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How to Leverage Data to Transform Your Convenience Store Offering

How to Leverage Data to Transform Your Convenience Store Offering

By Scott Barrett, VP Global Client Services and Kent Schlesselman, Senior Client Services Manager

Convenience isn't a one-size fits all business. Best-practice retailers know that their offering needs to be adapted to their demographic and current site and retail network strategy. The trends emerging as the convenience concept evolves are as important to consider as the role you play in this evolution.

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Essential Data Points to Help You Evaluate a Site Renovation

Essential Data Points to Help You Evaluate a Site Renovation

By Marianne Hillhouse, Account Executive, and Susan Ertl, Retail Network Planning Consultant

Information is indeed power. For every business, information sells. And for every product at a site — fuel and convenience retail, quick service restaurant or car wash — information leads to sound decisions (and those decisions make money).

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AI Series Part 1: How Artificial Intelligence and Machine Learning have Advanced with Data Proliferation

AI Series Part 1: How Artificial Intelligence and Machine Learning have Advanced with Data Proliferation

By Anila Siraj, EVP of Research and Applied Data Sciences

In our three-part series on Artificial Intelligence and Machine Learning, we'll help you understand the differences between these concepts, how new data and technological advancements can positively impact your bottom line, and the pitfalls to avoid. In part one, we'll explore the proliferation of data and its relationship to these concepts.

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Big Data in the Convenience Retail Industry

Big Data in the Convenience Retail Industry

By Kent Schlesselman, Senior Client Services Manager

It’s easy to be both impressed and overwhelmed at the same time when you realize the sheer volume of relevant data sets available in the world, waiting to be harvested for meaningful insight. Even information about the sheer amount of information is, itself, big data.

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Expert Insight: The Race for Volume, Part 2: Data Driven Decisions

Expert Insight: The Race for Volume, Part 2: Data Driven Decisions

By Ian Thompson

In Part 1, I introduced the analogy of the convenience retailer as a finely tuned performance car in a challenging race for volume. We explored pricing as the turbo charger, best used in short bursts for growing margin and exploiting daily opportunities, but not the best way to maintain or grow market share. We also looked at how dropping prices across the board to increase volume often results in price wars and minimal volume growth at reduced margins.

Is this article, we will look at the role of data in the race for volume.

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Using Data-Driven Sales Strategies to Move the Needle

Using Data-Driven Sales Strategies to Move the Needle

By Kalibrate Team

You don't always have control over your promotional items, and that means you don't always have a plan to understand their effects on sitewide sales. Your gut instinct on what works and what doesn't is a good start, but is it giving you all the strategic support you need? Access to critical, integrated data can raise your game to the next level.

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How Business Intelligence Can Help Your Company Succeed

How Business Intelligence Can Help Your Company Succeed

By Kalibrate Team

If you're ready to gain market share and establish a better position in the marketplace, business intelligence is a must. But what is it? And how can it help you accomplish those goals?

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