The long-awaited holiday season is just around the corner. After some difficult years for the retail sector during the pandemic and the Russia-Ukraine war, the retail industry must now face cost-sensitive consumers during a cost-of-living crisis and inflation. While retailers can’t…
Retail Operations: Best Practices for Operational Efficiencies
Retail operational efficiency is a driving force of successful stores. It can make or break the shopping experience for customers and can decide the fate of your bottom line. By embedding best practices into your store operations, from inventory management to…
pass_by Partners With Stanford University & NeuralProphet to Build Revolutionary AI-Powered Foot Traffic Model
Key Takeaways: In today’s fast-paced retail industry, data-driven decision making has become the norm for retailers of all sizes. The issue though, is that data signals can still be inaccurate at scale. This poses a problem to an industry with increasingly…
How to Start a Successful Pop-Up Shop: From Concept to Cash
Pop-up shops are a new way for customers to find, enjoy, and purchase your products. For new business owners or established retailers, a pop-up shop is an effective additional form of revenue and an addition to your retail marketing strategy. But…
Halloween 2023: In-depth Data Analysis for the Retail Industry in October
Americans spend billions of dollars on Halloween costumes, decorations, and candy each year, but Party City is going bankrupt. As 20% of Party City annual sales come from Halloween, are businesses still benefiting from Halloween? See our analysis of foot traffic…
Retail Business Intelligence: Use Cases, Benefits & Tools
In today’s rapidly evolving retail landscape, staying ahead of the competition is more crucial than ever. But how do retailers make informed decisions amid a sea of data? The answer lies in retail business intelligence (BI). This tech-driven approach transforms raw data…
What is Geospatial Data and How to Get It
Geospatial data empowers businesses and organizations to make informed decisions, understand the rise and fall of sales, and locate opportunities. Understanding it and how best to use it opens the door to more detailed analysis and understanding of consumer behavior. At…
Retail Void Analysis: Step-by-Step Guide to Finding the Gaps
Void analysis in retail finds gaps in locations for a potential business or organisation to fill. Complete an analysis to discover optimized brick-and-mortar locations to start or move a business, franchise, or service. Advanced void analysis uses location data tools for an enhanced…
How to Find Tenants: 10 Ways to Fill a Retail Vacancy
The secret to a low vacancy rate lies in using data to your advantage. From using AI-powered footfall analytics to mastering the art of the ‘pop-up’ lease, here is how the most successful landlords are outmaneuvering the competition to find good…
What Is Foot Traffic? Definition, Examples & Why It Matters for Retail
Foot traffic is the number of people who enter a physical location within a given time period. In retail, it is the single most important leading indicator of store performance, and it underpins nearly every decision made by store operations, real…