Analytics in retail going to market with a smarter approach

| March 20, 2019

article image
Guided by a pricing strategy, advanced analytics can also identify unmet customer needs for retailers to profitably fulfill. First, analytics provide retailers the ability to set price points and anticipate the effect to their business by creating granular-level demand models using historical data.

Spotlight

Shop Jeen

ShopJeen.com is a New York City based online shopping destination for males and females of all ages. Shop Jeen’s clientele receives a specially curated selection of unique products upon visiting the shop. The wildly successful, socially driven e-commerce website sells a wide range of goods ranging from $1 for a pack of novelty gum to $1000 for a Swarovski embellished necklace.

OTHER ARTICLES

7 Habits of Highly Effective Agile

Article | March 20, 2020

Software development is relatively new when compared to plumbing or electricity. We don’t have standard wire and pipe sizes or handbooks telling us how to “unclog” or “rewire” our testing problems, nor do we have licenses ensuring that we meet industry “code.”

Read More

How Amazon’s Cashierless Tech Will (Or Won’t) Change The Physical Retail Landscape

Article | March 11, 2020

The advance of Amazon’s cashierless technology is not a new story to the retail beat as of 2020. Since the first AmazonGo retail location opened in early 2018 with its much-hyped walk-in, walk out retail technology designed to make the line at checkout a thing of the past, Amazon has been slowly but surely expanding the technology’s footprint there are now 26 Go stores in operation in the U.S. with new openings scheduled for New York, Chicago, Seattle and San Francisco on the agenda for his year. And, as of reports two weeks ago, cashierless tech is breaking out of the small footprint, convenience store-esque locations that are Amazon Go stores. As of the end of February, Amazon announced the tech was making its full-fledged grocery debut in the form of Amazon Go Grocery stores.

Read More

How retailers can be ready for busy sales seasons with proactive maintenance

Article | February 25, 2020

In the retail industry, holiday shopping accounts for about 20 percent of annual sales. In the final few weeks of the year, it’s easy for retailers to feel overwhelmed with not only an influx of shoppers but the added pressure of needing to tie up loose ends before January 1st. These weeks can make or break the year and creating a positive customer experience that’s memorable is essential for continued success. For this reason, retailers need to strive for 100 percent Brand Uptime in order to meet customer expectations, maximize sales and revenue, and deliver a positive customer experience. The preparation must have an omnichannel focus. It starts with digital realms such as ensuring your website can handle the influx of visitors in the weeks leading up to the new year as well as the months following. But for most retailers, the key factor will be how well they prepare brick-and-mortar stores for increased inventory and foot traffic.

Read More

How E-Commerce Inventory Management Can Help You Save Money

Article | April 8, 2020

E-commerce platforms are no longer secondary to that of brick-and-mortar stores. In fact, having an e-commerce platform is crucial to ensure business success today. The numbers don’t lie. Global retail e-commerce sales totaled over $3.5 billion in 2019. The value of the market is rising year on year. Running an online store can be a lucrative exercise if you get the vital processes correct. One such process is your inventory management. At heart, e-commerce is simple. You showcase a range of products online, customers find and buy what they want, and then you deliver. What’s critical, then, is that you have the items you advertise and can get them where they need to go. That’s why getting your inventory management right is essential.

Read More

Spotlight

Shop Jeen

ShopJeen.com is a New York City based online shopping destination for males and females of all ages. Shop Jeen’s clientele receives a specially curated selection of unique products upon visiting the shop. The wildly successful, socially driven e-commerce website sells a wide range of goods ranging from $1 for a pack of novelty gum to $1000 for a Swarovski embellished necklace.

Events