Torfs
How can you optimize markdown pricing and enhance retail efficiency?
Discover how Torfs, a leading Belgian shoe retailer, significantly improved its profit margins and streamlined operations by implementing the Crunch AI-driven Markdown Assistant. This strategic initiative leveraged advanced analytics to revolutionize Torfs' end-of-season discounts, boosting revenue by up to 30% and margins by up to 8%.
Smarter End-of-Season Markdowns powered by AI
Torfs faced the challenge of unlocking more value from its end-of-season markdowns. Traditional pricing methods often resulted in low margins and excess inventory. In a rapidly shifting market, a more efficient, data-driven strategy was essential.
The Solution: Crunch Markdown Assistant
Crunch developed an AI-powered tool that redefined Torfs’ markdown approach:
- Intelligent Pricing Algorithms: The tool predicts the optimal markdown for each item by analyzing historical sales, inventory levels, and market trends.
- Proven Through A/B Testing: A side-by-side comparison with Torfs’ traditional method clearly demonstrated the superior performance of the AI-driven approach.
- Seamless Integration & Ease of Use: The Assistant integrates effortlessly with existing systems and enables easy scenario testing and real-time adjustments through clear, intuitive dashboards.
The Impact
- +30% Revenue and +8% Margin uplift in the AI group.
- Significantly reduced manual effort, enabling the team to focus on strategic initiatives.
- Scaled to additional product categories, with further AI innovation in development.
Conclusion
The Crunch Markdown Assistant proves that AI doesn’t just enhance markdown, it transforms them into a powerful lever for profitability and efficiency. Ready to see what data-driven pricing can do for your business? Explore our cases or reach out for a tailored consultation. We’re here to help you lead the change.