Analytics

Last Year’s Holiday Data Can Help Retailers in 2016
February 23, 2016 at 12:26 pm

During the 2015 holiday season, retailers collected massive amounts of data from their customers. It can be easy to forget about this information during the hectic holidays, but as the New Year gets rolling retailers have a tremendous opportunity to score a competitive advantage in 2016. Many lessons can be gleaned from analyzing data collected…

How Predictive Analytics Will Increase Your Profits in 2016
February 12, 2016 at 10:52 am

Now that the holidays are over, it’s time to start looking at your shelves — made bare by wave upon wave of aggressive holiday shoppers — and begin executing your plan for the new year. 2016 could be the year that you adopt a comprehensive solution to keep your inventory appropriately stocked with the right…

5 Secrets to Maximize Retail Sales in 2016
January 13, 2016 at 11:26 am

Retailers are gearing up for the new year. With all of the world’s bounty just a few clicks or taps away, the competition will be fierce. Use your wits and data to put your best foot forward. Here are five tips to help you get started: 1. You don’t need much data to start targeting: The…

How BI and Analytics Can Make the Holidays the Most Wonderful Time of the Year for Retailers
December 16, 2015 at 9:51 am

The holiday season has arrived and people are lining up outside of stores for the best deals. And they’re increasingly shopping online, with the National Retail Federation (NRF) forecasting that online sales will increase between 6 percent and 8 percent this year. Meanwhile, retailers are gearing up for the busiest time of the year. Sales…

5 Tips to Optimize Your Analytics Investment
November 20, 2015 at 10:21 am

Enterprise retailers are spending millions on analytics because, in theory, the right solution can provide incredibly valuable insights to guide marketing, product development, sales initiatives and more, thus generating significant return on investment. But do the analytics platforms that companies currently use live up to the potential and generate returns that justify the investment? No,…

The Right Time for Rightsizing Inventory
November 18, 2015 at 10:21 am

As foot traffic at shopping malls and retail outlets begins to trend upward during the holiday season, making sure inventory levels are accurate for the most popular clothing and accessory items is one of the best ways retailers can maximize profits. Sparse shelves mean unhappy customers. Nobody likes it when they find that perfect piece…

Maximizing the Amazon Opportunity This Holiday Season
November 13, 2015 at 10:00 am

Fundamental data such as sales and category share is the lifeblood of today’s best-performing brands in the brick-and-mortar world. Their long-term strategies and everyday execution — for example, knowing which categories and retailers they should be under- or overinvesting in — are measured and closely managed by these critical indicators. However, despite the exponential growth…