Tag: analytics

News & Trends

Why data analytics teams must speak retail

March 7, 2023

Via: RetailWire

A recent university study finds many retailers are still using “very basic tools” rather than advanced analytics partly because the analytics function is “often run by people who do not really understand” the retail business. The study was based on […]

News & Trends

How Can Better Analytics Improve Procurement Performance?

February 10, 2023

Via: Retail TouchPoints

Historically, procurement teams have had to deal with multiple structured and unstructured databases. To make decisions based on facts and acquire a competitive edge, procurement teams require the collection and utilization of data. Best-of-breed procurement teams need to be able […]

Customer Engagement, Customer Experience

H&M, Google Cloud Partner to Draw on Store, Online, Brand and Supplier Data to Boost CX

June 30, 2022

Via: Retail TouchPoints

H&M will work with Google Cloud’s computing services to improve its customer experience and supply chain capabilities, by leveraging data analytics and the technology provider’s secure, sustainable global infrastructure. The partnership’s goal is to develop an enterprise data backbone that […]

Others, Tech

Best Practices for Monitoring Data

April 28, 2022

Via: Independent Retailer

In April 2021, iOS released a major privacy update which gave users tremendously more transparency and control over how brands track them for advertising purposes. Overnight, this massive change forced brands to overhaul their strategy of how they are using […]

News & Trends

Sustainable retail demands robust analytics

March 14, 2022

Via: Retail Dive

The New York State Senate is in the process of passing a bill that holds fashion retailers who don’t prioritize ethical practices accountable. The bill, which is currently in committee, would require large fashion retailers and manufacturers operating in New […]

Others, Tech

Amazon to release search analytics tool for sellers

October 21, 2021

Via: Retail Dive

Amazon already offered sellers a search terms report that provided insights such as click data, conversion share and search frequency rank, but the new search analytics dashboard aims to provide merchants more information about how their products are performing on […]

E-commerce, News & Trends, Retail Types

Smart Retail Gets ‘Phygital’: How Digital Technologies Enable the Store of the Future

June 7, 2021

Via: RIS News

Retailers need to close the gap between online and bricks-and-mortar operations through the adoption of digital technologies — with the goal of enhancing the consumer and employee experience while engendering trust. This concept is known as “phygital,” bridging the digital […]

Others, Tech

Four Trends Driving Retail Technology Today

January 31, 2020

Via: Forbes

How we shop and what we buy is changing. Store closures of established department stores or the sudden successes of new direct to consumer brands often feature in the press, but less attention has been paid to what lies under […]

News & Trends

Consumer confidence may be hitting a peak

April 18, 2019

Via: Retail Dive

The vigorous levels of consumer confidence that is bolstering sales in much of the world may have reached their crest, according to the The Conference Board. “In more than half the countries surveyed, consumers expressing concerns about the current state […]

Customer Engagement, Customer Experience, Others, Tech

How BJ’s Will Use Predictive Analytics to Make Buying Decisions

August 22, 2017

Via: Retail Info Systems News

BJ’s Wholesale Club will use predictive analytics and machine learning to assist with buying decisions. The operator of membership warehouse clubs will begin using First Insight’s predictive analytics. The tools will help BJ’s make design and buying decisions on the […]

Others, Tech

Using Big Data to Supercharge Your Sales Strategy

April 18, 2017

Via: Retail Minded

Big data analytics keeps getting bigger. The big data and analytics market, which reached $130.1 billion in 2016, is projected to expand at a compound annual growth rate of 11.7 percent a year to reach $203 billion by 2020, according […]

Others, Tech

How analytic insights can help retail profit margins

February 24, 2017

Via: Essential Retail News

In recent years, the UK retail industry has been dominated by consumer demand for discounts. This demand has led to high-profile ‘supermarket wars’ on prices, the rise of budget high-street chains and the growing popularity of Black Friday and Cyber […]