Abstract: The system and method described herein provide a computationally efficient clearance markdown planning system that may quickly automate the calculations of many possible markdown plans to determine the impact of various pricing options on total sales volume and revenue. While considering business constraints and other parameters, the markdown planning system may determine an optimized markdown plan for a particular product, season, and locale. In some aspects, the markdown planning system may use scaling and a variation of dynamic programming (DP) to quickly calculate and compare different potential markdown plans.

Abstract: Systems, apparatuses, and methods are provided herein for rule-based automated retail product line linkage. The control circuit is configured to retrieve product data for a new product, comprising product categorical data, product numerical data, and product description data, and calculate unified line scores for each of the plurality of product lines in the product line database based on a categorical data score, a numerical data score, and a description data score. The control circuit is further configured to determine whether the new product corresponds to a new product line based on the unified line scores of the plurality of product lines and select a matching product line from the plurality of product lines for the new product based on the unified line scores of each of the plurality of product lines.