Retail Mavericks

In this episode of Retail Maverick, we bring you a webinar that we hosted with CMA|SIMA. The webinar delves into the transformative power of AI in retail with our expert panelists from HIVERY, Brian Ruhaak, and Cole Decker. Hosted by Mike Wilkening from CMA|SIMA, the webinar "Measuring Assortment Impact with AI: Strategy to Execution" explores how AI simplifies complex decision-making, t...

Explore how AI solutions are revolutionizing the world of retail on the latest episode of Retail Maverick. Discover the incredible journey of a multinational grocer as it leverages AI to streamline planogram management, enhance in-store performance, and gain negotiation power with suppliers. Learn how AI-driven decisions are shaping the future of retail strategy and efficiency.

Discover how AI and HIVERY Curate transforms new product innovation in retail on the latest episode of Retail Maverick! Dive into a real-world use case where AI-powered insights enable precision in planning, operational efficiency, and even damage control. Learn how to confidently pitch new products to retail buyers backed by data-driven insights, reducing risk and increasing the likelihood of suc...

The world of retail optimization comes to life in a dynamic conversation between Russ Hawkins of Agilence and Milena Salmon, host of HIVERY's Retail Maverick show. This podcast delves into the intricacies of the retail landscape and how retail data is reshaping the industry. Listeners will gain insights into various facets of retail, from table service restaurants to grocery stores and special...

In this Retail Maverick Shorts episode, we delve into assortment management and the impact of deletions and additions to your product lineup. Discover how HIVERY Curate's advanced AI-driven insights empower retailers to make informed decisions, optimize their assortment, and enhance customer satisfaction. Key learnings include predictive analysis, risk mitigation, customer-centric approaches,...

In this episode of Retail Maverick Shorts, we embark on a journey into the world of retail assortment strategy, guided by the power of "What If" scenarios and cutting-edge AI technology. Our expert host delves deep into how retailers and CPG suppliers can harness the flexibility and insights offered by AI-driven assortment strategies. Listeners will discover the significance of adapting...

This Retail Maverick Shorts podcast episode focuses on Product Line Reviews (PLRs) and the role of AI, particularly HIVERY Curate, in overcoming common challenges. PLRs, crucial for retailer-supplier collaboration, often suffer from transparency gaps, resource limitations for small suppliers, alignment dilemmas, and withheld information. AI solutions like HIVERY Curate serve as a solution by using...

In this episode, we're unveiling the transformative potential of AI tools like HIVERY Curate in driving growth strategies. Imagine predicting outcomes before taking action through scenario analysis. We will cover six (6) use cases specifically. With AI, we explore diverse pathways and make informed decisions. Hyper-local assortment optimization takes center stage, crafting store-specific offer...

Discover the transformative Edge Assortments Strategy on Retail Maverick Shorts. In the dynamic realm of retail, AI-powered Edge assortments hold the key to optimizing revenue growth and operational efficiency. These strategic selections, identified through AI's data prowess, lie at the edges of traditional assortment plans, impacting business outcomes significantly. With a focus on just a han...

Discover the captivating world of retail psychology in our latest episode of Retail Maverick Shorts. Unravel the mystery behind "Why shoppers lie" and delve into how cutting-edge AI technology erases the gap between what consumers say and what they do. Traditional research methods often fall short as shoppers provide incomplete or aspirational responses, creating a challenge for retailer...

Come and join Milena Salmon, the host of Retail Mavericks, and Penelope Murdoch, the Lead Design Manager at HIVERY, as they delve into the exciting realm of design, AI, and retail transformation. This fascinating conversation covers a range of topics, from taking a holistic approach to design to the shift from digital transformation to AI products. You'll gain valuable insights into the modern...

Welcome to another episode of Retail Maverick Shorts, where we explore key topics in the retail industry. In this episode, we uncover the importance of optimizing demand transfer at the store level. Traditional approaches relying on national demand transfer curves often overlook the unique dynamics of individual stores. By leveraging AI and store-level data, retailers can accurately predict demand...

In this episode, we delve into the 'Chameleon Effect' and its impact on consumer behavior across various retail environments. We explore how AI, combined with store-level data, can uncover subtle variations in shopper behavior and enable more effective strategies. This episode promises to shed light on the intricate relationship between stated consumer preferences, actual purchase decision...

We all know that the right assortment in the right space and in the right stores can drive the most value. Locally relevant planograms, while in theory, it may sound great; in practice, it can be very time-consuming, and complicated to achieve. This is where AI comes in. Join  Dirk Herdes, VP of Retail , and  Jackie Wightman, Sales Director  from HIVERY in this   CMA | SIMA 45 min hosted webinar t...

In this episode of Retail Maverick Shorts, we explore a case study where hunches about shopper behavior, when validated with AI and data analytics, resulted in a transformative retail strategy. We discovered the revenue potential of tweaking pack sizes and transitioning products between different temperature zones. Our experiment led to a 13.7% increase in category revenue and a 9.4% surge for our...

Join us in this podcast episode of Retail Maverck as we delve into the intricacies of retail competition. Determining the best product prices involves a complex negotiation between manufacturers and retailers, each with unique considerations and limitations. Our latest blog post examines the dynamics of price negotiations, trade incentives, and their effects on consumer behavior. You'll gain i...

Welcome back to another episode of Retail Maverick Shorts! Today's short, we will explore how leading CPG brands have leveraged AI capabilities to inform price pack architecture and optimize their product portfolios across multiple retailers. By leveraging store-level data, AI allows businesses to make informed decisions, enabling them to create locally relevant, efficiently merchandised, and...

Welcome to Retail Maverick Shorts! In today's episode, we explore how Tyson Foods, a leading multinational food corporation, used AI to uncover an additional $1.5 million opportunity. Faced with the challenge of expanding new product innovations without negatively impacting established national brands in Target stores, Tyson Foods leveraged AI to simulate and compare different strategies. The...

Are you looking to optimize your store's shelf space for a new product line? In this podcast episode, a team discusses their experience of using AI technology to optimize their shelf space and improve their revenue potential. By applying merchandising constraints such as "item pairing," the team was able to run five different scenarios to analyze the impact on revenue. Specifically,...

In this episode of Retail Maverick Shorts, we explore the Assortment Planning Conundrum and how AI can help retailers strike the perfect balance between store clusters, store-level operations, and consumer-centric assortments. As customer demands variety and convenience continue to rise, retailers are faced with the challenge of meeting these demands while remaining operationally efficient. Hyper-...

In this Retail Maverick Shorts episode, the focus is on the Space Contribution Index, a critical metric in the field of assortment planning and optimization. The index measures the proportion of linear shelf space a product occupies relative to its sales performance, and achieving the perfect index value for each category at each store is no easy task. However, AI and advanced data analytics techn...

In this episode of Retail Maverick Shorts, we explore how AI is transforming the process of category planning and cluster design in grocery stores. With the ability to simulate the impact of retailer requests and optimize clusters at the store level, AI can significantly improve the accuracy and efficiency of the reset process. This ultimately results in planograms that better reflect shoppers' ne...

With a growing list of SKUs, limited shelf space, different store characteristics, constraints, and current supply chain challenges, Merchants and Category Managers are increasingly under pressure to get assortment and planograms right and deliver them quickly. HIVERY is working with the top 25 to 50 CPG brands and in over 100 retail categories - all this and in just a few years.  So, it is s...

Simulating Merchandising Decisions with AI - Deliver Relevant, Store-Specific SKU Selections with Progressive Grocer One of the biggest value drivers for retailers is rapidly deciding and delivering store-specific SKU selection, space allocation, and planograms at scale. However, the industry continues to struggle with harnessing diverse datasets and AI-driven analytics to unlock this opportunity....

In this webinar (converted to a podcast) hosted by  Category Management Association ;  IDC’s Jon Duke, Vice President of Research and Retail Insights , and  HIVERY's John Showalter, VP of Client Services,  discuss the coming merchandising challenges for retailers and CPGs as well as the next generation of software solutions that help solve the...