RetailNext and KPMG to co-chair Retail Well being Index

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RetailNext, the main analytics resolution for brick-and-mortar retailers, at present introduced that it’ll associate with the Retail Suppose Tank to provide its quarterly Retail Well being Index, alongside present co-chair and international advisor, KPMG.

First established in 2006 by KPMG and market analysis chief, Ipsos, the Retail Well being Index is the business’s solely complete, sector-level benchmark of retail efficiency.  With virtually three a long time of knowledge, encompassing pivotal moments that outlined and redefined retail – from the 2008 Monetary Crash and ensuing ‘Credit score Crunch’ to Brexit, Covid-19, the post-pandemic restoration and, most just lately, the cost-of-living disaster – the Retail Well being Index assesses the sector’s key efficiency indicators, together with demand, margin and value. 

Every quarter, it’s independently scored by Retail Suppose Tank members – an elite advisory board comprising business specialists, thought leaders and analysts, together with Nick Bubb, former-GlobalData Director Maureen Hinton, and NielsenIQ’s Mike Watkins – to benchmark retail well being for the previous three months, and predict how efficiency will evolve within the subsequent quarter.  This 12 months creator and Retail Know-how Journal writer, Miya Knights, and retail advisor and creator, Natalie Berg, will be a part of the panel as new members, bringing contemporary perception and perspective to the wealth of experience and business know-how of the Retail Suppose Tank advisory board.

Following RetailNext’s acquisition of Ipsos’ people-counting and footfall resolution, Retail Efficiency, in November 2022, which had previously co-produced the Retail Well being Index, RetailNext will now produce the quarterly index in collaboration with co-chair, KPMG.

Paul Martin, UK Head of Retail at KPMG, commented: “From its very inception again in 2006, the Retail Well being Index has been a formative useful resource for retail companies and leaders, aiming to quantify the information of the Retail Suppose Tank members in a scientific approach, while additionally offering an evaluation of the general retail well being, for which there was historically no ‘official’ information.” 

“Having been the voice reporting on retail well being for nearly three a long time, we’re excited to welcome RetailNext as our co-chair for the Retail Well being Index, and thru the partnership we look ahead to persevering with to assist retailers set a course for achievement as they navigate the multifaceted pressures, challenges and alternatives the market continues to current,” he added.

Gary Whittemore, Head of Gross sales, EMEA & APAC at RetailNext, commented: “With the fast-moving and multi-dimensional challenges dealing with retailers, impacting each space and performance of their companies, the Retail Well being Index is not only a priceless indication of sector well being.  Crucially, it additionally dissects and contextualises the important thing components impacting efficiency, drawing on the intensive information and experience of the Retail Suppose Tank membership.  This ends in a quarterly playbook for retailers, which outlines actionable insights and methods to create aggressive benefit within the context of the market, to drive retail companies ahead and readdress the stability of well being again within the retailer’s favour.”

In addition to being out there on-line, a digest of the outcomes of the Retail Well being Index, together with wide-ranging perception, contextual evaluation and unique information units on key efficiency metrics, is accessible in a quarterly report, which is free for retailers to obtain.

To enroll to obtain the Retail Suppose Tank’s Retail Well being Index, together with its quarterly perception stories that includes perception, evaluation and unique information, right here.

About RetailNext

The primary expertise platform to deliver ecommerce fashion shopper analytics to brick-and-mortar shops, manufacturers, and procuring centres, RetailNext is a pioneer in focusing totally on optimising the patron expertise.

Via its centralised SaaS platform, RetailNext mechanically collects and analyses shopper behaviour information, offering retailers with perception to enhance the patron expertise in real-time.

Greater than 400 manufacturers in over 90 nations have adopted RetailNext’s analytics software program and retail experience to raised perceive the patron journey in an effort to improve same-store gross sales, mitigate dangers and eradicate pointless prices.

RetailNext is headquartered in San Jose, CA: https://retailnext.web/

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