Title:
METHOD FOR PRICING PRODUCTS IN A RETAIL STORE
Document Type and Number:
WIPO Patent Application WO2006044183
Kind Code:
A8
Abstract:
A method for pricing products such as goods that are sold in a retail store. The method of the present invention is carried out using the following five-step process: (a) evaluating transaction data for a plurality of consumers; (b) classifying the plurality of consumers into a plurality of consumer groups; (c) identifying a product category; (d) classifying products in the product category into a plurality of product groups, the product groups being based at least in part on the plurality of consumer groups; and (e) setting the retail price of a product in the product category, the retail price being based at least in part on the product group into which the product is classified.
Inventors:
HINDS MARK (US)
WILHITE MICHAEL (US)
WILHITE MICHAEL (US)
Application Number:
PCT/US2005/035588
Publication Date:
June 15, 2006
Filing Date:
October 05, 2005
Export Citation:
Assignee:
DUNNHUMBY LTD (GB)
HINDS MARK (US)
WILHITE MICHAEL (US)
HINDS MARK (US)
WILHITE MICHAEL (US)
International Classes:
G06F17/00
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