Bealls taps Profitmind agentic AI platform for merchandise planning and inventory push

US family owned retailer Bealls reports a company wide deployment of Profitmind’s agentic AI solution covering its merchandise planning and inventory processes.

It is using the platform to speed planning cycles, raise forecast accuracy, maximise inventory productivity, and free teams from manual analysis so they can focus on higher value work.

“Bringing Profitmind’s AI into our planning process is like adding rocket fuel to the way we make decisions,” says Matt Beall, Chairman and CEO at Bealls. “It’s constantly crunching numbers from inside our business and from the market so we can zero in on the best opportunities, how much to spend and where to spend it. For our planning teams, it means less time buried in spreadsheets and more time thinking big, being creative, and staying ahead of what our guests want.”

During the initial roll-out, Bealls accepted 80% of Profitmind’s recommendations and recorded a 20% improvement in plan accuracy. It also used the platform to identify weekly profit drivers and to monitor the real-time financial impact of merchandising and inventory decisions.

“Adopting an agentic AI operating model lets retailers scale expert decision making,” says Dr. Mark Chrystal, CEO and Co-Founder at Profitmind. “Our platform turns complex data into prioritised actions and measurable outcomes. That combination is what moves a planning team from analysis to impact. Bealls is leading the way by using Profitmind to move into this new agentic AI era.”

RTS 2025

Profitmind was crowned the winner at the 2025 Retail Technology Show (RTS) Innovation Awards, which champion progressive technologies powering retail transformation.

Each year, the awards selects solutions from across the RTS exhibition floor that can unlock competitive advantage and digitally transform retailers’ capabilities.

Profitmind was selected as the 2025 winner due to its ability to leverage AI to track competitors, analyse internal data and surface fast-impact revenue and margin growth opportunities to increase productivity, transparency and profitability.

Described by RTS Innovation Award judge and OB&Co’s Oliver Banks as “a commercially minded AI [that lives] in your pocket, crunching through complex data to prioritise business opportunities,” the solution scored highly with the judges, comprising of RTS advisory board members and industry experts and analysts, for its margin-boosting capabilities.

Matt Bradley, Event Director at Retail Technology Show, commented: “With retailers facing a raft of rising costs, already razor thin retail margins are coming under significant pressure. Profitmind puts AI to work, using game-changing insights to deliver growth hacks and pathways to profit, which retailers urgently need to survive and thrive against a backdrop of cost pressure. Up against a high calibre of competition from the rest of the shortlist, we congratulate Profitmind on being crowned the winner.”