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AI Series Part 3: How Much Should You Rely on Artificial Intelligence in Fuel Pricing?

AI Series Part 3: How Much Should You Rely on Artificial Intelligence in Fuel Pricing?

By Anila Siraj, EVP of Research and Applied Data Sciences

This post is part three of a three-part series. Read parts one and two here.

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Why Should Fuel And Convenience Retailers Care About Millennials?

Why Should Fuel And Convenience Retailers Care About Millennials?

By Elizabeth Kershaw, Client Services Consultant, Pricing

Millennials represent over 90 million consumers, and by 2020 — just a few short years away — they will account for 30 percent of retail spending in the US. In India, there are more millennials than in the UK and US combined. Demographically, millennials now outnumber baby-boomers. Far from the stereotype of the millennial still living at home, many of these consumers are now in their 20s and 30s with increasing spending power.

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7 Ways Automated Pricing Processes Help Boost Fuel Profits

7 Ways Automated Pricing Processes Help Boost Fuel Profits

By Ian Thompson

Automated pricing processes can feel like a risk. How will you know if your prices are optimized? Can you really depend on a software solution to boost profit? And how will you feel giving up some control over pricing tactics?

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Why You Need to Start Forecasting Merchandise Promotion Results

Why You Need to Start Forecasting Merchandise Promotion Results

By Adam Kaplan

Have you ever chosen your order quantity for a promotion based solely on the quantity you sold during your last promotion for that item? This practice commonly results from and perpetuates a "wait and see" mentality — a mentality that larger retailers have had to move beyond as SKUs increased, though it has not yet disappeared from traditionally smaller SKU count convenience stores.

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Why Should Retailers Use a Predictive Model For New Site Search?

Why Should Retailers Use a Predictive Model For New Site Search?

By Debbie Miggins, Vice President, Location Services

Retailers have to make a site selection in order to grow their business. With so many available properties and so many factors to consider, how should one go about selecting the best locations?

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Automation in Fuel Pricing: As Simple as an Out of Office?

Automation in Fuel Pricing: As Simple as an Out of Office?

By Kalibrate Team

Utter the word "automation" in a room full of people with diverse careers and histories. Some will shudder. Some will ignore. Some will start to get excited at the possibilities. Utter it in a room full of best-in-class fuel pricing analysts, and they're liable to start clapping. While automation is sometimes perceived as threatening, scary or "too difficult," it is absolutely essential from an overall efficiency standpoint. And at the end of the day, it equates to increased revenue, which analysts and executives alike happen to enjoy.

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Why Don’t Convenience Store Retailers Measure Merchandise Promotions?

Why Don’t Convenience Store Retailers Measure Merchandise Promotions?

By Kalibrate Team

John Wanamaker, a U.S. merchant who opened the first department store in Philadelphia in the late 1800s, coined the popular phrase, “Half the money I spend on advertising is wasted; the trouble is I don't know which half.” Though referring specifically to advertising dollars, Wanamaker’s statement is every bit as applicable to convenience store retailers trying to measure the effectiveness of their merchandise promotions.

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Is Europe Falling out of Love with Diesel Fuel?

Is Europe Falling out of Love with Diesel Fuel?

By Elizabeth Kershaw, Client Services Consultant, Planning

 Emissions scandals, diesel car bans in Europe’s capitals, proposals for changes to tax regimes – what is happening to the once revered diesel fuel in Europe?

Answering that question means looking back to the beginning of the love affair, and why Europe became so enamoured with diesel fuel in the first place.

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