Scottsdale, AZ – Oct. 1, 2024 – Clear Demand, the premier provider of Price and Promotion Optimization software for grocers and convenience stores, has enhanced its Tobacco Pricing Solution to support a broader assortment of tobacco products and drive additional profitability for retailers.
Even as the customer base shrinks, tobacco remains a prominent sales and margin contributor for convenience stores, accounting for 28% of in-store sales, according to the latest NACS State of the Industry Report. However, increased competition, highly price-sensitive customers, and shifting customer behavior toward lower-tiered and other tobacco products have made effective pricing more critical.
“Our goal is to continuously evolve our platform to meet the needs of our retail partners,” said Jim Sills, CEO at Clear Demand. “By expanding the scope of our Tobacco Pricing Solution to include other tobacco products, we’re enabling retailers to optimize pricing decisions across the entire category, driving profitability while remaining compliant with complex regulations.”