Lowe’s Companies is the next company to find implement new technological strategies to strengthen its business!
Lowe’s just announced their new acquisition of a Retail Analytics platform from Boomerang Commerce. This new system will be integrated into the company’s core retail business and will support the strategic and data-driven pricing and merchandise assortment decisions across the company!
This analytics platform allows Lowe’s to process product and pricing datasets to convert them to insights and actions. This new acquisition has been designed to help any retail company assist in modernizing and digitizing the approach of pricing!
Godbole continues her announcement by stating that, “adding this team and technology to our existing capabilities helps us leverage the right data quickly, effectively, and successfully.” Additionally, Guru Hariharan, the founder of Boomerang Commerce is thrilled to partner with Lowe’s and has high regard for the company’s leadership in the home improvement industry!