Clearance and Liquidation Pricing
Maximize Recovery, Minimize Losses, and Set Data-Driven Prices to Clear Inventory.
Optimize End-of-Season Pricing Management
Recover Costs and Maximize Value from Unsold Products
While retailers strive to align inventory with consumer demand, unforeseen challenges can lead to surplus stock, including both seasonal merchandise and perishable items nearing expiration. As the new season approaches, it’s crucial to clear excess to make room for fresh merchandise. Our AI-driven solution enables retailers to set optimal clearance prices aligned with consumer demand. We help you expedite sales, free up valuable storage space, and reduce holding costs.
Accelerate Sale of Season-End Inventory
Liberate Capital for New Product Investments
Optimize Storage Space and Reduce Holding Costs
Determine the Most Effective Discount Levels and Timing
Effectively managing End-of-Lifecycle Pricing is crucial for retailers aiming to maximize value from unsold or expiring products. While the primary goal of clearance and liquidation is always to move inventory, their approaches can differ. Traditional clearance methods often depend on steep discounts, which can further shrink already thin margins — losses that could be minimized with smarter strategies. Churchill’s Clearance Price Elasticity Module™ (CPE) software leverages advanced AI to set the perfect price — one that moves inventory quickly while minimizing losses.
Key Benefits
Clear Seasonal Merchandise
Seasonal products must be sold within a specific timeframe. Waiting too long results in unsellable stock that takes up valuable storage space. Our solution enables the swift movement of these items at the end of their lifecycle, allowing smoother seasonal transitions.
Determine the Optimal Discount Level
In Clearance and Liquidation scenarios, it’s essential to set discount levels that effectively move inventory while maximizing investment recovery. Overly steep discounts can needlessly diminish potential returns, while conservative pricing may leave excess stock unsold. Our solution empowers retailers to make informed pricing decisions that enhance the appeal of clearance items, promote efficient inventory turnover, and optimize revenue recovery.
Liquidate Surplus Inventory
Overstock happens, whether due to shifting consumer demand, overordering, or unforeseen disruptions. Churchill’s Clearance and Liquidation Solution helps in setting optimal prices to promptly sell surplus inventory, free up storage space and reduce operational costs.
Sell Products Before Expiry
As products approach their expiration dates, the urgency to sell them increases to prevent total loss. Implementing a well-structured clearance strategy in these final stages of a product’s lifecycle is essential to minimize unsold goods and recover costs. Churchill’s solution enables retailers to set effective clearance prices that not only reduce waste but also enhance sustainability efforts.
Retail-Specific Features
Effective Clearance and Liquidation management is crucial for retailers aiming to enhance profitability and operational efficiency. Our AI-driven solution empowers your organization’s key players to optimize their efforts, ensuring more effective and efficient outcomes.
Pricing Manager
- ✔Set effective discount levels that balance inventory reduction with revenue recovery
- ✔Adjust prices in response to current consumer demand
- ✔Evaluate the impact of past clearance events to refine future strategies and maximize return on investment
Supply Chain Executive
- ✔Implement clearance strategies that align with overarching Supply Chain goals
- ✔Recoup invested capital and transform potential losses into recovered funds
- ✔Lower storage and handling expenses by efficiently liquidating surplus inventory
- ✔Support corporate sustainability goals