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Customer Insight Analysis – Strategies and Techniques

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Customer Insight Analysis – Strategies and Techniques
BI in the retail industry
Business intelligence in the retail industry – strategies and trends
We explore the significance of business intelligence in the retail industry, how it works, its benefits and challenges, and the future trends that will shape its evolution.
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The Problems with Conversion Analysis Today
At its core, conversion in retail is about turning browsers into buyers. Whether it’s online or in-store, the goal is to get customers to complete a desired action, like making a purchase.
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Experiential retail – examples and strategies
The retail industry is continually adapting to new consumer trends and preferences, and right now, there is a strong emphasis on experiential retail. This customer experience approach significantly transforms the shopping experience by incorporating interactive activities that engage customers.
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6 Reasons for Low Conversion Rates in Retail 
Conversion is the number one issue in retail right now.  More and more, it’s getting harder to get customers to buy once they come in-store, or add more items to their carts.   Some of it is down to the economic climate. But it’s also down to consumer behavior shifting.  People nowadays are more used to spreading purchases across multiple stores, and are getting more demanding of the stores they buy from.
retail metrics
Retail metrics – 27 key metrics for your business
Understanding and tracking the right retail metrics is important for any retailer aiming to stay competitive and thrive. Measuring the right metrics provides the insights to make informed business decisions, optimize operations, and enhance customer satisfaction.
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The difference between multichannel and omnichannel retailing
Understanding the distinction between omnichannel and multichannel retail is important for any retailer operating across multiple channels. Both strategies aim to enhance customer experience, but they achieve this in different ways.
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Webinar | “Is self-checkout dead?”
Self-checkout remains the hottest topic in retail. So, we thought: why not ask customers what they think? 🤔 In our latest webinar, we took a deep dive into the topic (still) splitting retail, with data from our latest 2024 report into self-checkout and analysis from award-winning supermarket chain Longo’s.
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Retail pricing optimization – strategies, models and examples
Retail pricing optimization is more crucial than ever, especially in an industry marked by economic fluctuations and changing consumer behavior. The recent trend of major retailers’ price cuts highlights the competitive pressures and consumer sensitivities in today’s market. These actions underscore the importance of effective pricing strategies to maintain profitability and customer loyalty.

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