Consumer-facing businesses are crippled by every-growing touchpoints and siloed systems that don’t speak to each other. A complete overhaul of these legacy technologies isn’t an option – it costs prohibitive with a long-drawn-out time to value. Yet, they need a way to quickly connect these individual systems for an end-to-end view of the customer journey […]
Here’s why fashion businesses have moved from the traditional outsourcing model to building up their inhouse competencies: Business Context: Unless you are the Kardashians, you understand your family better than an outsider. You know exactly what the business needs at a given time as opposed to a hired hand. When an activity is outsourced to […]
The year 2019 would be all about algorithmic retailing as it encompasses the combined power of advanced analytics and artificial intelligence to transform retailing as we know it. Retailers have been already using various advanced analytics technologies till now, but with usable AI coming into the picture along with machine learning algorithms, smart data discovery, […]
What does a fashion retail marketer’s day look like? This infographic depicts how today’s marketing manager uses advanced analytics to drive business insights.
Explore this retail store layout infographic to find out what some of the best experts have to share to improving your in-store layout.
Manthan interviewed ‘retail anthropologists’ Rich & Georganne on their views of the latest trends in retail store layouts.
Successful retailers can accurately predict outcomes prior to the season and utilize effective in-season tactics to address the unexpected. How do they accomplish this? Is it insight or analytics?
Understand your customer deep down and provide a personalized shopping experience with the right assortment, right pricing and right promotions
Analytics can make an incredible difference in the way Fashion Retail works, right from choosing the best pricing and markdown strategies to predicting the next season trends.
While every kind of Retailer has adopted/is adopting analytics in a huge way, Convenience stores still face a number of hurdles in adopting an analytics regime
Fashion Retailers can trim the store while increasing the assortment, reduce the inventory while never going out-of-stock and above all boost the customer experience with ‘endless aisles’.
What did some retailers who faced the brunt of Hurricane Sandy do to minimize the cyclone’s impact on their business?
Getting the balance right between what you stock and what your customers want to buy is a critical aspect of retailing that, if not mastered, can lead to disastrous implications for your business.
Holding onto slow-moving merchandise will lead to stale stock. It means disappointing customers looking for the latest products and styles in your stores. Markdowns is the answer to your problems.
Retailers need answers to the question ‘What is likely to happen next?’ if they are to manage smart, customer-centric merchandising decisions.
An irate customer gets to know days before Christmas that orders she had booked online with a well-known retailer will not reach her in time.
Retail BI applies the principles of product affinity and Market Basket Analysis to business data to reveal the hidden connections between products and discover patterns in customer behaviour.