SlideShare ist ein Scribd-Unternehmen logo
1 von 14
Downloaden Sie, um offline zu lesen
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
Decision support system based on
Consumer behavior analytics
Retail Instruments
Communication with loyal visitors
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
WIFI – analytics: what is it for?
CONCERNS
ANSWERS
•  High sales personnel attrition rate
•  Changing
•  Marketing Campaigns
•  Seasons
•  Collections
•  Discounts
•  Merchandise layout
•  Displays
•  Campaigns Effectiveness
•  Optimization of zones, displays, layout, assortment,
advertisements, etc.
•  Store rent rates/footfall around the store
•  Benchmarking: Industrial & per Shopping Mall
•  Analysis of cross-audience
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
WIFI – analytics: new information
•  For how long your visitors stay in your store?
•  What are the days with more returning/loyal visitors?
•  Were you able to attract more people from overall people
flow around your stores?
•  How many people bounced out without a purchase?
•  What is the real people flow near the store?
•  Footfall around your store: is it really as the shopping mall
stated?
•  How big is the cross-audience of different stores or
brands?
•  What is the stores synergy?...
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
•  MAC-address
•  Signal Strength
•  Time Stamp
(!) Privacy and security
•  No personal data collection or processing
involved, only aggregated statistics used.
•  MAC addresses are hashed/encrypted
directly on the sensor, so the system
operates with encrypted IDs, not even MAC
addresses.
How does this work
Personal mobile
phone with WIFI
Router identifies the MAC
address and tracks the device
All aggregated data are sent to the cloud and
visualized to the customer in private online platform
page
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
•  Footfall around the store
•  Capture rate
•  Dwell time
•  Bounce rate
•  Loyalty/ RF-analysis:
•  Level % of returned visitors
•  Frequency of visits
•  Recency of visits
System collects and analyses the following data:
Main characters
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
UNDERSTANDING CONSUMER BEHAVIOR => APPROPRIATE MANAGEMENT DECISIONS
Consumer behavior analytics
CAPTURE RATE
% of people entered a store out
from all footfall outside
•  Display quality (KPIs for marketing, merchandising)
•  Advertising effectiveness
LOYALTY
Number and % of people
returning to store during day/
week/month/year
DWELL TIME
Time spent in store
BOUNCE RATE
% of people with less than x-
minutes in store
CROSS-AUDIENCE
% of people entering different
brands/stores
•  Consumers loyalty (KPI for all)
•  Frequency and regency of visits
•  Rating of stores among loyal visitors
•  Merchandise/ assortment quality
•  Personnel professionalism
•  Campaigns effectiveness
•  Queues?
•  Low effectiveness of in-store personnel?
•  Store development strategy
•  Marketing strategy, advertising
•  Stores cannibalization?
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
•  Simple tool for constant monitoring, assessment and motivation for
sales personnel with transparent clear KPIs
•  Increase Revenues:
•  Assess advertisement and marketing campaigns effectiveness
•  Store displays improvement
•  Store rent rates impact
•  Measurable effectiveness of advertising
•  Right time for promos/advertising
•  Improving customer service quality
•  Audience analytics
•  Benchmarking
•  Industrial
•  Geo: Shopping mall, City, etc.
How retailers use this data
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
Cross audience
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
Loyalty – returning visits
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
How to contact loyal visitors?
Welcome _BRAND_ store!
In order to receive personal offers and
discounts next time you visit us – please
provide your phone number:
+37258172099
Yes, please send me personal offers!
BRAND STORE Free WIFI
•  Make a personalized offer right at the moment returning visitors enter a store
•  Ability to offer special price/discount/coupon for returning visitor
•  Get an approval from every person to receive such personalized offers
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
INDUSTRIES
•  Fashion
•  Cosmetics
•  Electronics
•  DIY
•  Mobile phones
•  Shopping Malls
•  Fast Food
Retailers using WIFI-analytics
TARGET AUDIENCE / KEY USERS
•  TOP-Management
•  Operations Management
•  Marketing
•  Merchandising
•  Sales, Commercial
•  HR
•  Business development/Rent
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
•  Projects: Moscow, St-Petersburg, cities with >1M population
•  Benchmarking for 50+ shopping malls in Tallinn, Saint-Petersburg and
Moscow
•  Presented in 120+ shopping malls in Russia
•  Vast experience in retail and deep business processes understanding
•  Strong R&D Team
•  Technical support: own and by partners
•  Cooperation with big consulting and engineering companies
About US
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
We’re proud to serve industry leaders
© RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee
Retailinstruments ltd
Lõõtsa 6 Tallinn, Estonia
info@retailinstruments.ee
www.retailinstruments.ee
For more information or personal presentation please feel free to
contact us:
Contact information
Jelisei Lokotar
+372 5853 2007
jelisei@retailinstruments.ee

Weitere ähnliche Inhalte

Was ist angesagt?

SME Furniture E Retail
SME Furniture E Retail SME Furniture E Retail
SME Furniture E Retail
Manish Hirve
 

Was ist angesagt? (20)

Creating a customer centric customer experience
Creating a customer centric customer experienceCreating a customer centric customer experience
Creating a customer centric customer experience
 
The Age of Retail Automation
The Age of Retail AutomationThe Age of Retail Automation
The Age of Retail Automation
 
Bricks Clicks2
Bricks Clicks2Bricks Clicks2
Bricks Clicks2
 
Target virtual concierge trial results 14.12
Target virtual concierge trial results 14.12Target virtual concierge trial results 14.12
Target virtual concierge trial results 14.12
 
SME Furniture E Retail
SME Furniture E Retail SME Furniture E Retail
SME Furniture E Retail
 
Chapter 3 multichannel retailing
Chapter 3 multichannel retailingChapter 3 multichannel retailing
Chapter 3 multichannel retailing
 
Adapting to the modern Customer Journey - by attune and SAP Hybris
Adapting to the modern Customer Journey - by attune and SAP HybrisAdapting to the modern Customer Journey - by attune and SAP Hybris
Adapting to the modern Customer Journey - by attune and SAP Hybris
 
Merchandising session
Merchandising sessionMerchandising session
Merchandising session
 
Transcending the Limits of Legacy eCommerce Solutions
Transcending the Limits of Legacy eCommerce SolutionsTranscending the Limits of Legacy eCommerce Solutions
Transcending the Limits of Legacy eCommerce Solutions
 
Multichannel retailing
Multichannel retailingMultichannel retailing
Multichannel retailing
 
Transforming the Store Into the Warehouse
Transforming the Store Into the WarehouseTransforming the Store Into the Warehouse
Transforming the Store Into the Warehouse
 
Planning for Omnichannel Success
Planning for Omnichannel SuccessPlanning for Omnichannel Success
Planning for Omnichannel Success
 
Philippe Bernou - Seamless omnichannel solutions with Magento order management
Philippe Bernou - Seamless omnichannel solutions with Magento order managementPhilippe Bernou - Seamless omnichannel solutions with Magento order management
Philippe Bernou - Seamless omnichannel solutions with Magento order management
 
Singapore Mall Discovery 2015
Singapore Mall Discovery 2015Singapore Mall Discovery 2015
Singapore Mall Discovery 2015
 
'In 2020 maatwerk verwacht van retailer'
 'In 2020 maatwerk verwacht van retailer' 'In 2020 maatwerk verwacht van retailer'
'In 2020 maatwerk verwacht van retailer'
 
How Indoor Location Enables Mobile Retail
How Indoor Location Enables Mobile RetailHow Indoor Location Enables Mobile Retail
How Indoor Location Enables Mobile Retail
 
Swarm brings online data and marketing techniques to offline commerce.
Swarm brings online data and marketing techniques to offline commerce.Swarm brings online data and marketing techniques to offline commerce.
Swarm brings online data and marketing techniques to offline commerce.
 
How do to create a Retail format brand
How do to create a Retail format brandHow do to create a Retail format brand
How do to create a Retail format brand
 
Chap003
Chap003Chap003
Chap003
 
SAP Customer Activity Repository | Omni-Channel Customer Engagement
SAP Customer Activity Repository | Omni-Channel Customer EngagementSAP Customer Activity Repository | Omni-Channel Customer Engagement
SAP Customer Activity Repository | Omni-Channel Customer Engagement
 

Andere mochten auch (7)

Your Child Deserves Support
Your Child Deserves SupportYour Child Deserves Support
Your Child Deserves Support
 
Evaluation
EvaluationEvaluation
Evaluation
 
A Brief History of Child Custody Law
A Brief History of Child Custody LawA Brief History of Child Custody Law
A Brief History of Child Custody Law
 
Production log
Production log Production log
Production log
 
Quantitative Questionnaire
Quantitative QuestionnaireQuantitative Questionnaire
Quantitative Questionnaire
 
Independent textual analysis
Independent textual analysisIndependent textual analysis
Independent textual analysis
 
Facts About Child Support
Facts About Child SupportFacts About Child Support
Facts About Child Support
 

Ähnlich wie Retainstruments solution for RETAIL Companies

PPT.ppt
PPT.pptPPT.ppt

Ähnlich wie Retainstruments solution for RETAIL Companies (20)

Omnichannel Marketing for shopping centre
Omnichannel Marketing  for shopping centreOmnichannel Marketing  for shopping centre
Omnichannel Marketing for shopping centre
 
Product Brochure
Product BrochureProduct Brochure
Product Brochure
 
Site Analytics for Retailers
Site Analytics for RetailersSite Analytics for Retailers
Site Analytics for Retailers
 
Site Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / PropertySite Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / Property
 
Arvind Brands - Hackathon - Solution Idea
Arvind Brands - Hackathon - Solution IdeaArvind Brands - Hackathon - Solution Idea
Arvind Brands - Hackathon - Solution Idea
 
PPT.ppt
PPT.pptPPT.ppt
PPT.ppt
 
Meet Magento 2015 Utrecht - Digital in store - Smile
Meet Magento 2015 Utrecht - Digital in store - SmileMeet Magento 2015 Utrecht - Digital in store - Smile
Meet Magento 2015 Utrecht - Digital in store - Smile
 
Management information systems
Management information systemsManagement information systems
Management information systems
 
Leveraging Location Data to Build Consumer Profiles
Leveraging Location Data to Build Consumer ProfilesLeveraging Location Data to Build Consumer Profiles
Leveraging Location Data to Build Consumer Profiles
 
Marketing aspects of crm
Marketing aspects of crmMarketing aspects of crm
Marketing aspects of crm
 
TR Digital Strategy v1
TR Digital Strategy v1TR Digital Strategy v1
TR Digital Strategy v1
 
How to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail BusinessHow to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail Business
 
Retail
RetailRetail
Retail
 
In door personalized ads and services using digital analytics
In door personalized ads and services using digital analyticsIn door personalized ads and services using digital analytics
In door personalized ads and services using digital analytics
 
Introduction to Channels and Metrics
Introduction to Channels and Metrics Introduction to Channels and Metrics
Introduction to Channels and Metrics
 
Changing landscape of Real Estate Industry with Digital Marketing and Technology
Changing landscape of Real Estate Industry with Digital Marketing and TechnologyChanging landscape of Real Estate Industry with Digital Marketing and Technology
Changing landscape of Real Estate Industry with Digital Marketing and Technology
 
eshopping & consumer trends_Snapdeal
eshopping & consumer trends_Snapdealeshopping & consumer trends_Snapdeal
eshopping & consumer trends_Snapdeal
 
Personalize Customer Engagements Through Smarter Analytics & Marketing
Personalize Customer Engagements Through Smarter Analytics & MarketingPersonalize Customer Engagements Through Smarter Analytics & Marketing
Personalize Customer Engagements Through Smarter Analytics & Marketing
 
Data Strategies & its uses for small business owners
Data Strategies & its uses for small business ownersData Strategies & its uses for small business owners
Data Strategies & its uses for small business owners
 
berman_retailmgmt13e_ppt_06.pptx
berman_retailmgmt13e_ppt_06.pptxberman_retailmgmt13e_ppt_06.pptx
berman_retailmgmt13e_ppt_06.pptx
 

Retainstruments solution for RETAIL Companies

  • 1. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee Decision support system based on Consumer behavior analytics Retail Instruments Communication with loyal visitors
  • 2. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee WIFI – analytics: what is it for? CONCERNS ANSWERS •  High sales personnel attrition rate •  Changing •  Marketing Campaigns •  Seasons •  Collections •  Discounts •  Merchandise layout •  Displays •  Campaigns Effectiveness •  Optimization of zones, displays, layout, assortment, advertisements, etc. •  Store rent rates/footfall around the store •  Benchmarking: Industrial & per Shopping Mall •  Analysis of cross-audience
  • 3. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee WIFI – analytics: new information •  For how long your visitors stay in your store? •  What are the days with more returning/loyal visitors? •  Were you able to attract more people from overall people flow around your stores? •  How many people bounced out without a purchase? •  What is the real people flow near the store? •  Footfall around your store: is it really as the shopping mall stated? •  How big is the cross-audience of different stores or brands? •  What is the stores synergy?...
  • 4. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee •  MAC-address •  Signal Strength •  Time Stamp (!) Privacy and security •  No personal data collection or processing involved, only aggregated statistics used. •  MAC addresses are hashed/encrypted directly on the sensor, so the system operates with encrypted IDs, not even MAC addresses. How does this work Personal mobile phone with WIFI Router identifies the MAC address and tracks the device All aggregated data are sent to the cloud and visualized to the customer in private online platform page
  • 5. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee •  Footfall around the store •  Capture rate •  Dwell time •  Bounce rate •  Loyalty/ RF-analysis: •  Level % of returned visitors •  Frequency of visits •  Recency of visits System collects and analyses the following data: Main characters
  • 6. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee UNDERSTANDING CONSUMER BEHAVIOR => APPROPRIATE MANAGEMENT DECISIONS Consumer behavior analytics CAPTURE RATE % of people entered a store out from all footfall outside •  Display quality (KPIs for marketing, merchandising) •  Advertising effectiveness LOYALTY Number and % of people returning to store during day/ week/month/year DWELL TIME Time spent in store BOUNCE RATE % of people with less than x- minutes in store CROSS-AUDIENCE % of people entering different brands/stores •  Consumers loyalty (KPI for all) •  Frequency and regency of visits •  Rating of stores among loyal visitors •  Merchandise/ assortment quality •  Personnel professionalism •  Campaigns effectiveness •  Queues? •  Low effectiveness of in-store personnel? •  Store development strategy •  Marketing strategy, advertising •  Stores cannibalization?
  • 7. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee •  Simple tool for constant monitoring, assessment and motivation for sales personnel with transparent clear KPIs •  Increase Revenues: •  Assess advertisement and marketing campaigns effectiveness •  Store displays improvement •  Store rent rates impact •  Measurable effectiveness of advertising •  Right time for promos/advertising •  Improving customer service quality •  Audience analytics •  Benchmarking •  Industrial •  Geo: Shopping mall, City, etc. How retailers use this data
  • 8. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee Cross audience
  • 9. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee Loyalty – returning visits
  • 10. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee How to contact loyal visitors? Welcome _BRAND_ store! In order to receive personal offers and discounts next time you visit us – please provide your phone number: +37258172099 Yes, please send me personal offers! BRAND STORE Free WIFI •  Make a personalized offer right at the moment returning visitors enter a store •  Ability to offer special price/discount/coupon for returning visitor •  Get an approval from every person to receive such personalized offers
  • 11. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee INDUSTRIES •  Fashion •  Cosmetics •  Electronics •  DIY •  Mobile phones •  Shopping Malls •  Fast Food Retailers using WIFI-analytics TARGET AUDIENCE / KEY USERS •  TOP-Management •  Operations Management •  Marketing •  Merchandising •  Sales, Commercial •  HR •  Business development/Rent
  • 12. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee •  Projects: Moscow, St-Petersburg, cities with >1M population •  Benchmarking for 50+ shopping malls in Tallinn, Saint-Petersburg and Moscow •  Presented in 120+ shopping malls in Russia •  Vast experience in retail and deep business processes understanding •  Strong R&D Team •  Technical support: own and by partners •  Cooperation with big consulting and engineering companies About US
  • 13. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee We’re proud to serve industry leaders
  • 14. © RetailInstruments Ltd www.retailinstruments.ee info@retailinstruments.ee Retailinstruments ltd Lõõtsa 6 Tallinn, Estonia info@retailinstruments.ee www.retailinstruments.ee For more information or personal presentation please feel free to contact us: Contact information Jelisei Lokotar +372 5853 2007 jelisei@retailinstruments.ee