In this episode of the Retail Pricing Insights podcast, host Felix Hoffmann (Co-founder, 7Learnings) is joined by Robert Bates, former Head of Decision Sciences at Currys, pricing leader at Waitrose and John Lewis. They explore the evolving world of AI-driven pricing in retail from foundational strategies and pricing governance to building trust in machine learning systems.
Welcome to "Retail Pricing Insights," the ultimate podcast for retailers and brands seeking to optimize their pricing strategies. In the seventh episode of the Retail Pricing Insights Podcast by 7Learnings, we have a discussion with Dr. Jose Mendoza, a Clinical Associate Professor at NYU. We talk about the fascinating world of dynamic pricing, particularly in non-traditional industries such as grocery retail, restaurants, and theme parks. We discuss everything from the technology driving dynamic pricing to its implications on consumer behavior and company profitability. This episode underscores the critical importance of clear communication, technology integration, and balancing consumer value perception in dynamic pricing strategies. 00:00 Introduction and Guest Welcome 00:29 Jose Mendoza's Journey into Pricing 02:16 Dynamic Pricing in Non-Traditional Industries 04:46 Challenges and Opportunities in Dynamic Pricing 11:56 Technological Advances in Retail 13:36 Success Stories and Learnings 17:54 Future of Dynamic Pricing 23:29 Key Takeaways and Conclusion Subscribe to the 7Learnings newsletter! Join our Dynamic Pricing Community
Welcome to the "Retail Pricing Insights", the ultimate podcast for retailers and brands seeking to optimize their pricing strategies.
In the sixth episode of the Retail Pricing Insights Podcast by 7Learnings, we have a discussion with Sven Baumgarten, a seasoned pricing expert in the e-commerce industry. We talk about the importance of a holistic pricing approach in organizations, touching on the evolution of pricing strategies and advancements in technology. Sven shares insights on collaborative pricing architecture, data-driven pricing decisions, and the integration of marketing data into pricing strategies.
00:12 Introduction to the Podcast
00:21 About the Dynamic Pricing Community
00:49 Guest Introduction: Sven Baumgarten
01:49 Sven's Journey into Pricing
04:42 Defining holistic pricing approach
12:09 Implementation of holistic pricing architecture
17:45 Future of Pricing Strategies
19:53 Conclusion and Invitation to Subscribe to the Newsletter
Subscribe to the 7Learnings newsletter!
Join our Dynamic Pricing Community
Welcome to the "Retail Pricing Insights", the ultimate podcast for retailers and brands seeking to optimize their pricing strategies.
In the fifth episode of the Retail Pricing Insights Podcast by 7Learnings, we discuss with Diana Zharovskikh, Head of Category Management and Pricing at Deliveroo. We talk about the differences between traditional retailers and online marketplaces, delve into Diana's career journey, and reveal key trends that will impact the future of marketplace pricing. The episode also highlights the challenges faced in retail pricing, the importance of data quality, and the necessity of a flexible mindset in pricing strategy.
00:12 Introduction to the Podcast
00:32 About the Dynamic Pricing Community
00:59 Guest Introduction: Diana Zharovskikh
01:51 Diana's Journey into Pricing
04:54 Differences between Traditional Retailers and Online Marketplaces
09:07 Challenges in Pricing for Retail and Marketplace
12:57 Skills Needed for Transition in Pricing Roles
15:04 Future of Marketplace Pricing
17:35 Closing Remarks and Invitation to subscribe to the newsletter
Subscribe to the 7Learnings newsletter!
Join our Dynamic Pricing Community
Welcome to the "Retail Pricing Insights", the ultimate podcast for retailers and brands seeking to optimize their pricing strategies.
In the 4th episode, we discuss with Florian Serr, Head of Pricing Analytics at MediaMarkt Saturn, about the vital role of pricing departments in e-commerce. We also discuss the importance of stakeholder management, adapting to market changes, pitfalls and lessons learned, and future trends in the pricing sector.
00:12 Introduction and Welcome
00:34 About the Dynamic Pricing Community
01:03 Guest Introduction: Florian Serr
01:51 Florian's Journey into Pricing
03:17 Pricing Process at MediaMarkt Saturn
06:14 Challenges in the Retail Industry
11:24 Developing a Pricing Strategy
12:58 Pitfalls in Pricing
15:41 Future of Pricing Departments in E-commerce
19:44 Conclusion and Invitation to Subscribe to the Newsletter
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Join our Dynamic Pricing Community
Welcome to the "Retail Pricing Insights," the ultimate podcast for retailers and brands seeking to optimize their pricing strategies.
In the 3rd episode, we discuss with Lorenzo Zacchia, an experienced international executive with more than 20 years of experience in strategic and operational management in the fashion and retail industry, about how inflation trends influence pricing decisions in the fashion retail industry.
00:11 Introduction and Welcome
00:34 About the Dynamic Pricing Community
01:03 Guest Introduction: Lorenzo Zacchia
01:55 Lorenzo's Journey into Retail and Pricing
04:35 The Importance of Pricing Discipline in Retail
08:07 Adapting to Inflation Trends in Retail
11:50 Tools and Methodologies for Informed Pricing Adjustments
14:00 Promotion Strategies in Retail
17:29 Preparing for Black Friday: Actionable Tips
21:35 Conclusion and Invitation to Join the Dynamic Pricing Community
Welcome to the "Retail Pricing Insights," the ultimate podcast for retailers and brands seeking to optimize their pricing strategies.
In the 2nd episode, we discuss with Dr. Yola Engler, Director of Pricing and Profit Management at Westwing about how AI/Machine Learning models can help to maintain margins without killing sales in times of high inflation and high inventories.
Black Friday as an opportunity for inventory reduction, growth, and brand-building.
-Effective inventory management.
-Nuanced market-specific pricing approach on inflation and increased purchase prices.
Join now our Dynamic Pricing Community
Welcome to "Retail Pricing Insights," the ultimate podcast for retailers and brands seeking to optimize your pricing strategies.
In the 1st episode, we discuss with Sahin Tezsoy, Director of Pricing Management at LUQOM GROUP about:
- Challenges on building a pricing organisation
-Transformation from cost-plus pricing to value-based pricing
-Actionable tips on how we can best prepare for Black Friday 2023
Welcome to "Retail Pricing Insights" by 7Learnings, your go-to podcast for retailers and brands seeking pricing expertise. Join us monthly as we explore the latest trends, best practices, and actionable insights from pricing experts in the retail industry.
Our esteemed guests, industry thought leaders and experienced practitioners, share their expertise and real-world experiences, equipping you with the knowledge to make informed pricing decisions that drive profitability and customer satisfaction.
Subscribe now and revolutionise your pricing game!
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