Home Bargains has modernised its markdown processes, moving from handwritten price labels to an automated solution.
The variety discounter is working with Retail Insight to deploy a “data-driven markdown solution that automates pricing decisions, streamlines store processes, and ensures consistency across departments”.
Following a 20-store pilot which began in February, the solution has rolled out to over 600 stores, Home Bargains said today.
It replaces an approach which was both labour-intensive and ineffective in maximising value recovery from marked-down products, and which was seen as a “key opportunity to improve efficiency, reduce waste and enhance colleague and customer experience”.
“Partnering with Retail Insight has helped us transform a very manual, outdated process into one that’s simple for colleagues, smart for the business and better for customers,” said Home Bargains retail and technology director Paul Rowland.
“We’re selling more, wasting less and delivering real results across the chain.”
Volume sell-through is said to have increased by 1.7% since rollout.
Retail Insight CEO Paul Boyle said: “Home Bargains has been bold in its approach to tackling markdowns by moving from handwritten stickers to a fully data-driven, insight-led process.
“The results already show the value of this transformation, and we’re excited to continue supporting the team as we refine outputs further and look at the entire waste journey to deliver even more value.”
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