Consumer demand is continuously changing as a result of consumer trends, changes in seasons, consumers becoming more knowledgeable, and unforeseen occur[...]
Clustering is a function of category management which you can use to facilitate end-to-end solutions. You can also use cluster analysis to group your retail data and understand the similarities betwee[...]
What is the importance of retail sales data and why should you as a supplier have access to it? For one, it enables you to come up with better ways to provide valuable suggestions to retailers. Second[...]
There are no doubts about the fact that any mention of 'data integration' can lead to blank stares and confusion. After all, if not approached correctly or misunderstood, it can quickly become messy a[...]
Considering the pace at which the retail industry evolves, you need to be forward-thinking. That’s especially true if you want to remain competitive and relevant. The simplest way of ensuring that hap[...]
If you work in the retail industry, you will have no doubt heard of syndicated data. Also known as market data, it’s crucial to your success. That’s because of what you can achieve with it. From a ret[...]
When it comes to conversations about the influence of syndicated data on the retail industry, it’s common enough to hear about its importance. But that conversation quickly grows stale. A better debat[...]
It goes without saying that data is crucial for your retail business. In fact, that’s an understatement. Conduct research online or speak to anyone within the retail industry, and you’ll find it refer[...]
It should be comforting to know that if you’re struggling to find out what’s going with your business, you only need to look at your data. By that, we mean, look at your retail metrics. And, if you’ve[...]
Measuring your KPIs allows you an opportunity to gain an edge over your competition. Of course, you do need to ensure you’ve adopted the correct KPIs. After all, KPIs that work for one retail business[...]
GMROI is a powerful tool when used appropriately. In fact, there is even the argument that it’s the most important retail metric out there. That’s a debate for another time. Suffice to say; there is a[...]
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