It is now common knowledge that customer analytics will help retailers better understand and anticipate shopping behavior. Based on McKinsey’s Me Commerce and the Future of Retail findings, retailers can provide tailored product recommendations increase shopping volume by 5-10%, improve supplier negotiations, reducing costs by 1-2%, and schedule promotions for multiple locations increasing sales volumes by 1-2%.
Next Generation of Retail
Next Generation of Retail
Next Generation of Retail
It is now common knowledge that customer analytics will help retailers better understand and anticipate shopping behavior. Based on McKinsey’s Me Commerce and the Future of Retail findings, retailers can provide tailored product recommendations increase shopping volume by 5-10%, improve supplier negotiations, reducing costs by 1-2%, and schedule promotions for multiple locations increasing sales volumes by 1-2%.