3 Reasons to Infuse Advanced Analytics into Your Allocation Process

What if you could travel back in time?

Back to the exact moment you determined which inventory needed to be allocated to each store for the 2017 holiday season.

The only difference this time around is you’d know exactly what sold at each location because your ‘future self’ would know every single purchase made. Then, you'd be able to make the best use of inventory by knowing exactly where each product was going to sell — prior to the hectic holiday season plagued by unpredictable spikes in demand.

Why, wouldn’t that be nice?

Unfortunately, the ability to travel back in time just isn’t an option. We’re stuck making do with historical sales performance, trends, or manual-based analyses to distribute inventory across stores.

To put it plainly: we’re placing huge bets on our inventory.

Since time travel isn’t a thing (*sigh*), retailers must infuse advanced analytics into their allocation processes to improve inventory bets across each store location. Here are three reasons why:

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Topics: retail news, brick-and-mortar retail

A Look at Retail's 2018 Q2 Earnings

It’s halfway through the year, so it’s only natural to take a step back to get a pulse on the retail industry as whole. As the back-to-school season winds down and retailers start to prep for the holiday season during the second half of the year, it’s time to reassess where some of the major players stand.

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Topics: retail news, brick-and-mortar retail

Top Retail Industry Experts to Follow on Social Media

With the constant stream of blogs and articles pouring into the chaotic whirlpool of retail news each day, prioritizing what to consume on the reg. can get pretty overwhelming. For that reason, we pulled together a list of top retail industry influencers to follow across social media (Twitter, LinkedIn, Facebook, etc.), whose fresh perspectives have proven useful and insightful time and time again. 

Listed in alphabetical order, check out this list of notable retail industry experts on social media for unique and quality content on the happenings behind the long, unpredictable retail journey ahead of us:

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Topics: ecommerce, retail news, brick-and-mortar retail, consumer insights, consumer trends, technology adoption

Monday Mélange for Oct 16, 2017

3 Retail Stories Worth Reading from the Last Week (or so)

Welcome to your weekly mélange of retail news! This is where we look at the previous week (ish) of retail news, events, and activities to hopefully enlighten your day with a story that may have fallen through the cracks. 

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Topics: predictive analytics, retail analytics, retail news, top stories, monday melange

Monday Mélange for Sep 11, 2017

3 Retail Stories Worth Reading from the Last Week (or so)

Welcome to your weekly mélange of retail news! This is where we look at the previous week (ish) of retail news, events, and activities to hopefully enlighten your day with a story that may have fallen through the cracks. 

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Topics: predictive analytics, retail analytics, retail news, top stories, monday melange

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