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Retail analytics
/ɹˈiːteɪl ˌanɐlˈɪtɪks/
/ɹˈiːteɪl ˌænɐlˈɪɾɪks/Retail analytics
01
the use of data analysis and insights to optimize retail operations, improve sales performance, and enhance customer experiences
retail analytics
n
Example
Retailers use retail analytics to track sales performance and identify top-selling products.
Retailers rely on retail analytics to make data-driven decisions that improve overall business performance.
With retail analytics, companies can personalize marketing campaigns to target specific customer segments.
Using retail analytics, stores can optimize their inventory management and pricing strategies.
Retail analytics helps businesses understand customer preferences and buying patterns.
