rtp rsp16-esri-final deck
TRANSCRIPT
#RSP16
4WaysToImproveBusinessResultsWithLocationData
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PanelistsMODERATOR:AdamBlairExecutiveEditorRetailTouchPoints
GarySankaryRetailIndustryManager
Esri
@GarySankary
Every retail transaction happens in aspecific place for a reason
Sales
Inventory
Customers
Supply Chain
Sales
Inventory
Customers
Supply Chain
Pricing
Promotions
Fulfillment
Assortment
Sales
Inventory
Customers
Supply Chain
Pricing
Promotions
Fulfillment
Assortment
Weather
Transportation
PopulationData
Data Modeling Traffic
Routing
Price Sensitivity
Geography
CustomerProduct
Location
Highly empowered consumers, with real time data, 24/7 about everything
• New transparencies in the market
• New expectations about service and brand performance
• New loyalty drivers
• New competitive pressures
Empowered Consumers Means….
Improving Business Results with Location
• Data Driven Decision Making
• Personalization and Segmentation- Driving engagement
• Create value added experiences for customers
• Maximize investments in Brick and Mortar
Data Driven Decision Making
• Market Planning- Using Location attributes to build trade areas- Aggregating population data around the area- Correlating store performance with location attributes
• Customer Analytics- Who are your customers? Evaluating CRM data and local demographic data- Who is not shopping in your stores? Simple mapping to see where there are holes in the
customer shopping patterns• In-Store Location Analytics
- What are the best locations in a store? Where do customers travel, dwell and purchase?
Personalization and Segmentation
• Building Relevant Assortments- Correlation between population data, CRM and item attributes to curate product
assortments by category
• Building engaging and personal experiences for you customers- Smart shopping lists that route customers through the store- Product locators- Personalized fulfillment options- buy anywhere, receive anywhere
Create value added experiences for customers
• Smart Shopping Lists – routing, product suggestions, proximity marketing• Location based content and searches • Personalized offers• Social media engagement• Home delivery/ Personalized fulfillment
Maximize Investments in Brick and Mortar
• Store network optimization• Dark stores• Territory management• Relocations and remodels• Competitive assessments• Opening New Stores/ Contracting Locations
Takeaways from Today
1. Location is a critical component of any retail data management strategy2. Leveraging location data enables retailers to uncover new insights and extend
their capabilities beyond traditional Brick and Mortar3. Many retailers are already using location to deliver precise product and services
that drive consumer engagement and loyalty4. Every size retailer, from five to five hundred stores needs a location strategy
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Q&A//PanelistsMODERATOR:AdamBlairExecutiveEditorRetailTouchPoints
GarySankaryRetailIndustryManager
Esri
@GarySankary
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