AI in Retail: Crafting the Optimal Price Point in an Omnichannel World

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In today's digital marketplace, consumers can check dozens of websites and retailers to find the best price for what they want to purchase. Keeping up with the ever-changing prices across physical stores, online shops, and secondhand markets can be difficult if you are one of these retailers. Aimondo is an AI tool that makes tracking prices online quick and easy. This tool can help you increase revenue and reduce inventory holding costs by using AI technology.

AI is changing how we live our lives and the landscapes of many markets. Retail is no exception. Aimondo is known within retail for achieving results within the first six months of use. The tool's leading AI technology helps retailers and manufacturers increase revenue by 38% and reduce inventory holding costs by 50%. Over 160 businesses, including Nivea and QVC, currently use Aimondo to evaluate the optimal price point for their products. The tool's AI technology scans the web for prices on sites like Google Shopping, eBay, Amazon, and more to find the price that will attract customers to your business and move products quickly. Aimondo uses AI to update these prices as they change, giving you real-time access to market and price trends.

After four successful years of helping retailers, Aimondo is a popular and sought-after tool in the retail industry. In 2016, Heinrich Mueller invented a tool to help him gather better pricing data for the e-commerce business he worked for. He built a prototype of Aimondo, and the device was so successful that other companies started asking how they could use it, too. This interest led Mueller to strike out independently, officially launching Aimondo in 2019. The tool became famous after being nominated for the European Innovation Award, and big clients started rolling in. Since then, Aimondo has only continued to build a reputation as a reliable and cutting-edge tool. This year, it was recognised as one of the top ten UK-based companies in the eCommerce Operations Supporting Businesses category by the UK eCommerce Awards. Aimondo now has offices in three different countries, over 160 clients, and is growing stronger.

AI may be the foundation of the Aimondo tool, but the company takes a personal approach to customer service. They offer white-glove service to all clients, which involves a deep analysis of customer needs and 24/7 customer service and support in English, German, and Italian. The company guarantees employees speak your language and are always available to help.

Today's retail market is vast and includes physical storefronts and e-commerce shops. Aimondo makes it easy to keep track of the competition. The company uses AI to make quick calculations while not losing the personal touch that keeps customers returning. AI is a valuable tool in the unpredictable world of retail, and Aimondo has learned to harness it for its clients.

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