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Unlocking Retail Growth: The Power of Network Analytics for Strategic Insights

Retail TouchPoints

By examining this network traffic, retailers can gain valuable insights, such as the most frequented areas of a store, the effectiveness of digital signage, the efficiency of store layouts and even the performance of online versus in-store promotions.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

While the report primarily focuses on how AI can optimize store layouts and marketing strategies, there is an underlying message on data security. Mattleā€™s background is in servicing Fortune 1,000 multi-national accounts on property, casualty and executive risk lines, including cyber, in the retail and wholesale space.

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Post Covid, department stores are refocusing their menswear offer

Inside Retail

Online sales, favoured during lockdowns, might have been expected to decrease as life returned to normal, however, the research showed the trend endured, accounting for 3 per cent of total sales in 2019 to 6 per cent in 2021. While the lines are blurring between sports and fashion, this also questions the store layout.ā€.

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Target Introduces Larger Store Concept With More Fulfillment Space and Merchandise

Retail TouchPoints

Beginning in 2024, nearly all remodels and new stores will feature the majority of the reimagined store design elements, which include: Full range of merchandise: The larger Target stores will offer shoppers expanded food and beverage options, exclusive brand partnerships and a curated mix of private labels and national brands; More space: The new (..)

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2 Use Cases for Image Recognition in Retail Execution

Wiser

For instance, if a sparkling water brand accounts for 40 percent of category sales in the area but only occupies 25 percent of the shelf space in a store, the brand, as well as the store itself, is not maximizing its sales potential. The ultimate goal is to establish a national (or global) strategy beyond standard compliance.

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How technology can drive meaningful engagement between store staff and shoppers

Inside Retail

You can walk into any high street store and it looks amazing: great window displays, incredible lighting, different store layouts and designs with different mannequins and different ways in which retailers showcase products ā€“ it is all there in a store.

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Retail Assortment Strategies: What Are They & How Do They Work?

Wiser

Successful retail assortment strategies will take many different factors into account, such as customer base, location, store capacity, etc. If you hope to influence the customer path to purchase within your stores, then considering these factors is essential.