Nexite, an AI-powered retail intelligence platform, has launched its new Connected Retail solution. This offering empowers fashion retailers to take control of their store performance and drive growth, leveraging real-time customer behaviour data and AI-powered insights.
The platform offers a new “control” dashboard, giving retailers a comprehensive, chain-level view of store performance. This includes the full customer journey in each store, revealing hidden opportunities for greater revenue and early warnings when revenue is at risk. This increased visibility empowers multiple stakeholders across headquarters and stores to identify the causes of under performing stores and take swift action. They can address slow-moving or unpopular products, reduce overstocking and understocking, localize product assortments, and apply best practices across stores to optimize store performance and sales.
Nexite’s solution collects real-time, item-level data on merchandise in stores every thirty seconds, using battery-free, patented NanoBT (Bluetooth) tags and readers. This delivers 98%+ inventory accuracy and translates merchandise movement and location data into a detailed understanding of how customers see, pick up, try on, and purchase or abandon products in each store, and how this impacts sales and conversion. These unprecedented insights are available within days, giving retailers full visibility and control over their merchandise, stores, and employees. This empowers them to perfect the customer experience and improve sales and conversion in physical stores in real time.
ctto: https://nexite.io/new-connected-retail-platform-real-time-control-over-store-operations/
