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SOLUM and Competera expand AI pricing–ESL integration in Europe
Yahoo Finance· 2026-03-02 09:40
Core Insights - Samsung-owned SOLUM and US-based Competera have expanded their partnership to enhance pricing strategies in European retail networks [1][3] - The integration combines Competera's AI-driven pricing platform with SOLUM's electronic shelf label (ESL) system, allowing for real-time price optimization and updates [1][2] Group 1: Partnership Expansion - The partnership aims to synchronize price optimization decisions with shelf-edge updates, enhancing the retail pricing strategy [1][2] - Competera's AI-driven pricing recommendations can be implemented automatically in stores through API connections to SOLUM's infrastructure [2][3] Group 2: Technology Integration - The integration allows for machine learning-derived pricing recommendations to be executed on ESLs almost in "real-time," linking pricing analytics with in-store displays [2] - SOLUM's proprietary Newton Protocol supports the communication between the pricing platform and ESLs, ensuring low-latency updates [2] Group 3: Strategic Goals - Competera's CEO emphasized the need for enterprise retailers to combine advanced pricing intelligence with reliable execution in physical stores [3] - SOLUM's CEO highlighted the importance of infrastructure that can execute intelligent pricing strategies at scale, reinforcing the commercial foundation for deployment [4] Group 4: Additional Collaborations - SOLUM has also extended its partnership with Finnish retail infrastructure provider EWQ to enhance integrated in-store digital communication systems [4][5] - This collaboration includes combining ESLs, large-format e-paper displays, and digital signage into a unified retail platform [5]
Instacart's AI pricing experiment drives up costs for some shoppers, study says
Fox Business· 2025-12-12 14:11
Core Insights - Instacart is implementing AI-enabled pricing experiments that result in significant price discrepancies for identical products among different customers, with differences reaching up to 23% [1][2][6] Pricing Discrepancies - A family could potentially pay an additional $1,200 annually for groceries due to these pricing differences, exacerbating the grocery affordability crisis [2] - The pricing experiments are part of Instacart's strategy to help retail partners understand consumer preferences and identify areas for price adjustments [6][11] Research Methodology - The investigation involved simultaneous online shopping sessions with hundreds of volunteers across major grocery retailers, including Albertsons, Costco, Kroger, Safeway, Sprouts Farmers Market, and Target [4][6] - Volunteers compared prices for the same grocery items, and the data was analyzed to calculate average price differences [6] Company Responses - Instacart acknowledged the pricing tests but emphasized that they are short-term and randomized, aimed at understanding consumer preferences [6][12] - The company clarified that these pricing variations are not based on personal characteristics or supply and demand factors [12] Retailer Involvement - Target stated it is not affiliated with Instacart and does not control prices on the platform, while Instacart uses Target's publicly available prices as a baseline [8] - Instacart mentioned that it has concluded its pricing tests on the Target storefront during the review period [9]