Louis Vuitton-owner LVMH says the future of retail is in-store Whether you take it as a foreboding insight or a position requiring a grain of salt, their research shows that Brick & Mortar is still king… for the foreseeable future, anyway. According to the chief financial officer at LVMH, Jean Jacques Guiony, the consumer still... Read more »
Brrr, it’s cold outside. I live in south Florida and we have been experiencing record low temps for well over ten days now. Last night it got down to 28 degrees at my house! I know-28 degrees would be a welcome heat wave for many places in the US right now, but down here this… Read more »
Started a new category on Twitter for EDI 852 research and information. Follow rainmakergrp and watch for #edi852 to stay up to date on all things regarding point of sale data analysis, and specifically EDI 852. Topics will include how to best use EDI 852 for analyzing retail sales performance, on hand inventory forecasting and… Read more »
Many of the vendors we work with have a specific planogram they agree to with a buyer on an annual or semi-annual basis. After reaching an agreement with the buyer on the planogram, the vendor estimates sales and then creates a production forecast based on the number of facings and estimated sales. The problem many… Read more »
Nordstrom recently announced its plans to invest approximately $40 to $45 million in technology upgrades next year, maintaining its level of IT spend year-over-year. Over the past year, the luxury department store has been heavily focused on evolving its multi-channel business. This focus has clearly paid off, since the luxury department store most recently reported… Read more »
NEW YORK (Nov. 23) According to The Conference Board, U.S. households are expected to spend an average of $390 on Christmas gifts this holiday season, down from last year’s estimate of $418. “Consumers are approaching the holiday season very cautiously,” says Lynn Franco, director of The Conference Board Consumer Research Center. “Job losses and uncertainty… Read more »
Several recent meetings with vendors has highlighted a growing trend – POS data analysis has been and continues to be an operations imperative, but vendors are increasingly finding strategic value in POS analysis. EDI 852 forms the foundation of the analysis with UPC and store level sales and on hand. But looking beyond sell thru… Read more »
If you are a Walmart vendor, you have access to a wealth of data via Retail Link. As a service provider, we work with a lot of Wal-Mart vendors, helping them to analyze the point of sale data made available by Walmart through Retail Link. Sometimes a vendor will ask us “If I have Retail… Read more »
The current retail environment is a subject of much discussion. The Accelerated Analytics team analyzes over 7 million units sold at over 650 retailers each week for vendors of consumer products and fashion items. For the last several weeks, we have been seeing consistent week over week growth in all three categories. Here is a… Read more »
If you are a Home Depot vendor, you are eligible to receive product sales activity and inventory data via EDI 852 from Home Depot. The Home Depot EDI 852 document will contain SKU/UPC level units sold, units on hand, and dollars sold for every store where your products are sold. The files are sent one… Read more »
Analyzing point of sale data can be a daunting task for an analyst, especially when there is very little real world training available. That is why the Accelerated Analytics team has written four “how to” guides that share the secrets we use to analyze over 69,000,000 unit sales per week. Now you can get real… Read more »