Analytics Understanding Customer Behavior with Retail Analytics Retail success comes from truly understanding how your customers shop, by looking into your sales data to uncover what tactics will actually move the needle, and what might just be for show.
Analytics Buyer's Toolbox: How Retail Analytics Guides Buyers' Decisions Retail buyers are often the unsung heroes of the shopping experience, the masterminds behind every carefully curated shelf. By diving into the data, buyers can transform from mere guessers into market-savvy wizards.
ROI What’s Your RTOI? (We’re Coining a Phrase) You know all about ROI – return on investment. But what about your RTOI? We’re coining the phrase right here: Returned Time On Investment.
Analytics Everyone’s Reducing Prices. You’re Just Doing it Better with Data Slashing prices isn’t a guaranteed path to higher sales. Especially if you don’t consult your own retail data to do it right. Here's how to do discounting better, with analytics.
Data Analytics 5 Retail Merchandising Mistakes to Avoid at All Costs Great retail merchandising not only boosts sales but also builds a loyal customer base. The following mistakes, however, can jeopardize these goals, turning potential success stories into cautionary tales.
Analytics The Evolution of Merchandising: Adapting Strategies from Brick-and-Mortar to Ecommerce While retail merchandisers used to solely focus on turning physical spaces into enchanting realms that told the story of the brand and products, they must now adapt their craft for a virtual audience. Here's how.
BSKP Like Chocolate & Peanut Butter: How Data Analytics and Clienteling Elevate Retail Success Together When combined, the power of 42’s data analytics and BSPK’s clienteling capabilities is almost a cheat code for retail brands.
Analytics The Key to Retail Growth Decision Making Today’s consumers don’t just appreciate personalized marketing and sales experiences—they expect them. Retail data analytics cater to this need by providing detailed breakdowns of shopping habits, even down to individual customer behaviors both in-store and online.
Analytics Gearing Up for Retail AI? Here’s What You Need to Do First Good execution of retail AI depends on one key thing: good data. AI technologies require clean, accurate data to function at their best. Unfortunately, bad data is rampant and need to be addressed.
Retail The Top Tools Merchandisers in Retail Need in 2024 The evolution of retail technology has provided merchandisers with access to a wealth of data and sophisticated tools to help them grow. Let’s take a look at the top five tools that we’re seeing help merchandisers in retail increase efficiency and positively affect their bottom line.
Analytics The Impact of Data-Driven Reporting on Retail Sales Growth Retail businesses that excel in data analytics don't just amass data; they transform it into actionable insights. That’s why an investment in analytics pays back over $13 for every dollar spent.
Analytics 4 Sales Data Insights We’ve Learned from Today’s Top Brands The insights we’ve gained from working with top retail brands reveal a universal truth: the successful application of data analytics is key to outpacing the competition.
Data Reporting The Future of Retail: How Data Reporting is Shaping the Industry Data-driven insights, once solely relegated to the backrooms of enterprises, has now emerged as a pivotal asset in driving business decisions and strategies for retail brands of all sizes.
KPI The Top KPIs All Retail Brands Need to Track in 2024 Research shows that companies that tracked their key metrics were twice as likely to hit their goals than companies that did not. Here are the KPIs we think retailers should track in 2024.
Analytics Is It Better to Build or Buy a Data Analytics Platform? Only 46% of retailers are actively investing in data analytics technology; and a paltry 11% have some cloud-based analytics capability at all.
