Case Study

CREATING A BUSINESS SUCCESS PLATFORM FOR A PROMISING ONLINE RETAILER

CREATING A BUSINESS SUCCESS PLATFORM FOR A PROMISING ONLINE RETAILER

Pages 3 Pages

A leading European online retailer with $97M in annual revenue and an 8% profit margin partnered with Quicklizard to improve its pricing strategy. Initially using Excel for price adjustments, the retailer sought an AI-based dynamic pricing solution to automate decisions and consider real-time variables like inventory, user behavior, and costs. Quicklizard's platform optimized pricing for 80% of the retailer's products and integrated inventory management. Six months post-implementation, the retailer saw a 34% revenue increase and an 11% profit growth, allowing them to expand into two new sales channels across Europe.

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