ACNielsen Announces Comprehensive Retail Coverage Solution for The U.S. CPG Industry; Initial Release of All-Channel Coverage Product Available Now.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 14, 2004 Responding to widespread changes in consumer shopping patterns, ACNielsen U.S. today announced a comprehensive retail measurement solution that offers significantly enhanced coverage of the complex U.S. consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one (CPG CPG central pattern generators. ) marketplace. ACNielsen U.S. is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of ACNielsen, a VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User business. The announcement was made here during the annual Consumer 360 conference hosted by ACNielsen, Spectra, and other businesses of the VNU Marketing Information Group. In development for more than a year, tested in the marketplace and available now, the initial release of ACNielsen's innovative solution gives clients their first source of actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. insights based on a complete view of consumer purchasing in both traditional and emerging retail channels. The solution integrates information from a variety of sources to provide accurate, decision-ready reporting and coverage of a broad array of retail channels, including food, drug, mass merchandise, convenience, dollar, pet, home-improvement, warehouse-club, and toy stores A toy store, or toy shop, is a retail business specializing in the services of selling toys. No longer held to the limitations of the brick and mortar outlet, the toy store has successfully created a presence within the e-commerce industry. , as well as Wal-Mart. Alice Fawver, senior vice president, Retail Measurement Services, ACNielsen U.S. Marketing, said, "The remarkable diversity of today's retail universe is one of our clients' most difficult marketing challenges. In a marketplace where consumers can find the same product in many different outlets, complete retail coverage is essential to help manufacturers develop the right marketing and sales programs, and to help retailers understand their competitive positions. Accurately measuring this highly complex environment is a difficult challenge, but we're satisfied that, after careful testing, we have developed the right solution." ACNielsen's first-stage first-stage said of larva; the first of several larval stages. comprehensive retail coverage service employs a new modeling process to integrate information from three sources: -- Retail measurement information, gathered at the point of sale, principally from the flagship ACNielsen Scantrack(R) service. -- Consumer purchasing information gathered in the home through the industry-leading ACNielsen Homescan(R) consumer panel service. -- Shipment and other data provided by consumer-product manufacturers. ACNielsen is already developing enhancements to the new solution that will add information from food-service and vending outlets. The depth and richness of the consumer purchasing information also will be substantially enhanced as ACNielsen rolls out its previously announced expansion of its Homescan panel. "We have been moving aggressively over the past year on this solution," Fawver said, "but at the same time we're taking care to ensure the new information we deliver to clients is accurate and meaningful. Our solution, which is driven by a breakthrough approach to data synthesis data synthesis Meta-analysis, see there , meets our high standards of accuracy and quality in market measurement." The importance of tracking sales in all retail channels can be seen in the disposable disposable Nursing adjective Referring to that which is discarded or disposed of noun An item used in health care-related Pt contact which is discarded after use–eg masks, gloves, gowns, needles, paper products, syringes, wipes. See Biohazardous waste. diapers category (see chart below). If retail measurement was limited to the grocery, drug, and mass merchandise channels, less than two-thirds of category sales would be represented.
Retail Channel $ Sales Change Vs. Year Ago Share of Total
Retail Sales
----------------------------------------------------------------------
Food/Drug/Mass $46,021,962,853 -7.1% 61%
----------------------------------------------------------------------
Wal-Mart $22,888,718,345 1.1% 30%
----------------------------------------------------------------------
Club $5,617,051,428 18.8% 7%
----------------------------------------------------------------------
Dollar $624,553,101 31.9% 1%
----------------------------------------------------------------------
Toy $537,117,337 4.1% 1%
----------------------------------------------------------------------
Source: ACNielsen, 52 weeks ending 2/21/04 ACNielsen, a VNU business, is the world's leading marketing information provider. Offering services in more than 100 countries, the unit provides measurement and analysis of marketplace dynamics and consumer attitudes and behavior. Clients rely on ACNielsen's market research, proprietary products, analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. tools and professional service to understand competitive performance, to uncover new opportunities and to raise the profitability of their marketing and sales campaigns Noun 1. sales campaign - an advertising campaign intended to promote sales ad blitz, ad campaign, advertising campaign - an organized program of advertisements sales campaign n → campaƱa de venta . Note to Editors: Look for this press release and other ACNielsen news on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://acnielsen.com/news. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion