Tyco Retail Solutions, a leading global provider of retail performance and security solutions sold through ADT and authorized business partners worldwide, today announced leading retailers such as Belle and GUESS are optimizing store performance and driving incremental revenue through Tyco’s Traffic Intelligence solution.
By providing a clear interpretation of store traffic, Tyco enables retailers to improve virtually any aspect of store operations as they allocate resources in proportion to the number of shoppers. In addition, the ability to incorporate traffic intelligence into existing loss prevention data enables retailers to enhance the overall effectiveness of loss prevention measures.
Regardless of their size or specialty, retailers today need a better picture of shopper conversion. From peak selling times to the effectiveness of in-store display advertising, to the correlation between the number of shoppers and purchases made, there are a number of key data points that need to be connected in order to improve overall store performance. Unlike point-of-sale (POS) information, conversion rate data which highlights total transactions per store visits, offers critical insights into why shoppers purchased items or not.
With Tyco, retailers can leverage Electronic Article Surveillance (EAS), Traffic and Inventory Intelligence reporting from a single, scalable Store Performance platform. By integrating data and reporting across multiple systems, retailers can better understand shopper behavior to optimize store layouts, product placement, and marketing campaign effectiveness. In addition, they can allocate resources more effectively according to traffic patterns and maintain ideal associate-to-shopper ratios throughout the store to achieve enhanced customer service and increased incremental sales.
“We depend on Tyco Retail Solutions’ traffic intelligence solution to gain valuable insights about shopper behavior to help us increase shopper conversion. Beyond monitoring traffic flow, Tyco Retail Solutions enables us to make better decisions, optimize our labor efficiencies and enhance our merchandising strategies, while reducing shrinkage in our GUESS stores, said Joan Rozario, Retail Operations Manager, Guess Fashion for GUESS brands in Singapore.”
“Real-time data is becoming increasingly important as retailers strive to maximize the in-store experience, reduce shrink and increase profitability. By arming these organizations with innovative, integrated solutions to manage the growing volume of data, our customers can make strategic decisions instantly, and further leverage those insights to plan for long term opportunities,” said Scott Clements, President of Tyco Retail Solutions.