Taking a holistic approach towards improving store performance is likely to be more effective than taking siloed approaches. With the advent of technologies, retail businesses can apply optimization processes more effectively toward customer dwell-to-sales behavior, customer persona management, product quality perception, optimized price recommendation, assortment optimization, workforce management, etc., to align with the business goals. Leveraging various technologies backed by data can aid retailers to gain insights into these areas and create efficient workflows that help monitor and improve store performance.

JK Tech’s Smart Analytics solution backed by Data Transformation provides retailers with insights into Store Traffic, Customer Dwell, Dwell-to-Sales Behavior, and Customer Footfall & Sales Conversion. The features comprise Dwell-to-Sales trend, Persona Match Score, Price Recommendation, Classification of Quality Perception, and a Store Operations Dashboard that help in monitoring Dwell-to-Sales conversion and other attributes to take corrective actions leading to increased store sales and improved margins.

Frequently Asked Questions

What is Store Performance in Retail?

Store performance gives retailers a clear understanding of their business and helps them to track potential problems and understand ways to improve business efficiency.

How and why is Store Performance important for retailers?

Store Performance is important as it helps retailers to understand and grow their business by identifying possible issues, influencing business decisions, improving forecasts, and setting standards.

How can JK Tech help with efficient Store Performance for retailers?

JK Tech’s Augmented Analytics solution backed by Data Transformation provides retailers with insights into Store Traffic, Customer Dwell, Dwell-to-Sales Behavior and Customer Footfall & Sales Conversion.


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