Accelerated Analytics is thrilled to announce that we have been named a finalist for Best Technology Solution Provider in the 2024 BeautyMatter NEXT Awards. This recognition is a testament to our dedication to innovation, excellence, and leadership within the beauty industry. “With everything we do, our first goal is how we bring value. The NEXT... Read more »
Consumers are shopping 6% more with their desktops this year versus last year, with desktop spending at $35.36 billion in the first 36 days of the shopping season (Nov 1- Dec 6). This figure sets a new record. Cyber Monday week saw $9.7 billion in desktop spending, up 7%. Spending reached $1 billion + per… Read more »
Vera Bradley, Inc. has added Mary Lou Kelley to its Board of Directors, bringing extensive e-commerce experience with her. Kelley had served as President, E-Commerce of Best Buy since 2014. Prior to joining Best Buy, she served as SVP, E-Commerce for Chico’s and Marketing VP for L.L. Bean. Previously, she also held key marketing positions… Read more »
The National Retail Federation’s Consumer Holiday Spending Survey shows that 56.6% of holiday shoppers already started shopping by early November, up from 54.4% in 2014. 60% of shoppers still plan to purchase apparel or accessories, 46.2% will buy books/CDs/video games, 41.2% will buy toys and 21.8% will purchase jewelry. Over 50% of those surveyed felt… Read more »
Mark Twain famously said, “get your facts first, then you can distort them as you please.” As data analyst we have a responsibility to provide an accurate and complete picture when we poor through numbers and create reports. The labor report released on Friday provides a great example of an incomplete reporting of the facts.… Read more »
The Consumer Spending Report (CSR) released in November indicates that consumer spending in October increased slightly by .9 points to close to 103 points, but still sits below the current twelve month average of 105.6. The overwhelming majority of consumers rated the economy as fair or poor, continuing this trend from September. Retail spending decreased… Read more »
What is an out of stock? A retail out of stock is when the inventory available on the shelf is either zero, or depending on the product category, when the inventory available for sale is less than the typical job lot quantity. Conceptually an out of stock is not difficult to understand and therefore one… Read more »
The Farnworth Group published a study that found that specialized retailers are taking more of the DIY market from big-box home improvement stores like Lowe’s and The Home Depot. Amazon is making its appearance as a favorite online home improvement source. The study analyzed purchase behaviors among a variety of retail channels and different buying… Read more »
Due to Christmas creep, retailers are moving out the pumpkins and putting out winter holiday right away, if not already. Some retail trends shoppers can look forward to now: Early season deals are popping up and not waiting for Black Friday. Wal-Mart announced November 1 launches “savings and holiday retailtainment”. The iPad mini will be… Read more »
Deloitte’s 30th annual holiday consumer spending survey of over 4,000 US consumers identify major changes to some shopping traditions. Key findings include: Shoppers are expected to spend $1,440 this holiday season, across gift purchases, socializing, non-gift clothing, and home/holiday furnishings. Nearly 70% of consumers plan to “webroom” by looking at items online first and then… Read more »
The CPFR Method CPFR is a business methodology which integrates multiple parties in the planning and fulfillment of customer demand. The idea behind CPFR is that by coordinating activities throughout the supply chain inventories can be moved more efficiently, in the correct quantities, to the correct inventory locations to meet customer demand. CPFR establishes a… Read more »
