Case Study: a leading retailer saves £40m in direct costs with Retail Insight

Leading retailer saves £40m in direct costs with Retail Insight

A leading national retailer faced rising costs due to an inefficient, outdated process for marking down end-of-life grocery items. Their system applied the same discount to all products, lacked consistency across stores, and prevented accurate waste monitoring. To address this, they partnered with Retail Insight, which utilized its Waste Insight solution.

Retail Insight developed a new analytical markdown solution that leveraged the retailer's previously unused historical data. The system modeled item-level data to determine optimal discounts and delivered dynamic, targeted markdown recommendations directly to store devices. This solution substantially reduced the retailer's base waste costs, resulting in cumulative savings of over £40 million. Retail Insight also helped the client minimize their environmental impact through more efficient in-store processes.