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 […]
Don’t Let DIY Data Collecting and Negative Reviews Ruin Your Retail Game In our last article, we talk about retail challenges such as remodeling or redesigning stores as well as ordering signage without the correct store-level data. Now let’s take a look at what can happen with DIY data collection and negative customer experiences. […]
A Closer Look at Retail Mishaps and Missed Opportunities Remodeling roadblocks, ordering too much POP for your stores, missing out on sales opportunities… These challenging situations can hurt your business, stunt your growth, and bust your budget. Having accurate data and insights can easily turn common retail negatives into positives. Here’s how. Remodeling or Redesigning […]
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, […]
Covid-19 has caused a lot of uncertainty for retailers. However, marketing and advertising experts advised businesses “not to go dark” and “to maintain a presence.” As marketing continues to play a critical role in staying competitive, doing whatever you can to reduce your spending can help you weather the storm. “A man who stops advertising to save […]
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 […]
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 […]