Bartell Drugs taps KSS Retail for price optimization
Cincinnati — Bartell Drugs has selected KSS Retail, a global supplier of price modeling, optimization, and customer insight solutions for the retail industry, as its provider for price modeling and optimization.
“We chose KSS Retail because we know Price Optimization will allow us to better understand what’s important to our shoppers, which will help us deliver the value they’ve come to expect.” said Ron Miller, senior VP merchandising at Bartell Drugs, which operates 58 stores in Washington State.
KSS Retail provides real-time modeling and optimization of regular and promotional pricing with the ability to look at pricing by price zones, as well as customer segments.
Best Buy to offer MP3 players from Mach Speed
Ada, Okla.—Mach Speed Technologies has announced the launch of Eclipse MP3 Music & Video Players at 700 Best Buy locations across the United States. The prices on these models will start at a $19.99 price point and go up to $39.99.
According to the company, this is the first time Best Buy will be carrying opening price point MP3 players.
Bill Howells, CEO of Mach Speed Technologies, stated, “We are very excited to announce the launch of Eclipse into Best Buy retail stores. Best Buy is the leading retailer in Electronics & Mach Speed is the leading manufacturer of OPP (Opening Price Point) MP3 players. This partnership couldn’t make more sense as both companies strive to give consumers the best features available at the best prices available.”
Each Eclipse player has an internal rechargeable Li-Ion Battery – for up to 8 hours of playback, and includes earbuds, USB cables and instruction manuals. All players come preloaded with music management software, a variety of preloaded songs and videos for out-of-box play, and how-to-videos to help consumer quickly get familiar with their player and answer the top frequently asked questions.
Tesco scores big with virtual grocery stores in subway stations in South Korea
New York City — British retail giant Tesco Ltd. has broken new ground, creating virtual stores in subway stations in Seoul, South Korea, as a way to make grocery shopping more convenient for the city’s busy urban residents. Tesco launched the unique venture for its Homeplus chain, which operates 115 stores in South Korea. The virtual stores were created by Cheil Worldwide of Korea.
The product-less stores consist of photo images of grocery shelves and fresh and perishable food cases, which are designed to look just like those inside of a freestanding store. Shoppers walk up to the virtual store shelves, select what products they want to buy and then scan the product’s QR code with their smartphone. Once the QR code is scanned, the item goes into the shopper’s online grocery cart. Once the shopping is completed, the shopper requests a time for the groceries to be delivered. Click here to watch a video of how the store was created.
According to reports, the virtual grocery store has attracted more than 10,000 new customers and boosted Home Plus’s online sales by 130%. Tesco’s Homeplus is looking for other similar venues in South Korea to put the virtual stores.