Data Analytics in the Retail Industry: Drive Success and Optimize the Customer Experience
When faced with unprecedented challenges, we often see innovation as a result. The same held true for the luxury retail sector.
When faced with unprecedented challenges, we often see innovation as a result. The same held true for the luxury retail sector.
Data doesn’t lie. Find out how you can maximize the value of analytics to drive growth and strengthen customer relationships.
When faced with unprecedented challenges, we often see innovation as a result. The same held true for the luxury retail sector.
See how Colgate-Palmolive is using their measurement program to optimize the media mix in a volatile market:
Under the current conditions, consumers have never been more connected, and they have never been more in need of that connection as working from home, online ordering and even online education continue to trend upward in 2020.
CMOs are under pressure to cut budgets to protect their firms against economic uncertainty, without any corresponding drop in the requirement to deliver results. This can too easily lead brands to shift to a performance-marketing-led strategy, focused on short term sales results. This is often done at the expense of brand marketing, which, at first glance, with its soft KPIs and perceived difficulty in measurement, appears on the surface to be less impactful.
Hill’s Pet’s Joe Keating shares how a successful analytics strategy allowed them to outpace their category – even during dynamic economic times.
Brands often allocate significant portions of their budget to video for good reason – they’re effective, can impact buying decisions in multiple ways, and can be measured with the right analytic approach.
Contextual targeting is enjoying a resurgence as digital advertisers look for ways to tailor ads to audiences without using potentially privacy-unsafe customer data. New regulations by governments at home in the US and abroad are driving this change, as are stricter anti-tracking rules by gatekeepers like Apple. It looks like successful behavioral and demographic targeting will only get harder in the years to come.
We just released our latest ROI Genome Intelligence Report: Targeting Works, Except When it Doesn’t. Although targeting has long been a staple of marketing strategies, deploying it as an effective tactic can be deceptively complex.