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retail analytics
/ɹˈiːteɪl ˌænɐlˈɪɾɪks/
/ɹˈiːteɪl ˌanɐlˈɪtɪks/
Retail analytics
01
the use of data analysis and insights to optimize retail operations, improve sales performance, and enhance customer experiences
Examples
Retail analytics helps businesses understand customer preferences and buying patterns.
Using retail analytics, stores can optimize their inventory management and pricing strategies.
