NRF CEO says retail inventories are in good shape ahead of holidays.
October 27, 2023
Predictive demand analytics can help retailers sustain healthy stock levels and minimize markdowns. Retail Dive reports that retailers “have largely gotten their inventory under control ahead of the holiday shopping season, National Retail Federation CEO Matthew Shay told the press on Monday.” “The industry is in a better place and will be well positioned for …
Trick or Treat? November arrives with an abrupt weather change and opportunities for seasonal categories
October 26, 2023
As Halloween arrives, Weather-Driven Demand (WDD) is expected to surge for cold-weather categories across much of the country. To many, the plunging temperatures may seem like a cruel trick, but for retailers, the change may be a welcomed treat. Below are some examples of the weather-based demand swing as the abnormally warm temperatures of this …
Weather-Based Sales Sensitivity During the Holiday Shopping Season
October 19, 2023
Retail’s Q4 (for most, November through January) and the critically important Christmas and holiday shopping season is nearly here. The question on everyone’s mind…: how strong will retail sales be? RIS summarized some of the outlooks in their fourth annual guide to peak selling season: Holiday retail sales are likely to increase between 3.5% and …
Bloomberg: Warm Weather Hurting UK Fashion Retailers
October 10, 2023
Bloomberg reported (“Warm Weather Knocks Over £500 Million Off M&S and Next”) on the challenges clothing chains are facing due to milder conditions to start the fall selling season. “There’s fresh evidence from the FTSE 100 today of quite how vulnerable retailers are to unpredictable weather,” wrote Business of Fashion in their report on this …
Targeting Digital Out of Home (DOOH) Marketing with Localized Predictive Demand Analytics
October 5, 2023
“It takes a lot to stand out in today’s retail environment. With new e-commerce brands constantly entering and leaving the marketplace and consumers distracted by concerns over inflation, retail brands need to dedicate serious effort to make an impression and drive sales,” according to a post by the Forbes Communication Council. Understanding that “as humans, …
Big Consumer Demand Swings to Open October as Temperatures Fluctuate
October 4, 2023
Expect consumer demand volatility over the first half of October. Planalytics is projecting large swings in consumer purchasing activity over the first two weeks of October due to weather. Let’s look at the Philadelphia markets as an example. Weather-Driven Demand or WDD (a measure of how much changes in the weather either increase or decrease …
Financial Times: Supermarkets Eye Opportunities with Retail Media
September 26, 2023
According to an article in the Financial Times, “supermarkets are generally looking for profitable ventures, like selling fuel, to stay competitive on food. The latest involves your eyeballs — and your data.” “There has long been talk about the opportunity presented by the growth in ecommerce, combined with supermarkets’ customer data particularly from loyalty programmes. …
Forbes Highlights Key Areas for Retail AI
September 7, 2023
Forbes has laid out four ways artificial intelligence (AI) can be leveraged to improve retail basics. “The days of reactionary responses, such as raising or slashing prices on consumer goods to break even or move excess inventory for long-term success, are gone. Retailers must work in new, better ways, as the economy—along with shoppers and …
2023 Summer Recap and Fall Outlook Powered by NielsenIQ
September 6, 2023
This recent webcast presented by Evan Gold, EVP of Partnerships & Alliances at Planalytics, provides a summary of the summer season and an outlook for fall. For this update, Planalytics weather-driven demand metrics leveraged source data from NIQ, the largest consumer intelligence provider in the world. By measuring the impact of weather, businesses can proactively …
Theme Park Operators Point to Challenging Weather in Recent Earnings Calls
August 24, 2023
“The weather continues to get in the way of what was originally forecast to be a strong summer for theme park operators,” according to the Seeking Alpha article Theme parks from California to Florida have been hit by worse weather than normal this summer. Industry leaders, Six Flags Entertainment, SeaWorld Entertainment, and Cedar Fair “all …