How Promotions Improve Same-Store Sales
Same-store sales are a significant part of retail data as they let a business know how their stores are performing. Each year, businesses are able to look at their historical sales data and measure performance over time (whether this figure is the end-all-be-all is another discussion). Having such a benchmark enables retailers to understand trends, […]
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Why Do Retail Customers Prefer an In-Store Experience?
The retail industry has been in a constant stage of evolution, especially as technology offers more ways to improve the in-store experience. Store owners may be wondering how to compete with online shopping in this fast-paced climate. Compared to what was available in the retail industry 50 years ago, today’s consumer has their choice of […]
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Novelty Detection: Detecting New Classes of Anomalies in Complex Processes
Detecting new classes of anomalies when monitoring a high-dimensional data space is known as novelty detection. This is a special case of anomaly detection that can be extremely important in many real-world applications. Some examples for novelties are: a new class of customers that behave differently from others yet share common properties; a new manufacturing […]
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April 4th, 2018
Kohl’s Geek Day 2018, The Future of Retail Technology
If you’re interested in the future of retail technology and innovation, Kohl’s 2018 Geek Day event was the place to be. Geek Day is an annual Kohl’s-sponsored showcase for internal employees and select strategic vendors focused on new retail technology. This year’s expo showcased a myriad of future-thinking vendors supporting Kohl’s “Tech in 2020” initiatives, […]
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