Digital Business Consulting
How we helped large fashion retailer Go Digital? sales@theretailinsights.com || Skype – retailinsights
How we help large fashion retailers Go Digital? sales@theretailinsights.com || Skype – retailinsights
Choose the right partner to Go Online (Retail Insights plus Magento)…first step towards multi-channel (www.theretailinsights.com)
Omnichannel partner in India
Go digital or Die: Retailers finally embracing online shopping
We know that 87% of retailers are heading online on a weekly basis for work-related tasks. But what exactly are they doing, and how does the web help them run their business?
Here’s a breakdown of the numbers:
69% go online to order from their distributor or wholesaler. We hear time and time again that retailers love online ordering because it streamlines a time-consuming process, and it helps with inventory management.
67% go online to do their banking. Online banking saves time and allows retailers to choose when and where they do their banking. For busy retailers, this can be a great time-management tool.
60% go online to research new products and information. There’s a lot of information on the web, and retailers are taking their education into their own hands by heading online.
46% go online to communicate with their sales rep. Retailers and sales reps are busy, but steady communication is more important than ever. Email is a great way to stay in touch with your rep to ensure you’re not missing out on tips, deals and offers.
25% go online to engage in social media. Connecting with customers outside of the store is important, and many retailers are beginning to see the benefit to this type of social engagement.
21% go online for remote access to their store via laptop or smartphone. Technology affords many retailers the opportunity to check in on their stores when they’re not there. This is a great tool for single- or multi-site owners who can’t be in their store all the time.
16% go online to read and participate in industry forums and blogs. Other retailers represent one of the biggest learning opportunities, and going online to connect in a blog or forum is a smart way to build a community of like-minded individuals.
Why Retail Insights is a right partner??????
* Value and Outcome based models
* Increase your IT responsiveness and agility
* Reduced CapEx and OpEx
* No dependency on in-house IT/Marketing team
* Assured Security – Customer Privacy and Transaction Details
* Increase “Access from Anywhere – Anytime”
* ROI in less than year
* No Operational Dependencies
* Focus on core business – Identifying Supplier and New Product Launches
About Retail Insights
Omnichannel provider in India
} Involves multi-skilled team of consultants (technical & functional) with proven experience
} Well balanced approach : on – site, off – shore capabilities to handle the competitive lifecycle of internal and customer engagement
} High quality maintained across delivery cycles, that strive to reduce costs while increasing customer responsiveness
} Key focus areas – Functional Consulting, In-house Products, Magento Application development and Support, Business Intelligence.
Retail Insights – Product Portfolio
In-store Display Asset Management
}Central Application to stock/track Promotional Display Assets
}Display Asset Catalogue by Store
}Price and Discount Master of Display Assets
}Store Attributes and Clustering
}Display Reservation and Availability
}Compliance and Utilization Reports
}Role Definition
Markdown Optimizer
}RI Markdown Optimizer
o Software tool used by Retail Buying Managers and Merchandisers
o To analyse and decide on which items to go for markdown
o What markdown approach gives best performance
o Foresee the impact of markdown
o Execute/process markdowns
} Cyclical continuous process to achieve inventory, profit and revenue objectives
} Build markdown plan for a store or group of stores or chain
} Create, forecast, compare and evaluate multiple markdown pricing scenarios
} Automate and streamline the markdown pricing process
RI-BI : Store BI
} Store ready BI – Sales, Merchandising, Inventory, Markdown and Supplier intelligence.
} Successfully implemented with leading retailers and franchisee in India.
} Centralize all of your franchisee data in one place with easy, built-in reporting!
} Deliver value back to your franchisees with reports designed specifically.
} Solution so affordable it can pay for itself within 6 months.
Retail Insights – Services
Magento – Implementation and Managed Services
} Marketing Strategy & Result Oriented Models
SEO and Online Marketing – Offline Marketing, Online Marketing
Google ads
Facebook campaigns and building online community
Designing new themes on the website etc.
Handling Bulk product uploads and new themes & Reporting
Technical Support – Server Support – Coordinating with Hosting provide, Upgradations, Backups automations
SLA’s definition
Category/Department Reviews
}Category/Item Performance – Sales, Stock and Price
}Product Mix – Identify Products fit into the Category
}New products introduction
}Discontinue products
}Stores Clusters by attribute/space – Price Sensitive, Up market and Midmarket- Number Ranges to be made
}Planograms – Shelf/Facings level – Shelf logic
}Shelf capacities and setting up MBQ’s
}Sample Output Templates are shown below for reference