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Analytics are not a new idea. The tools have been used in business since the mid-1950s. To be sure, there has been an explosion of interest in the topic, but for the first half-century of activity, the way analytics were … Continue reading
Tag Archives: multichannel retailing
NRF 2013, Big Data And The Big Show
As this years NRF 2013 draws to a close, I thought you would enjoy the Podcast from our panel on big data, predictive analytics, and the bottom line. I had the good fortune of moderating the topic with Citigroup’s Deborah … Continue reading
IDC’s Top 10 Retail Predictions for 2013
A cornerstone of IDC’s offering for three decades, the annual insight report provides retailers with the top 10 predictions for the retail industry in 2013. According to Robert Parker, Group Vice President of IDC Retail Insights, “The year 2013 will … Continue reading
Showrooming your way to profitability
In a recent study conducted by RetailWire, both the impact and best known solutions to combat the trend of “showrooming” are exposed. Showrooming may be the term that the industry is familiar with, but the real concern is regarding the … Continue reading
Trends of Retail – Simple Processes and “Doing More With less”
Today’s retail industry is evolving at a rapid pace, and executives are doing everything they can to keep up. One trend we are frequently seeing is the effort to simplify processes and operations while at the same time investigating ways … Continue reading
Upstream Solutions to Downstream Problems
In any situation, when a problem arises, it’s human nature to look for a solution in the area in which the problem is located. In retail however, that means a store inventory distortion problem should have a solution downstream, within … Continue reading
Change You Can Count On
In a time when resources are tight and new sales even tighter, something has to give. The forecast for retail growth is flat or slow at best. Even the mode of operation for retail is changing before our eyes. Consider … Continue reading
Mobile Commerce Trend Magnifies Retail’s Out-Of-Stock Problem
One of the top trends in today’s retail industry is the increased usage of multiple channel consumption, specifically with mobile devices. Unfortunately for retailers, this trend can magnify the common inventory distortion problems of out-of-stock (OOS) and on-shelf availability.
Understanding Pattern Technology
Until recently, there has been one largely preferred methodology for detecting exceptions in retail: Exception Based Reporting, or “EBR”. But to be perfectly honest, EBR focuses on the exceptions within Exception Based Reporting, or what I will refer to as … Continue reading
Conversion Rates – How to Transform Consumers into Customers
Closed circuit television (CCTV) or networked IP cameras are common to almost all loss prevention departments within retail organizations. Over the past few decades, these cameras have been used as security measures to reduce retail crime. Having video cameras in … Continue reading