Use Store Intelligence to Propel Your Product Growth Strategy
Sustaining a competitive advantage is key to retail success. So retailers often decide to grow through the introduction of new products and services. The decision to add new offerings requires a keen understanding of your stores – well enough to know what works and what doesn’t. You could devote an entire team to conducting your market research for you. But as they rack up miles, man hours and mounds of paperwork, your competition could be beating you to the punch, getting their product out first.
Don’t let slow response time and limited access undermine your growth strategy. All of the critical parts of your strategic planning process – from conducting a SWOT analysis, identifying opportunities, evaluating your strategy, allocating resources, developing your implementation plan, monitoring progress and making adjustments – can be accomplished more accurately and efficiently using store intelligence software.
A cloud-based technology platform will drive immediate benefits, from helping you to pinpoint cost savings to the ability to pivot quickly in response to market conditions. It also helps as you set and reach your objectives. You can easily measure performance and monitor your profitability targets, including market share and ROI.
Be confident that you have a sound understanding of the market. You’ll be working with the latest data, based on real-time accuracy, to help you make smarter decisions.
AccuStore® is the store-specific intelligence you need to maximize execution and grow your bottom line. Our cost-effective, technology-based solution holds a detailed repository of store-level profile information and market data to become your company’s single source of insight into store compliance, equipment, task management and more. For more information on how AccuStore can help, read about our store profile management software here.