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Inside Lowe’s Playbook for Pushing Category Conventions

Retail TouchPoints

Jennifer Wilson has been SVP and Chief Marketing Officer of Lowe’s for less than six months, but her nearly two-decades-long career at the home improvement retailer puts her in a unique position to push the business to the next level. For marketers, incrementality is paramount,” Wilson said.

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How to Measure Retail Display Success

Frank Mayer

If your average sales volume increases after deployment, that’s clear evidence your in-store marketing campaign is working. Measuring the Average Transaction Value (ATV) will tell you. Pairing UPT with ATV will give you more well-rounded insight into the profitability of your retail display.

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KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

Optimize prices & marketing promotions. Average transaction value (ATV) This metric helps you better understand how much shoppers spend in your store on average. A higher average transaction value (ATV) means that shoppers are buying your more expensive products or that they’re buying larger quantities.

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5 Retail Aspects to Optimize With Visitor Traffic Data

V Count

The operations team and staff members can make data-driven decisions based on various KPIs and metrics at a specific store level to boost conversion rates, increase dwell time, and improve average transaction values (ATV). Merchandise Planning Planning retail merchandising can make or break a brand.

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How to Utilize People Counting & Conversion Rate Data to Improve Sales

V Count

Average transaction value (ATV) is how much customers spend on average when they buy. This could involve a regionally focused campaign or promotions to lure more customers into the store. Customer traffic is the number of people coming into your facilities. Combined, these factors can provide a clearer view of sales performance.

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From Foot Traffic to Sales: The Role of Shopper Yield in Retail Success

V Count

Shopper Yield = Conversion x ATV Bearing a comprehensive approach, retailers can optimize their marketing strategies to improve their customers’ in-store experiences and maximize the store’s overall revenue. Personalized promotions, rewards, and discounts can greatly increase your loyal customer base.

ATV 52
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From Foot Traffic to Sales: The Role of Shopper Yield in Retail Success

V Count

Shopper Yield = Conversion x ATV Bearing a comprehensive approach, retailers can optimize their marketing strategies to improve their customers’ in-store experiences and maximize the store’s overall revenue. Personalized promotions, rewards, and discounts can greatly increase your loyal customer base.

ATV 52