The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 01, 2022
Filed:
Aug. 02, 2019
Target Brands, Inc., Minneapolis, MN (US);
James Gaynor, Lawrence, PA (US);
Luyen Le, Minneapolis, MN (US);
Saibal Bhattacharya, San Mateo, CA (US);
Brian Wongchaowart, Pittsburgh, PA (US);
Hamidreza Badri, Los Angeles, CA (US);
Elif Tokar-Erdemir, Plymouth, MN (US);
Xiao Pu, San Jose, CA (US);
TARGET BRANDS, INC., Minneapolis, MN (US);
Abstract
Methods and systems for generating an optimal clearance schedule for inventory items in a retail enterprise. A method includes accessing historical sales data for a plurality of inventory items in a department of a retailer. A selection of an item is received and a set of possible discount schedules for the item are generated. Each schedule includes a set of prices and a price duration. A forecasting tool provides a sales performance of the item based on the historical sales data. An optimal clearance schedule is selected from the possible discount schedules.