Unleashing the power of science and data in retail
Hatem Sellami is a serial entrepreneur who has successfully founded and co-founded multiple technology companies in the retail science space. Currently he is serving as the CEO of both RetSci and the software company, Cognira. We recently got together to talk about what exactly IS retail science. A Brief History So Hatem, obviously I […]
Q1 Earnings: Inflation, weather, and Organized Retail Crime
Meg Galgano heads up business consulting for RetSci. She also listens to more retail earnings calls than anyone we know. The other day we got together to talk about retail trends from the first quarter earnings calls. Meg, to start with, if you don’t mind, if you could share a little bit of your background […]
Make your RFP Intelligent
RFP processes, especially for retail optimization, have always been plagued by personal opinions and bias within organizations. Even the best run, most sophisticated approaches still cannot eliminate bias. In our work with the top fashion, hardline, and grocery retailers, we have identified 5 ways to reduce the opinions and apply science to the process. Now, […]
Leveraging the full spectrum of AI for better forecasting
Envision forecasting what shoppers will crave before they’re even aware of it. This isn’t a futuristic fantasy, it’s the present-day power of AI in retail. From traditional storefronts to cutting-edge digital marketplaces, AI is leaving no stone unturned in its quest to redefine the shopping experience. The COVID-19 pandemic sparked a dramatic transformation in shopping […]
Proactive protection: Reducing shrink, fraud, and losses with PRISM
In recent years, the role of asset protection in retail has significantly evolved. As technology advances and consumer behavior shifts, retailers face new challenges in protecting their assets and ensuring a safe shopping environment. From cybersecurity threats to shrink and fraud, the scope of asset protection now extends far beyond traditional shoplifting prevention. Today, we’re […]
Clearing the air on sustainability myths
In the grand theater of consumer awareness, a new star has taken center stage – sustainability. Once a simple understudy, it now commands the spotlight, basking in the adoration of an increasingly eco-savvy audience. The call of green consumerism echoes through the aisles of commerce, as shoppers, armed with reusable bags and righteous indignation, seek […]
How human expertise elevates predictive analytics
As retailers increasingly lean on data-driven insights to guide their decision-making, the symbiosis between cutting-edge technology and human understanding is redefining the very essence of retail success. While AI and machine learning crunch numbers at lightning speed, industry leaders are realizing that these technologies alone are not enough. The true power of predictive analytics is […]
Organized retail crime explained: FAQs answered
Organized retail crime (ORC) is wreaking havoc on the retail industry at an unprecedented scale. The relentless surge in sophisticated, coordinated theft operations across the nation -mainly driven by economic pressures, weaknesses in legislation and the rise of online marketplaces- has triggered a spike in financial losses for retailers. Gone are the days when a […]
Navigating the Back-to-School Rush
As summer fades and a new school year approaches, retailers gear up for the back-to-school season—the second-largest retail event after the winter holidays. This annual shopping frenzy presents both opportunities and challenges for businesses aiming to meet the diverse needs of students, parents, and educators across both physical stores and e-commerce platforms. In this fierce marketplace, strategic […]
How to choose the right analytics partner
Retailers are inundated with data from a variety of sources, including point-of-sale systems, e-commerce platforms, inventory management tools, and customer relationship management systems. Within this swirling sea of information, retail analytics serves as the compass by which businesses chart their course through the tumultuous waters of consumer trends and market dynamics. To harness the power […]