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Retail Analytics: What Kinds of Data Drive Chain Success?
Advices
Sept. 19, 2022
Retail Analytics: What Kinds of Data Drive Chain Success?

Analytics has a crucial role in retail management. Today's digital world offers a variety of data and analytical approaches, that confuse retail owners. How to choose the right type of analytics to achieve success? Read more about the types and benefits of data in the article.

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Retail Analytics: What Kinds of Data Drive Chain Success?
Advices
Sept. 19, 2022
Retail Analytics: What Kinds of Data Drive Chain Success?

Analytics has a crucial role in retail management. Today's digital world offers a variety of data and analytical approaches, that confuse retail owners. How to choose the right type of analytics to achieve success? Read more about the types and benefits of data in the article.

Prescriptive AI Analytics: How to Price Products?
Cases
Sept. 15, 2022
Prescriptive AI Analytics: How to Price Products?

Optimal pricing is the art of balancing between the desired profit and the high level of customer interest. You can master it with the help of AI technologies. How to do this and always know what price is the most profitable for the chain? More details in the article.

How does a data-driven approach help retailers become leaders?
Advices
Sept. 5, 2022
How does a data-driven approach help retailers become leaders?

Decision-making in retail is a critical process. Since even minor changes in the layout of products or in the assortment matrix can significantly affect the chain profit value. How to establish a data-driven decision-making process and why is it important? More details in the article.

RFM Analysis: How to Increase the Number of Loyal Customers?
Cases
Aug. 30, 2022
RFM Analysis: How to Increase the Number of Loyal Customers?

It is very important to establish interaction with customers, increase their number and stimulate purchases. The best tool for this is RFM-analysis. This method will allow you to understand with whom and how exactly you need to communicate to increase sales. Read more about RFM-analysis in the article.

Lost Sales: How Much Does the Chain Lose Due to Out-of-Stock?
Cases
Aug. 16, 2022
Lost Sales: How Much Does the Chain Lose Due to Out-of-Stock?

Out-of-stock is the main reason for lost sales and therefore lost profits for most retailers. How to prevent such losses and avoid zero stocks? Let's figure it out.

Optimization of the Assortment: How Can Retail Overcome the Crisis?
Advices
Aug. 11, 2022
Optimization of the Assortment: How Can Retail Overcome the Crisis?

The right assortment of products is a "superpower" for every retailer and a required thing for facing today's challenges. How to optimize the assortment? Let's figure it out.

Quality of Customer Service: How Can You Identify Gaps in the Cashier's Performance Quickly?
Cases
Aug. 8, 2022
Quality of Customer Service: How Can You Identify Gaps in the Cashier's Performance Quickly?

Service quality is the image of your trading chain. Cashiers play a crucial role in this process. How to understand that the cashiers perform their duties perfectly? Let's figure it out.

Retailer's Checklist: "Where is the Profit Hiding?" Part 2.
Advices
July 29, 2022
Retailer's Checklist: "Where is the Profit Hiding?" Part 2.

An effective way to increase profits is to reduce costs. In this article, we've put together some basic checklists to help you find all the cost-decrease reserves in your business.

Retailer's Checklist: "Where is the Profit Hiding?". Part 1
Advices
July 21, 2022
Retailer's Checklist: "Where is the Profit Hiding?". Part 1

Profit increase is the main goal for all retailers. In the article, we have collected the basic questions that help you find out whether all the reserves (revenue growth) have been used in your business