

Gratitude Delivered: Three Reasons to Be Grateful

Gratitude Delivered: Three Reasons to Be Grateful As we approach Thanksgiving in the United States and the 2023 winter holiday season around the world, we often hear the words "thankful," "grateful," and "gratitude." In contemplating our November message (coupled with my insatiable quest for knowledge and [...]

  • Ask the Experts: In-Store Omnichannel Fulfillment

Ask the Experts: In-Store Fulfillment of Omnichannel Orders

Ask the Experts: In-Store Fulfillment of Omnichannel Orders In a recent episode of Parker Avery's Talk Retail To Me podcast, Senior Director and omnichannel expert, Rob Oglesby shares his insights into how big box retailers are handling in-store fulfillment of omnichannel orders. Answering questions from an [...]

  • Rethinking Allocation and Replenishment to Drive Better Inventory Outcomes

Rethinking Allocation and Replenishment to Drive Better Inventory Outcomes

Rethinking Allocation and Replenishment to Drive Better Inventory Outcomes Parker Avery’s recently published expert guide on retail allocation and replenishment was met with considerable interest from our clients and social media audience. This comes as no surprise, as many of our clients are laser-focused on shoring [...]

What’s Now? Inventory, Foundation, Learning, and AI

What’s Now? Inventory, Foundation, Learning, and AI Our theme during the 2023 NRF Big Show was “What’s Next?” and earlier this year, we highlighted some initiatives our clients launched shortly after the January event. This month, we look at “What’s Now,” taking a deeper dive into [...]

  • The Value of Enterprise Intelligence

The Value of Enterprise Intelligence

The Value of Enterprise Intelligence Note: Formerly called Enterprise Demand Intelligence, in 2023 The Parker Avery Group rebranded our analytics offerings to Enterprise Intelligence to reflect expanded scope of functional areas the solution encompasses, such as retail price optimization and markdown optimization. As the retail [...]

  • More on Combating Inflation and Uncertainty: Decisive Actions for Retailers

More on Combating Inflation and Uncertainty: Decisive Actions for Retailers

More on Combating Inflation and Uncertainty: Decisive Actions for Retailers Just as retailers were feeling like they had returned to (a new) normal, inflation has brought another wave of uncertainty and instability. Particularly for retailers who cater to customers’ discretionary spending, this latest economic hurdle feels [...]

  • How to Overcome AI Hype and Drive Retail Collaboration

How to Overcome the AI Hype and Drive Retail Collaboration

How to Overcome the AI Hype and Drive Retail Collaboration Lately, we have all been inundated by artificial intelligence (AI), from the most obvious ChatGPT to content, music, and art generators and even wilder applications. As an industry typically slow to adopt new technology, retailers have [...]

  • Combating a Volatile Macroeconomic Climate with Retail Price Optimization

Combating a Volatile Macroeconomic Climate with Retail Price Optimization

Combating a Volatile Macroeconomic Climate with Retail Price Optimization How should retailers and consumer brands make heads or tails of the current economic landscape? It used to be relatively straightforward. There was a concept of “reliable macroeconomic indicators” such as the inversion of the yield curve, unemployment, [...]

  • What’s Next? Clients, Analytics, and Shoptalk

What’s Next? Clients, Analytics, and Shoptalk

What’s Next? Clients, Analytics, and Shoptalk While NRF’s Big Show 2023 is now an almost-distant memory, Parker Avery’s theme of “What’s Next?” continues full throttle through the first quarter of 2023 with our clients and firm initiatives. Here's a snapshot from our latest newsletter. [...]

  • Price Optimization: Margin Rate vs. Margin Dollars

Price Optimization: Margin Rate vs. Margin Dollars

Price Optimization: Margin Rate vs. Margin Dollars With blurring lines between channels and geographies, price optimization solutions are an area of increasing interest to the retail community. Price optimization solutions can bring immense value if properly assimilated and leveraged in a company’s business environment. One area [...]

  • 5 Key Takeaways from NRF's 2023 Big Show

5 Key Takeaways from NRF’s Big Show

The year’s largest retail industry event, the 2023 NRF Big Show, certainly did not disappoint. The Parker Avery Group was joined by thousands of retailers, CPG companies, brands, technology providers, and other industry professionals from across the globe, all eager to experience the event in person [...]

Ask the Experts: Change Management

Arguably one of the most critical components for any business transformation or system implementation project – regardless of the size or scope – is a solid change management program. When properly supported and managed, change management can not only enhance organizational engagement and mitigate both disruption [...]

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