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Planalytics Holiday Recap

Join Coresight Research and Planalytics for our annual Holiday Recap Webcast.

The webcast will provide an analysis of the post-holiday shopping season.

Topics covered on this webinar include:

  • A recap of initial results and trends from the holiday season.
  • A recap of the weather events of the past several weeks.
  • A review of weather’s impact on total results and specific business segments.
  • The impact of weather on post holiday / January sales including gift card redemption.

Register Now

 

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Planalytics Brings Weatherization to Agribusiness to Help Improve Planning Processes and Increase Profitability

 

 


Berwyn, PA, September 23, 2019 – Planalytics, the leading provider of weather-informed demand analytics and insights, is expanding its proprietary analytics capabilities to agribusiness and food supply chains, bringing a proven approach to capture planning accuracy improvements, inventory cost savings, and annual net income gains.

Companies that sell agricultural inputs, equipment, and services to farmers are all too familiar with the effect that weather can have on business performance. The 2019 growing season is just the most recent example. However, the inherent variability of the weather is a reality that many companies across many categories wrestle with every year, from building months-ahead sales forecasts and inventories to managing in-season weather developments. “For more than 20 years we have enabled retailers, suppliers, and service providers to understand and effectively manage the impacts of weather volatility on sales and profitability,” says Fred Fox, Planalytics founder and CEO. “Having analyzed over 40,000 product categories based on trillions of retail and supplier transactions through the use of cloud analytics, we are well equipped to analyze practically any food and agribusiness firm’s data and to isolate and quantify weather impacts.”

Planalytics’ Weatherization cloud-enabled analytics engine measures historic weather-based volatility on a business. Left unmeasured and unadjusted, these embedded weather biases add significant error to business plans. Combining demand and supply data with weather data can create metrics that can be incorporated into a company’s existing planning or demand forecasting processes and systems. Adds Fox, “consumer goods companies typically realize annual enterprise forecast accuracy improvements of 5-12 percent, and net income by 2-6 percent annually through inventory optimization gains alone.”

Companies interested in exploring how Weatherization can apply to their business should contact Jed Lafferty at (610) 854-2245 to request a complimentary Weather Impact Analysis. After completing the initial analysis, companies will know exactly how sales are impacted by the weather and clearly see the benefits of planning from a weather-adjusted perspective. Agribusiness firms can license Planalytics Weather Driven Demand analytics delivered through the company’s Software-as-a-Service (SaaS) platform for integration into many leading Enterprise Resource Planning (ERP) planning and demand forecasting solutions, including Planalytics partners like SAP, JDA Software, SAS, Oracle and others.

ABOUT PLANALYTICS

Planalytics, Inc. (http://www.planalytics.com) is the global leader in Business Weather Intelligence®. Through advanced weather analysis technologies, planning and optimization solutions, and industry-specific expertise, Planalytics helps companies precisely measure weather-driven impacts and effectively manage the never-ending variability of climate. Leading companies from a wide array of industries use Planalytics to “weatherize their business”, taking advantage of opportunities to increase revenue while deploying strategies to reduce costs and protect margins during periods of risk.

 

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Let’s Talk About the Weather

HFN

By: Allison Zisko


Two companies combine resources to help home furnishings stores manage the impact of bad weather.

NEW YORK—A new partnership between The Grayson Company, a retail advisory firm, and Planalytics, a weather data analytics company, promises to help retailers better weather, well, the weather.

The two companies said their combined resources will help home furnishings stores manage the impact of bad weather—both catastrophic events and the day in, day out vagaries of Mother Nature—in terms of inventory planning, site location, supply chain management and other areas.

Hurricane Dorian, which lumbered its way up the East Coast last week, destroying the Bahamas but leaving the U.S. fairly intact, caused consumer spending to decline $1.5 billion, according to Evan Gold, who oversees partnerships and alliances for Planalytics. It expected sales at apparel stores, outlet centers and restaurants to be down in a range of double digits in the region of the hurricane, while home centers, grocery stores convenience stores, which offer one-stop shopping for need-based items, “will see a lift,” Gold said.

People restore damaged property first, which boosts sales at home improvement centers, and then turn to discretionary items for the home later, if at all. Patio furniture blown away in a storm may or may not be replaced. If it is replaced, it might boost sales at specialty or furniture stores months later.

Once a bad weather event has passed, people tend to forget about it, Gold noted, but companies should plan for a “weather-neutral baseline,” he said. “Weather brings a lot of volatility to your business but if you don’t account for that, you’re baking error into your plan.”

Weather is volatile but rarely repeats itself, he added.

Planalytics, which is more than 20 years old and is headquartered outside Philadelphia, says it can improve forecast accuracy and profitability and, with The Grayson Company, help retailers manage merchandise planning, replenishment and performance analytics, among other things.

“A predictive analysis tool is a fantastic addition to what we bring our clients,” said Steve Goldberg, president of The Grayson Company. Goldberg said that macro planning—knowing when or when not to bring certain products into a store, for example—can have a huge effect on inventory levels and supply chain. This information ultimately drills down to finer details.

“We live in a world of year-over-year comp performance categories where improvements of 50 basis points can be tremendously important,” he said of the home furnishings industry. “Any tools they can employ to improve those margins become critically important. The results move to the bottom line very quickly.”

Read the original article here.

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Weather Analytics Lunch Seminar

Location: Hilton Brussels Grand Place, Carrefour de l’Europe 3, 1000 Bruxelles, Belgium

Complete the form below to join us in Brussels for our complimentary Weather Analytics Lunch Seminar.

Topics include:

  • The opportunities and challenges presented by both in-season (weekly/daily) and year-over-year weather variations.
  • An overview of Planalytics’ analytics process and metrics including Weather Sensitivity and Weather-Driven Demand (WDD) calculations.
  • The benefits of using WDD insights to “Deweatherize” results and improve the accuracy of financial/sales plans, allocation processes, demand forecasts, etc.
  • Use case examples showing the value weather analytics can bring to planning, trading season decisions (e.g. replenishment, digital marketing, etc.) and performance analysis & reporting.
  • Plus summary impacts to watch for during fall 2019.

Hurricane Dorian to cost retailers $1.5 billion and threaten back to school sales

CNBC

By: Jasmine Wu

KEY POINTS:

•Consumer spending is expected to decline as much as $1.5 billion, according to data analytics firm Planalytics.

•Foot traffic at apparel stores is expected to fall 25%, while visits to outlet centers will decline 32%. Restaurant traffic is expected to decrease 14%.

•Home centers, grocery chains and convenience stores are going to see surges as consumers stock up on emergency necessities.


Retailers in the southeast can expect Hurricane Dorian to threaten the typical boosts they see from shoppers on the tails of Labor Day weekend and the back to school season.

Instead, that spending will go to grocery store chains and home improvement centers like Lowe’s and Home Depot as consumers stock up on necessities. Mass merchants like Target and Walmart will also see a boost, especially because consumers might turn to their recently rolled out same-day or next-day delivery services to purchase goods.

. . . Consumer spending is expected to decline as much as $1.5 billion, according to data analytics firm Planalytics. That factors in the gains from the home centers, grocery chains and convenience stores as consumers stock up emergency necessities like plywood, flashlights, water bottles or canned goods.

Foot traffic at apparel stores could fall 25% while visits to outlet centers will decline 32%, Planalytics estimated. Restaurant traffic is expected to decrease 14%.

Evan Gold, executive vice president at Planalytics, said companies with a large presence in the southeast are particularly vulnerable, such as BJ’s Wholesale, Dillard’s, Disney, and supermarket chain Publix.

Dillard’s has 42 stores in Florida, 12 in Georgia, and 21 in the Carolinas. Publix has 831 stores in Florida, 190 in Georgia, and 110 in North and South Carolina, according to its website. As of noon Wednesday, it said it was closing 115 stores. Forty-six of Walmart’s stores were closed due to the storm as of the same time.

Disney announced abbreviated schedules for parks in the Walt Disney World Resort on Monday and Tuesday before the storm.

“Those are hours they’re not going to get back,” said Gold.

Gold also noted that there are a large number of ports in the Carolinas, which retailers rely on to receive goods.

“August and early September is a time when a lot of the holiday goods start getting shipped in, and those ports are very busy,” he said. “The storm is so large that I’m sure there will be some ripple effect. I’m not sure to the average consumer that they’re going to significantly notice that goods may or may not be on the shelves come Christmas time but I’m sure there’s disruption happening now.”

Read the original article here.

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Goldman Sachs 26th Annual Global Retailing Conference

LOCATION: New York City, New York
DATE: September 4-5, 2019

Planalytics will be attending the Goldman Sachs 26th Annual Global Retailing Conference in New York City. If you would like more information about Planalytics, or to schedule a time to meet at the conference, please contact Tara McAdams at tmcadams@planalytics.com.

***PLEASE NOTE, this event is hosted by Goldman Sachs, and Planalytics will be attending only. For addition information, please reach out to a Goldman Sachs representative.

 

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Weather Analytics Lunch Seminar

Location: Sofitel Chicago Magnificent Mile, 20 E. Chestnut Street, Chicago, IL 60611

Complete the form below to join us in Chicago for our complimentary Weather Analytics Lunch Seminar.

Topics include:

  • The opportunities and challenges presented by both in-season (weekly/daily) and year-over-year weather variations.
  • An overview of Planalytics’ analytics process and metrics including Weather Sensitivity and Weather-Driven Demand (WDD) calculations.
  • The benefits of using WDD insights to “Deweatherize” results and improve the accuracy of financial/sales plans, allocation processes, demand forecasts, etc.
  • Use case examples showing the value weather analytics can bring to planning, trading season decisions (e.g. replenishment, digital marketing, etc.) and performance analysis & reporting.
  • Plus summary impacts to watch for during fall 2019.

Weather Analytics Breakfast Seminar

Location: Hilton Edinburg Carlton, 19 North Bridge, Edinburgh, Scotland, EH1 1SD

Complete the form below to join us in Edinburgh for our complimentary Weather Analytics Breakfast Seminar.

Topics include:

  • The opportunities and challenges presented by both in-season (weekly/daily) and year-over-year weather variations.
  • An overview of Planalytics’ analytics process and metrics including Weather Sensitivity and Weather-Driven Demand (WDD) calculations.
  • The benefits of using WDD insights to “Deweatherise” results and improve the accuracy of financial/sales plans, allocation processes, demand forecasts, etc.
  • Use case examples showing the value weather analytics can bring to planning, trading season decisions (e.g. replenishment, digital marketing, etc.) and performance analysis & reporting.
  • Plus summary impacts to watch for during fall 2019.

Breakfast Briefing

Location: St. Pancras Meeting Rooms
Derbyshire House, St. Chad’s Street, London, WC1H 8AG

BREAKFAST BRIEFING
Driving Sales & Performance with Weather Analytics 

Planalytics helps businesses “put a number” on the weather’s impacts by providing visibility into exactly when, where, and how much the conditions outside will affect sales for specific products and services. With these insights, companies are able to DRIVE SALES & MARKET SHARE by having product available when the customer wants it, IMPROVE MARGINS by more optimally deploying inventory (e.g. reduced markdowns, lower shrink, etc.). and INCREASE WORKING CAPITAL (e.g. trimming total inventory, reducing days of supply, etc.).

Learn more by attending our complimentary breakfast briefing.  Topics include:

  • A look at how weather volatility affects companies from the need to adjust for near-term, trading season sales fluctuations to the distortions and increased error it adds to planning processes.
  • An introduction to Weather-Driven Demand, a measurement derived on a detailed, multi-year analyses of sales data and the corresponding weather data (by time period, product/service, and location), and how companies use it to better evaluate results (like-for-like sales, promotional performance, etc.) and to better position the business to take advantage of climate-related opportunities.
  • Use case examples that demonstrate how the analytics are utilised for reporting and analysis, planning, demand forecasting, replenishment, marketing/advertising, etc.

View these videos to learn more about Planalytics’ Weatherisation.