Making decisions based upon data is how businesses grow and succeed. According to McKinsey, data-driven organizations are 23 times more likely to acquire customers. IBM’s Institute for Business Value says 62% of retailers report that analytics provide a valuable competitive advantage. Yes, there’s no question about it, data is vital. However, the accuracy of your […]
You hear it all the time and yes, it may sound cliché, but knowledge is power. Without knowledge how can you make the right business decisions? Today’s version of knowledge is based heavily on insight gained from data. Oftentimes we ask retail execs if they know what’s happening inside their chain stores. Their response? “Why […]
Whether your goal is to optimize deliveries, simplify a complicated process, or identify which coolers to replace, you need to start with obtainable and current data. Access to accurate information about your grocery or supermarket locations can only bring about positive results. A store profiling solution takes survey data—such as measurements, fixture details, equipment counts, […]
During these challenging times, retailers with an abundance of physical stores are making difficult decisions. As you carefully reevaluate your future strategy, you may have to shutter some of your stores, reconfigure existing stores or convert some locations into fulfillment centers. Your stores are constantly changing. For example, retailers such as Shake Shack, Chipotle and […]
These last few months, you’ve most likely made changes to your stores to help protect your customers and employees. Whether you’ve installed sneeze guards, handwashing stations, contactless fixtures, or extra hand sanitizing dispensers, it’s important to track these new additions. Why Document Store Updates & New Retail Equipment? Inaccurate data about your stores can […]
These days, retailers have a lot on their minds and on their plates. You’re upping your cleaning game, building your brand, doing what you can to protect the health and safety of your associates and your customers, and keeping much-needed products in stock. Like most, you may depend heavily on emailing yourself or your team […]
Social distancing. Masks. Sneeze guards. As retailers continue to adapt their stores to follow new state and city mandates, the health and safety of their shoppers and customers remains a top priority. In Part 1 of this two-part blog series, we touched on how integrating store intelligence technology into your retail team’s daily interactions can […]
When non-essential businesses closed, grocery, convenience, and QSR employees immediately became the nation’s frontline heroes. And with only 34% of shoppers feeling safe in stores these days, retailers are doing all they can to keep germs away and customers coming back. Integrating a store intelligence platform into your retail team’s daily interactions can help. Streamline […]
Whether changing store hours, quickly hiring new employees, or creating alternative means for customers to get what they need, retailers have had to make some difficult decisions over the last few months. Making decisions based upon data is how businesses grow and prosper. However, what is often overlooked is the importance of using one consistent […]
In case you missed it, check out part one of this two-part blog series on managing store-specific inventory. Ensuring store-level inventory or product availability can seem daunting during crisis times such as COVID-19, extreme weather events, or even due to holiday meal planning. One way to solve this is with store intelligence technology. How Store […]