Technology/Services

How AI is helping convenience stores price new products

Revionics’ Matt Pavich also discusses navigating tariffs, inflation and high consumer price-sensitivity across a retailer’s entire assortment

In this episode of “At Your Convenience,” CSP Editor Chuck Ulie talks with Matt Pavich, senior director of strategy and innovation at Alpharetta, Georgia-based Revionics, about how artificial intelligence (AI) assists convenience-store retailers in pricing new products.

On this podcast, Pavich discusses why pricing a brand-new item—with zero historical sales data—is a persistent struggle for the average c-store retailer.

The interview also goes beyond new items and into how AI helps c-store retailers navigate the complexity of tariffs, inflation and high consumer price sensitivity across their entire assortment.

“At Your Convenience” brings industry experts and analysts together with CSP editors to discuss the latest in c-store news and trends. From mergers and acquisitions to foodservice and technology, the podcast delivers the story straight to listeners in short-format episodes, perfect for the morning commute or a quick break at the office.

Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Foodservice

Here are the restaurant segments most ripe for c-store competition

Convenience stores have plenty of runway to go head-to-head with restaurants on pizza, breakfast, fried chicken and more

Mergers & Acquisitions

RaceTrac enters uncharted territory with its Potbelly acquisition

The Bottom Line: There has never been a purchase of a restaurant chain the size of the sandwich brand Potbelly by a convenience-store chain. History suggests it could be a difficult road.

Foodservice

Wondering about Wonder

Marc Lore's food startup is combining c-stores, restaurants, meal kits and delivery into a single "mealtime platform." Can it be greater than the sum of its parts?

Trending

More from our partners