In the evolving landscape of retail, the importance of data-driven decision-making cannot be overstated. Understanding and tracking key performance indicators (KPIs) are essential for retailers to stay competitive and thrive in the market. This article explores the crucial metrics that every brick-and-mortar retailer should be aware of. General Metrics Visitor Count The total number of […]
From humble beginnings with barcodes and manual people counting in the 1970s to the promising advancements of AI in the 2020s, the journey of retail analytics has been both transformative and challenging. In this blog post, let’s explore the milestones that have shaped the retail analytics landscape and how Respory is contributing to this ever-evolving […]
Brick-and-mortar retail faces transformative challenges in the ever-evolving landscape of the retail industry and the strong growth of e-commerce. This article delves into three key challenges that demand the attention of every brick-and-mortar retailer to ensure resilient growth. Challenge 1: E-commerce Disparity E-commerce is on a rampant growth trajectory, boasting a 9% Compound Annual Growth […]