Processing

Please wait...

Settings

Settings

1. AU2005296133 - Method for pricing products in a retail store

Office Australia
Application Number 2005296133
Application Date 05.10.2005
Publication Number 2005296133
Publication Date 03.05.2007
Publication Kind A1
IPC
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
F
ELECTRIC DIGITAL DATA PROCESSING
17
Digital computing or data processing equipment or methods, specially adapted for specific functions
G06F 17/00
CPC
G06Q 10/087
G06Q 30/0283
Applicants Dunnhumby Limited
Inventors Hinds, Mark
Wilhite, Michael
Agents Allens Patent & Trade Mark Attorneys
Priority Data 11073354 04.03.2005 US
60/618,300 13.10.2004 US
Title
(EN) Method for pricing products in a retail store
Abstract
(EN)
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.