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    Date submitted
  • 27-Feb-2017

Smart Store of the Future

Abstract

Each year, US Retailers lose over $1.75 Trillion in inventory carrying costs alone.

Large, medium, and small apparel retailers and boutiques alike are increasingly losing profits, struggling to find a marketing balance between online, smartphone, and in-store product positioning.

As an end-to-end solution to address this problem, PRECISE PRICE™ offers automated retail technologies that provide just-in-time pricing and in-store marketing solutions for the retailer, while allowing the customer to grab the product, pay via their smart device, and go... skipping the checkout counter. This dramatically reduces inventory and overhead costs while maximizing profits for traditional apparel retailers.

Video

Original YouTube URL: Open

Introduction Video

Additional Questions

Who is your customer?

Small, medium, large traditional brick and mortar retailers, particularly apparel and consumer goods retailers.

What problem does this idea/product solve or what market need does it serve?

Each year, US Retailers lose over $1.75 Trillion in inventory carrying costs alone. Large, medium, and small apparel retailers and boutiques alike are increasingly losing profits, struggling to find a marketing balance between online, smartphone, and in-store product positioning.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

As an end-to-end solution to address this problem, PRECISE PRICE™ offers automated retail technologies that provide just-in-time pricing and in-store marketing solutions for the retailer, while allowing the customer to grab the product, pay via their smart device, and go... skipping the checkout counter. This dramatically reduces inventory and overhead costs while maximizing profits for traditional apparel retailers.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

PRECISE PRICE™ bridges proprietary auto-pricing software with proprietary e-paper technologies to form just in time communication to supply chain and marketing programs. Our end-to-end proprietary solution and processes provide unmatched solutions for retailers to dramatically cut costs and maximize profits.