ACNielsen Enables Retailers to Achieve Top-Line Growth, Store-by-Store; Strategies for cracking the ''retail C.O.D.E'' Revealed During Consumer 360 Conference.PALM DESERT, Calif. -- Retailers face many growth opportunities, particularly at the store level. One way to consistently achieve top-line growth is by applying a simple, systematic four-step Winning@Retail process. This strategy was presented during the recent Consumer 360 Conference, the No. 1 marketing information conference for the 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. ) industry. Michael Himmelfarb, Spectra's vice president of product management, encouraged attendees to employ a practical methodology for ensuring success at the store level. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Himmelfarb, "As an industry, we recognize that many opportunities can optimize optimize - optimisation store-by-store performance and add to top-line growth. But the lack of information tools and a clear framework often make executing this strategy difficult." As Himmelfarb and his team shared Winning@Retail secrets, they advised retailers and manufacturers to "crack the retail C.O.D.E.", a four-step process for increasing store-by-store revenue:
1. Consumer Profiling - accurately capturing the demographic profile
of the brand's consumer
2. Opportunity Gapping - identifying store-level opportunities based
on consumer demand potential
3. Dynamic Clustering - grouping like stores using multiple store
attributes, including demographics, competition, and upside
opportunity
4. Executing against the consumer - based on steps 1-3, developing
store-level tactical plans and giving the field force the right
information to optimize in store presence
Himmelfarb shared success stories from leading companies on how they followed the Winning@Retail process and achieved top-line growth through improved execution, reduced out-of-stocks and overstocks, and improved promotion performance and inventory management. "Winning@Retail is conceptually simple," said Himmelfarb. "This strategic approach provides a deeper understanding of the consumer around a given store, measures the gap between actual and potential demand, and offers an execution plan at the store and cluster level that fully meets potential demand." About ACNielsen ACNielsen, a VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User 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 → campaña de venta . ACNielsen uses Six Sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. methodologies to continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. improve the quality of the services it provides to its clients. Six Sigma is a rigorous, data-driven, continuous and breakthrough improvement program focused on achieving the highest levels of quality. Note to Editors: Look for this press release and other ACNielsen news on the Internet at http://acnielsen.com/news. |
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