
Master retail fundamentals, pricing strategies, markdowns, and product placement. Analyze data with Python and Excel, and forecast demand using linear regression and deep learning.
Retailers act as the essential middlemen by creating an assortment, breaking bulk, and driving demand, bridging space and time, and enabling promotions that add value for manufacturers and customers.
Explore how retailers act as essential middlemen, creating assortment, breaking bulk, and bridging space and time to simplify shopping, including online delivery and demand creation.
Explore how retailers create value along the supply chain, own stock, and run promotions across food and near-food and general merchandise, while inventory planning and online, in-store, and cross-channel fulfillment.
Examine verticals, broad verticals, and induced verticals in retail, where manufacturers design and produce their own products or retailers host their own brands to gain margins across the value chain.
Identify verticals as firms that manufacture and sell, owning major parts of the supply chain. Show mass production, globalization, and examples like Ikea and Azara with unified layouts.
Examine how food and near food retailers manage perishable inventory with expiry dates, shrinkage, high turnover, and forecasting, from hypermarkets to convenience stores, focusing on footfall and accessibility.
Explore general merchandise retailers that sell non-food, nonperishable items with infrequent purchases; examine inventory turnover, forecasting for low to moderate value items, and roles of specialty, department, and off-price formats.
Online retail now dominates product sales, enabling price comparisons across brands and retailers. Physical retail remains dominant, with online serving as a supplementary channel rather than a replacement.
Explore multichannel retail strategies that blend online and brick-and-mortar presence, with integrated offerings, contrast online and in-store pricing, and address cross-channel buying, forecasting, and inventory implications.
Combine manufacturing with retail in the same value chain; verticals rely on own warehouses and transportation. Transform traditional retailers into verticals by adding own-label products like Carrefour coffee.
Learn how retailers define the merchandise mix, from product families to categories, subcategories, SKUs, brands, and attributes like size and color to shape assortment.
Distinguish seasonal SKUs from stable SKUs in retail, recognizing how seasonality, events, and limited editions drive inventory, assortment, and buying strategies.
Explore the concepts of breadth and depth in retail assortments, with examples from clothing, food, outdoor, and non-food retailers, and learn how strategic focus shapes variety and specialization.
Retailers balance deep assortments for core strengths with shallow assortments for complementary items, creating a one-stop shop for groceries, cosmetics, pharmacy, furniture, and diy.
Explore how retailer brands and manufacturing brands shape the assortment and store image, driving footfall and loyalty while balancing margins and negotiating power.
Define the category definition, category run, assessment, and performance measures, and outline strategies, tactics, and implementation plan across destination, routine, convenience, and occasional categories.
Explore category strategy to drive traffic with promotions, build transaction value through interrelated products and kits, boost profit via high-margin items, and strengthen brand image with unique offerings.
Explore how pricing drives revenue and profit through value-based, market-based, and cost-based strategies, with demand-based pricing to model the price response function and optimize margins.
Explore demand oriented pricing using response functions (linear and logit) and learn cost based pricing, markup calculations, and category driven strategies in retail analytics.
Visual merchandising balances task completion and recreational shopping by shaping store layouts—great layout, free form layout, and loop layout—and using sales staff to boost pleasure and excitement.
Learn demand-based pricing through analytics with Excel and Python, and fit linear and logistic models to test elasticity and revenue impact on real retail data.
Explore willingness to pay, demand, and the linear price response function. Learn to estimate demand with Excel regression and interpret the slope for pricing.
Derive the linear regression formula using ordinary least squares to fit price and demand data. Learn when linear models capture willingness to pay and when nonlinear relationships require alternative approaches.
Examine the linear price response function that maps price to demand across channels and segments. Learn its time-dependent, continuous, downward-sloping, non-negative properties and how competition shapes demand.
Explore price optimization with linear regression and elasticity to maximize revenue and profit, then compare linear and logit models for non-linear demand using error metrics to choose the price strategy.
Explore the logistic price response function and compare it to the linear model. Learn how fitting these models informs revenue and profit optimization.
Estimate a linear price response function by fitting demand to price, compare with logit, and visualize the trend line, equation, and R-squared.
Correct the linear price response function by updating the coefficient and intercept, changing elasticity estimates and maximum revenue from 22 to 24.
Learn to fit a logit price function by setting dummy parameters and using optimization to minimize squared error, comparing to linear estimation in Excel.
Use Excel to fit parameters and simulate price effects on demand and revenue with linear and logit models, identifying optimal price around 22 (linear) or 26 (logit) for max revenue.
Explore elasticity of demand as a measure of price sensitivity, distinguishing elastic, inelastic, and unit elastic goods, and apply a simple revenue-maximization method by setting elasticity to one.
Examine elasticity in pricing: how percentage price changes affect demand via the price response function, identifying elastic, inelastic, or unit elasticity to maximize revenue, with a 2.4 price example.
solve a pricing assignment by fitting a linear model to price and demand using maximum likelihood estimation, compare models by squared error, and determine optimal prices, with budget optimization.
Explore polynomial regression variants, adding price squared and price cubed to fit demand, evaluate fits with sum of squared errors, and compare to logit.
Explore how price changes affect demand across products, with short-run inelasticity for salt and airline travel and long-run elasticity for tires, meals, and cars, and learn to measure elasticity.
Analyze willingness to pay and its reservation price, using a uniform 0–10 dollars distribution for a total 20,000 market, deriving the price response function and willingness to pay from it.
Explore the linear, reduced, and logistic price response models, define elasticity, and identify when price changes maximize revenue, including willingness to pay and unit versus elastic demand.
Explore how markdowns drive revenue, segment customers, and manage inventory through descending and time-based discounts, bundles, and salvage pricing, using optimization tools in Excel to maximize profit.
Explore markdowns in retail, including time-based and bundle offers, end-of-life discounts, and permanent price drops; understand why they free shelf space, manage capacity, perishability, and customer segmentation.
Explore why retailers use markdowns to boost footfall, manage end-of-season inventory, and tailor pricing to budget, value, and luxury customers based on willingness to pay.
Segment customers into budget, value, and high-roller personas—froogle, frankie, and helen—using market basket analysis to craft targeted promotions, clearance alerts, and VIP service for higher engagement.
Explore pricing and inventory optimization across three customer segments: value, budget, and luxury, using discount schedules, salvage value, and a price response function.
Set up a three-period inventory and pricing model with a linear demand function, initial prices, and salvage value to model revenue across periods.
Maximize the objective function by selecting the variable cells to change and adding constraints in the solver. Ensure i is greater than p5+1 and consider a salvage value option.
Analyze salvage value in a two-division inventory problem, showing how price response and demand cap revenue while unsold units are written off; adjust order quantity from 400 to 300.
Explore forecasting uncertain demand by extending linear regression with seasonality and trend, estimate monthly sales changes, and embed this demand model into pricing optimization to guide inventory decisions.
Perform sensitivity analysis on demand, pricing, seasonality, and salvage values to optimize inventory and revenue through forecasting, linear regression, optimization, and markdown strategies for strategic and myopic customers.
Explore a simple one-period markdown strategy that targets myopic customers first and strategic customers later, using price P1 to optimize revenue in a simple linear regression framework.
Apply optimization to maximize profit using Excel and Python, handling deterministic and non-deterministic demand with price response functions, including seasonality and the trend.
Discover how Python evolved from a general programming language to a leading data science tool, and learn to install and use Anaconda, Jupyter notebooks, and Spyder for analytics.
Install Anakonda by visiting the download page and selecting the appropriate installer for Windows, Mac, or Linux, then wait for the installation to complete.
Learn to install Anaconda, follow the setup steps, and explore which applications run inside the Anaconda environment on your computer.
Explore Jupiter notebook overview: use a web-based interactive shell in Anaconda, open a new Python 3 notebook, see instant outputs, and compare Spyder and Python as two workable options.
Learn to use Python libraries for data science by importing packages like pandas, numpy, and matplotlib; explore Jupyter and Spyder in an Anaconda environment for data manipulation and visualization.
Learn to install the most updated inventories package with pip, as the instructor notes to use inventories for future updates and to stick to the standard pip install inventories.
Discover Python data types and structures, from numbers, booleans, dates, and strings to lists, dictionaries, and tuples, and learn to import, clean, and prepare data for retail analytics.
Learn Python basics for dataframes, including function syntax with parentheses and value assignment, dataframes resemble Excel tables with observations as rows and attributes as columns; objects differ from strings.
Practice basic arithmetic in Python using a Jupyter notebook, creating variables like addition and multiplication, and building lists such as prime numbers while learning that Python indexing starts at zero.
Explore Python list slicing by practicing index-based subsetting, mastering zero-based, end-exclusive ranges, and apply these ideas to lists of names and simple data frames with strings vs numbers.
Explore dictionaries as key-value stores, where keys map to values; learn to create dictionaries, retrieve keys and values, and access specific elements using dot notation.
Learn about arrays as a more efficient, multi-dimensional data structure compared with lists and dictionaries, by importing numpy as np, creating arrays, and performing elementwise arithmetic.
Learn to subset a dataframe with iloc and loc, selecting rows and columns by index and label, then add a price in euros column converted from USD at 1.2.
Learn to apply conditional logic to data frames, testing single and multiple conditions with comparisons and logical operators, and use them in for loops and if statements for subsetting.
Explore writing functions in Python by defining a status function with def, using indentation, and applying conditional logic to classify a person as child, teenager, or adult.
Explore how to apply a function to every element using Python's map, create a map object, and convert it into a list to view the results.
Demonstrate python for loops as an essential iteration tool by iterating over a class list to print each element, compare with map, and obtain consistent results.
Learn to loop over a data frame by indexing the first 10 rows of a one-million-row dataset, apply functions row-wise, and compare map and apply for scalable retail analytics.
Learn python fundamentals for retail analytics, including lists and dictionaries, data import with pandas, data subsetting with loc and iloc, boolean conditions, defining functions, map-based categories, and for loops.
analyze a 400-car dataset in python, computing stats, renaming a column, creating subset, and implementing a pricing category function that returns budget (<20000) and expensive (>35000) with a color category.
Analyze a cars dataset to determine its shape, identify unique cylinders, compute average horsepower and price, and find the most expensive car using filtering and descriptive statistics.
Rename the car names column to a more representative name, create a subset named car pricing, and implement a pricing category function to classify prices as budget, suitable, or expensive.
Apply data cleaning and transformation techniques in pandas to drop duplicates, handle and impute NA values, check shapes, and convert date types for retail data.
Clean retail data by dropping unnecessary columns and duplicates, convert the invoice date from object to datetime, and create a usable date column for time-based analysis.
Clean retail data by dropping unnecessary columns and duplicates, and convert the invoice date to datetime for time-based analysis. Enable recency and frequency insights for customer purchasing in upcoming lessons.
Learn to filter data in Python by selecting subsets with simple where conditions on country values, including multiple values like France, Ireland, and Spain, and combining conditions with logical operators.
Explore imputations by filtering data and conditionally replacing values, such as updating country from Ireland to Eastern Ireland and renaming stock descriptions from post to small post.
Learn to use single and multi-level indexing to organize and filter retail data, set and reset indices, and quickly retrieve transactions by country and date.
Explore indexing and slicing to filter a retail dataset by country, location, and year. Sort by country alphabetically and extract customers from UK and France in 2011 using top-level indices.
Explore three key data manipulations—pivot tables, melt, and group by—in Python, using a sales data time series to compute aggregates and extract insights.
Group by country and description to aggregate retail data, computing sums like total sales and quantity, and convert grouping keys to indices for multi-level analysis.
Apply the aggregate function to perform multiple aggregations, such as mean on quantity and price, and explore slicing with or without index in groupby results.
Learn how to handle multi-index data in retail analytics by dropping index levels to convert them into columns, perform level-based aggregation, and retain levels for country and description.
Use aggregate to group by country, specify per-column operations, and compute mean for quantity and price while preserving column identities and descriptions, then reset the index for a clean result.
Learn how to use a pivot table to reshape supply chain data by placing country as columns, keeping date and quantity, and using index, columns, and values.
Use aggregate functions in a pivot table to sum quantity by date and country, and set separate aggregates for quantity and price.
Join level zero and level one with an underscore to create one-level columns, then apply melt to convert wide data into a long format with a single variable.
Create two column data frames from a dictionary with names, titles, and ages, then join the tables in Python using inner, full (outer), and left joins.
Explore left join, inner join, and full join (outer) to merge tables by common keys, bringing matching right or left data and preserving all or some rows for retail analytics.
Learn to manipulate retail analytics data with Excel and Python, including dropping rows or columns, using aggregate, melt and pivot, setting index, and performing joins for analysis.
Import and organize flights, planes, airlines, and airports datasets, compile columns for departure times, delays, tail numbers, origins, destinations, and distances, then tackle related analytics questions in the next session.
Identify the most popular destination city from New York by counting flights to each destination, then join with airports to fetch destination airport names.
Count monthly flight values to identify the busiest month, noting July as the peak. Compute average departure and arrival delays by carrier to compare punctuality.
Analyze flight data by origin and destination to compute average air time and identify the longest routes, then evaluate airline punctuality to flag Frontier Airlines as worst for delays.
Analyze airline capacity by merging flight and plane data to identify the carrier with the most seats, and determine the most used aircraft model and its manufacturer.
Learn to work with dates in Python for time-based analysis, covering date formats, parsing, extracting components with date time accessors, and resampling plus rolling averages for forecasting and stock analysis.
Compute customer recency by subtracting each last purchase date from the dataset maximum date. Create a recency column, plot a histogram, and use mean and percentiles to spot lapsed customers.
Explore modeling inter-arrival times by looping over each customer, filtering data, computing last purchase dates, shifting observations, and building a consolidated data frame to capture per-customer durations.
Learn to compute inter-arrival times by converting date objects to time, calculating duration between consecutive events, grouping by customer, and deriving customer-specific inter-arrival intervals using Excel and Python.
Explore resampling and aggregating time series data, turning daily sales into weekly or monthly insights by setting the date as an index and applying mean, sum, or standard deviation.
Explore rolling time series by applying a moving average over a seven-day window, creating new rolling data points and plotting the weekly series with stock data such as Microsoft.
Compare rolling weekly and monthly moving averages to smooth observations, resample data, and interpret moving-average crossovers for stock trends and supply-chain decision-making.
Learn to convert data to time-based measures, apply sampling and rolling statistics, and use moving averages to analyze trends and forecast stock performance in retail analytics.
Address section seven assignment by cleaning 2011 data, creating week and month-year features from invoice dates, calculating recency per customer, and applying two-week and one-week moving averages with weekly resampling.
Learn to clean retail data by dropping duplicates, convert invoice dates to datetime, extract week, day, month, and year, and compute last purchase dates and moving averages for inventory planning.
Apply the Pareto law to retail by identifying revenue-driving products and optimize shelf placement for eye contact and impulse buys, using Python and Excel for analysis.
Perform ABC analysis in excel by calculating total cost per item, ranking by cost, and computing cumulative percentages to categorize items and target supplier savings.
Explore how retailers organize assortment—theme oriented, item oriented, and brand oriented—then implement placement strategies like window display, eye-level shelves, and a planogram using data-driven insights and slotting fees.
Explore an apparel retailer dataset by dissecting assortment and category, examining list price, price paid, promotions, and costs, while noting randomized data and potential returns.
Create visualizations to analyze sales by section, identify unique categories such as cycling fitness, outdoors outing, and swimming and yoga, and compute daily quantities per category using basic data manipulation.
Create the revenue column by multiplying quantity by list price, adjusted for promotions, and analyze sales growth over time by section and by total.
Calculate the profit by subtracting the total cost from revenue; total cost equals unit cost times quantity, and the caption notes profits may be low at the end of season.
Identify volume drivers and the impact of product placement for impulsive buying by selecting high-volume, low-margin items and placing them near the exit or cashier, using last quarter data.
Group items by item section to view an aggregated total profit and total revenue, with an added indicator column to clarify item descriptions, retail management analytics with excel & python.
Diagnose promotion discount miscalculation; apply correct revenue after discount using list price to ensure profits meet 25 percent; outline abc analysis to identify volume drivers and inventories via Anaconda prompt.
Examine ABC classification accuracy, align product mix with sales and profit, and explore strategic placement and pricing to boost high-profit, fast-moving categories.
Use abc analysis to guide product placement and pricing, relying on last quarter of 2019 data to discount slow-moving high-margin c items and promote high-margin fast-moving items at eye level.
RETAIL ANALYTICS · RETAIL MANAGEMENT · PRICING ANALYTICS · DEEP LEARNING · ANN · RNN · PRODUCT PLACEMENT · PYTHON · SALES FORECASTING · ELASTICITY · MERCHANDISING
★ Udemy Premium Course — 4.5 Stars, 10,900+ Students, Part of the RA Retail Series
This course carries Udemy’s Premium badge and a sustained 4.5-star rating from 10,900+ enrolled students — retail managers, buyers, data analysts, and demand planners who enrolled and stayed for the full 18.5 hours. It is Episode 1 of the three-part RA Retail Series: the foundational program that builds the retail domain knowledge and Python skills needed for everything that follows in EP2 (Retail Planning & Assortment Analytics) and EP3 (Customer Analytics & Trade Area Modelling).
★ Deep Learning for Retail Sales Forecasting — ANN and RNN with Keras and TensorFlow
This is the only retail management course on Udemy that teaches deep learning forecasting. Sections 11 and 12 go well beyond classical regression: you will build Artificial Neural Networks (ANN) and Recurrent Neural Networks (RNN) in Keras and TensorFlow to forecast retail sales at subfamily and SKU level. You will compare ANN accuracy against classical methods, develop a generalised forecasting function, and scale it to forecast all product subfamilies simultaneously. Then Section 12 applies middle-out hierarchical aggregation to reconcile SKU-level forecasts across the product hierarchy.
★ Pricing Analytics Taught with Real Economic Models — Elasticity, Logit, and Markdown Optimisation
Most retail courses mention pricing as a concept. This course teaches it as a discipline. Sections 3–5 build the full pricing analytics toolkit: linear and logistic price response functions, elasticity calculation, the logit price model, polynomial response variants, willingness-to-pay analysis, point of maximum profit simulation, and multi-period markdown optimisation with Excel Solver. These are the quantitative tools that pricing analysts and revenue managers use to set and defend prices with data.
★ Built by a Retail Industry Consultant — Co-Founder of Keip, a SaaS Platform for Retail Management
Haytham is an active retail and supply chain consultant who works with retailers including Sephora France and Sharaf Group Dubai, and is co-founder of Keip — a SaaS platform built specifically for retail management and analytics. Every retail framework, pricing model, product placement strategy, and forecasting technique in this course has been applied in live client engagements. No textbook retail theory — practitioner knowledge from day one.
★ Episode 1 of 3 — The RA Retail Series: The Most Comprehensive Retail Analytics Program on Udemy
This course is Episode 1 of the three-part RA Retail Series — a complete retail analytics curriculum that takes you from retail fundamentals through to advanced planning, customer analytics, and trade area modelling. EP1 (this course) builds the foundation: retail management, pricing, deep learning forecasting, and product placement. EP2 (Retail Planning & Assortment Analytics — Highest Rated) adds budgeting, OTB, assortment optimisation, and AutoML. EP3 (Customer Analytics & Trade Area Modelling) adds churn prediction, customer segmentation, and geographic trade modelling. Each episode stands alone. Together they form a complete retail data science program.
Retail is one of the most data-rich industries in the world — and one of the least analytically equipped. This course changes that. It is Episode 1 of the RA Retail Series: an 18.5-hour program that takes you from what a retailer is, through pricing science, visual merchandising, product placement optimisation, and Python data manipulation, all the way to building Artificial Neural Network and Recurrent Neural Network models in Keras and TensorFlow to forecast retail sales at product and SKU level.
The course is structured in four phases. The first builds retail domain expertise: types of retail, merchandise mix, category roles, and the strategic decisions that separate successful retailers from struggling ones — with the Amazon vs Barnes & Noble case as the anchor. The second applies pricing as a quantitative discipline: price response functions, elasticity, logit models, markdown optimisation with Excel Solver. The third builds Python from scratch and applies it to retail data manipulation, product placement strategy with Inventorize, and regression-based sales forecasting. The fourth goes further than any other retail course: ANN and RNN deep learning forecasting in Keras and TensorFlow, with middle-out hierarchical aggregation to reconcile forecasts from SKU level to subfamily.
No Python experience is needed — a complete crash course is included. No retail background is needed — the course starts from first principles. This is Episode 1 of 3 in the RA Retail Series. EP2 continues with retail planning, budgeting, OTB, and assortment optimisation (Highest Rated on Udemy, 15,400+ students). EP3 adds customer analytics, churn prediction, and trade area modelling. Each stands alone. Together they are the most complete retail analytics program available on any online learning platform.
THE RA RETAIL SERIES — EPISODE 1 OF 3
This course is the entry point to a three-part retail analytics program. Each episode can be taken independently. Together they cover the complete retail analytics stack — from fundamentals to deep learning forecasting, from OTB budgeting to customer segmentation, from product placement to trade area modelling.
EP2 — RETAIL PLANNING & ASSORTMENT ANALYTICS
★ Highest Rated
RA: Retail Planning, Assortment Analytics with Excel & Python
Retail metrics, OTB planning, assortment optimisation & ML forecasting in Excel and Python. 15,400+ students · 19.5 hrs · 208 lectures · Highest Rated on Udemy
EP3 — CUSTOMER ANALYTICS & TRADE AREA MODELLING
★ Premium
RA: Retail Customer Analytics and Trade Area Modeling
Customer analytics, churn prediction, customer segmentation, and trade area modelling in Python. 14,100+ students · 15.5 hrs · 4.4 stars
WHAT MAKES THIS COURSE DIFFERENT
[ DEEP ]
ANN + RNN forecasting — unique in retail
The only retail course on Udemy with deep learning forecasting. Build ANN and RNN models in Keras and TensorFlow, compare against classical methods, and scale across all product subfamilies.
[ PRICE ]
Pricing as a science, not a concept
Linear, logistic, and logit price response functions; elasticity; markdown optimisation with Solver. The full analytical pricing toolkit — in Excel and Python.
[ A-Z ]
Retail fundamentals to ML forecasting
13 sections that take an absolute beginner from what a retailer is, through to product placement strategy, hierarchical forecasting, and deep learning models — all in one program.
TOOLS COVERED IN THIS COURSE
Microsoft Excel | Python | Keras & TensorFlow | Excel Solver | Inventorize | Jupyter / Anaconda
WHAT YOU WILL LEARN
✓ Understand the retail landscape: types of retail, verticals, food vs near-food, general merchandise, online vs physical, and multi-channel strategy
✓ Apply merchandise mix principles: SKU types, breadth vs width, deep vs shallow assortment, retailer brand, and category role and strategy
✓ Understand cost-based and value-based pricing, visual merchandising, and the strategic importance of price positioning
✓ Build linear and logistic price response functions, calculate price elasticity, model the logit price function, and simulate polynomial price variants
✓ Calculate willingness to pay, identify the point of maximum profit, and optimise multi-period markdowns with Excel Solver
✓ Write Python from scratch for retail analytics: data structures, pandas, loops, functions, and the Inventorize package — complete crash course included
✓ Master advanced pandas data manipulation on real retail data: pivot tables, group-by, joins, filtering, imputation, and datetime handling
✓ Apply Pareto/ABC analysis and product placement strategy using Python and Inventorize on a real apparel retailer dataset
✓ Build regression-based retail sales forecasting models in Python: trend and seasonality, subfamilies, spreading, one-hot encoding, and accuracy measurement
✓ Build ANN (Artificial Neural Network) and RNN (Recurrent Neural Network) models in Keras and TensorFlow for retail sales forecasting
✓ Compare deep learning forecast accuracy against classical regression methods and develop a generalised forecasting function for all product subfamilies
✓ Apply middle-out hierarchical aggregation: forecast at SKU level, get proportions, and reconcile upward to subfamily level
COURSE CONTENT — 13 SECTIONS · 194 LECTURES · 18.5 HOURS · 55 DOWNLOADABLE RESOURCES
PHASE 1 — RETAIL DOMAIN KNOWLEDGE
SECTION 1:The retail environment and retail formats
What is retail, and why does it matter analytically? Understand the full retail landscape: types of retail (food, near-food, general merchandise, specialty), verticals, the value chain position of retailers, and the multi-channel environment. Study the Amazon vs Barnes & Noble case — one of the most instructive retail strategy stories in modern business — and examine whether online will replace physical retail. Graded quiz.
Concepts
SECTION 2: Merchandise mix and category strategy
Every retail decision starts with the right product range. Understand SKU types, breadth vs width of assortment, deep vs shallow assortment trade-offs, retailer brand strategy, category roles, and category strategy frameworks. These are the conceptual foundations that underpin every practical model in the sections that follow. Graded quiz.
Concepts
PHASE 2 — PRICING ANALYTICS & MARKDOWN OPTIMISATION
SECTION 3: Pricing fundamentals and visual merchandising
Understand the two dominant pricing philosophies — cost-based and value-based — and when each applies. Learn visual merchandising principles and the strategic importance of price positioning in driving customer behaviour and category performance.
Concepts Excel
SECTION 4: Price response functions, elasticity, and revenue maximisation
Pricing as a science. Build linear and logistic price response functions from first principles. Estimate the logit price function. Calculate price elasticity for linear and logit models. Explore polynomial response function variants. Model willingness to pay, simulate price scenarios, and identify the point of maximum profit for any product. Includes a graded assignment.
Excel Python
SECTION 5: Markdown optimisation with Excel Solver
Markdowns are one of the most consequential retail decisions — and one of the most commonly mismanaged. Understand why markdowns happen and how customer segments respond differently to them. Formulate single-period and multi-period markdown problems, set up and solve with Excel Solver, account for salvage value, integrate forecasting into markdown decisions, and run sensitivity analysis on your solutions. Graded assignment.
Excel Solver
PHASE 3 — PYTHON FOR RETAIL ANALYTICS
SECTION 6: Python crash course for retail professionals
No coding experience? No problem. Install Anaconda, explore Jupyter Notebook and Spyder, and build Python foundations from scratch with a retail analytics mindset: dataframes, arithmetic, lists, dictionaries, arrays, data import, subsetting, conditions, functions, mapping, for loops, and the Inventorize package. Two-part graded assignment.
Python Anaconda Inventorize
SECTION 7: Advanced data manipulation in Python for retail
Build the pandas toolkit that every retail data analyst needs. Apply to real retail data: dropping duplicates and nulls, conversions, filtering, imputation, indexing, slicing, group-by, pivot tables with aggregate functions, melting, and all join types. Five-part graded assignment — the most comprehensive data manipulation assessment in the course.
Python
SECTION 8: Working with dates and time in Python
Retail data is always time-indexed. Master datetime objects in Python: parse dates, calculate recency, model customer inter-arrival times, resample time series to weekly and monthly frequencies, and apply rolling window calculations. Graded assignment.
Python
SECTION 9: Product placement strategy with Python and Inventorize
Where a product sits in a store drives how much of it you sell. Apply Pareto law and ABC analysis to a real apparel retailer dataset. Explore sales per section, build revenue and profit columns, identify volume drivers, group items by category, and use Inventorize to strategise category placement. Build and optimise a product placement model that maximises revenue across retail space. Graded assignment.
Python Inventorize Excel
PHASE 4 — SALES FORECASTING: REGRESSION TO DEEP LEARNING
SECTION 10: Retail sales forecasting with regression in Python
The foundation of all retail planning. Understand the forecasting process, approaches, and the role of trend and seasonality. Prepare data, fit regression models, forecast next year’s demand by subfamily, apply spreading across SKUs, use one-hot encoding for category variables, measure accuracy, develop a generalised forecasting function, and scale it across all subfamilies. Graded assignment.
Python Excel
SECTION 11: Deep learning forecasting: ANN and RNN with Keras and TensorFlow
The most technically advanced section of the course — and the one no other retail course offers. Install Keras and TensorFlow. Understand how neural networks work: forward and backward propagation, activation functions, slope calculations. Build a sequential ANN model, train and test it on retail sales data, then build a Recurrent Neural Network (RNN) to capture temporal dependencies in sales patterns. Compare ANN accuracy against classical regression, plot the results, develop a generalised forecasting function, and forecast all product subfamilies simultaneously. Graded deep learning assignment.
Python Keras TensorFlow
SECTION 12: Middle-out hierarchical forecasting
Reconcile forecasts across the product hierarchy. Build SKU-level sales data, calculate weekly subfamily sales, derive proportions for disaggregation, apply middle-out forecasting logic, join all components, and forecast at the SKU level from the subfamily forecasts. Graded two-part assignment.
Python
SECTION 13: Wrap-up and preview of EP2
A closing section summarising the course and previewing Episode 2 of the RA Retail Series — Retail Planning, Assortment Analytics with Excel & Python — which builds on this foundation with retail budgeting, OTB planning, assortment optimisation, competing product pricing, and AutoML forecasting with PyCaret.
Discussion
THIS COURSE IS NOT FOR YOU IF...
✗ You are looking for a retail operations or store management course — this course focuses on retail analytics, pricing science, and data-driven forecasting; store operations is a separate topic
✗ You want an advanced machine learning course only — this course builds from retail fundamentals through to deep learning; students wanting ML only may prefer to start at Section 10
✗ You need a retail ERP or POS system tutorial — this course builds analytical models in Excel and Python, not software configuration skills
✗ You want EP2 or EP3 content specifically — OTB budgeting and assortment optimisation are in EP2 (Retail Planning & Assortment Analytics); customer segmentation and trade area modelling are in EP3
WHAT STUDENTS SAY
“This is the best course for a person who wants a career as a data analyst in the retail domain. All the concepts are neatly explained with a good number of examples.”
Rajesh — Verified Udemy student
“I come from a corporate buying background and have worked in the retail industry for 10+ years so these concepts aren’t new to me. But this is a great refresher and succinct summary to refocus on the foundational retail business concepts before starting my new role in merchandise planning.”
Sarah — Verified Udemy student — 10+ years retail buying
“Haytham mentored me in my role of Head of Supply Chain Efficiency. He is extremely knowledgeable about supply chain concepts, latest trends, and benchmarks. His analytics-driven approach was very helpful to recommend and implement significant changes to our supply chain.”
Saify Naqvi — Head of Supply Chain Efficiency, Aster Group
WHO THIS COURSE IS FOR
Retail managers and buyers
You manage categories, products, or stores and want a data-driven foundation — pricing analytics, product placement models, and Python forecasting — to make decisions that are faster, more accurate, and easier to defend to leadership.
Retail analysts and demand planners
You produce sales forecasts and category reports manually and want to automate them in Python — including deep learning models that outperform classical regression on seasonal and trend-driven product lines.
Pricing and revenue analysts
You set or recommend retail prices and want the quantitative toolkit — price response functions, elasticity, logit models, markdown optimisation — to connect pricing decisions to revenue and margin outcomes.
Data analysts entering retail
You know Python or data analytics and want a structured program that applies those skills to real retail problems: product placement optimisation, pricing elasticity, ANN/RNN forecasting, and hierarchical aggregation.
Students and career changers into retail
You are building a career in retail and want a complete portfolio of working models — pricing simulators, product placement tools, deep learning forecasting scripts — to stand out in retail analytics and buying job applications.
Excel users moving into Python
You rely on spreadsheets for retail analysis and want to automate your work in Python — with a full crash course included and every concept applied to real retail data from the first section.
REQUIREMENTS
● Motivation to learn — this is the only formal requirement listed on the course page, and intentionally so. No retail background, no Python, no statistics experience assumed.
● No Python experience required — Section 6 is a complete Python crash course built for retail professionals, covering everything from installation to for loops.
● Basic familiarity with Excel is helpful for Sections 3–5 (pricing and markdown) — all Excel models are built step by step from scratch.
● A computer capable of running Anaconda and Jupyter Notebook (both free) — setup is fully guided in Section 6.
● Keras and TensorFlow (both free) are installed in Section 11 with a guided setup walkthrough before any code is written.
WHAT IS INCLUDED
● 13 sections, 194 lectures, and 18.5 hours of on-demand content covering the complete retail analytics foundation: management, pricing, Python, forecasting, and deep learning
● 55 downloadable resources: Excel workbooks, Python project files, retail datasets, and pricing model templates
● Graded assignments in every section — all on real retail use cases, including a real apparel retailer dataset used in Sections 9, 10, 11, and 12
● Deep learning forecasting module (Section 11): ANN and RNN in Keras and TensorFlow — unique among all retail analytics courses on Udemy
● Middle-out hierarchical aggregation (Section 12): SKU-to-subfamily forecast reconciliation in Python
● Episode 1 of the RA Retail Series — continue with EP2 (Highest Rated: budgeting, OTB, assortment) and EP3 (customer analytics, trade area modelling)
● Lifetime access to all content and any future updates
● 30-day money-back guarantee — no questions asked
● Certificate of completion upon finishing the course
YOUR INSTRUCTOR
Haytham Omar, Ph.D.
Supply Chain & Business Intelligence Consultant · Developer · Trainer — UAE & France · Co-Founder, Keip (SaaS for retail management)
Haytham holds a Ph.D. in Supply Chain and Forecasting from the University of Bordeaux and a Master of Science in Global Supply Chain Management from Bordeaux École de Management. He is co-founder of Keip — a SaaS platform for retail management and analytics — and an active consultant who works with retailers including Sephora France and Sharaf Group Dubai.
He has trained over 70,000 supply chain and retail professionals across 70+ workshops in the UAE. Additional clients include Aster Group, DNO, PWC Training Academy Dubai, Qarar, and the Higher College of Technology. He is also the creator of the Inventorize package for Python and R — used by over 90,000 supply chain and retail professionals worldwide.
This course is Episode 1 of the three-part RA Retail Series. It builds the retail domain knowledge and Python foundation that the series builds on — from retail fundamentals and pricing analytics through to deep learning sales forecasting and middle-out hierarchical aggregation. EP2 and EP3 are available separately and together form the most complete retail analytics curriculum on any online learning platform.
Start your retail analytics journey. The most complete retail program on Udemy begins here.
13 sections · 18.5 hours · Excel + Python · ANN & RNN forecasting · Pricing analytics · EP1 of 3 · Lifetime access