Bealls implements AI into retail company's planning process

Bradenton-based retail giant Bealls, which has more than 660 stores in the United States, recently deployed an artificial intelligence platform companywide to scale decision-making around areas like merchandise planning and inventory optimization.

Called Profitmind, the AI system was developed in 2024 to continuously analyze data, prioritize the highest-impact opportunities and recommend or execute actions linked to business goals, according to a statement.

When Bealls first piloted the program, it accepted 80% of the AI platform’s recommendations and found a 20% improvement in plan accuracy, according to the statement. Bealls used Profitmind to identify weekly profit drivers and monitor the real-time financial impact of merchandising and inventory decisions, the statement says.