Retail technology development has accelerated as a result of the pandemic. This wealth of new solutions brought to the market has prompted retailers to actively test and implement various in-store digital solutions to improve sales, operational efficiency and drive customer engagement. As a result, multiple solutions are tested in stores simultaneously, making it more difficult to measure their individual impact on sales.
Topics: RETAIL TRANSFORMATION
Topics: RETAIL TRANSFORMATION, DIGITALISATION
Lost Sales Analysis: Minimize Revenue Loss by Fine-tuning Stock Distribution
Collection and use of customer and sales data from physical stores have for some time been a hot topic in retail yet there is still a gap between theory and market practice. In this article (the first of a series) we’ll talk about Mercaux analytics functions and the power they give retailers to unlock valuable insights and allow retailers to make educated decisions.
Topics: RETAIL TRANSFORMATION