Brickstream Intelligence for Marketing Enables Shopper-Based In-Store Marketing for Consumer Product Manufacturers.Business Editors ATLANTA--(BUSINESS WIRE)--May 3, 2004 Brickstream Corporation, a leading provider of customer analytics solutions, today announced the immediate general availability of Brickstream Intelligence for Marketing, Consumer Products Edition 1.0, a real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. business intelligence solution for consumer product manufacturers that provides a more complete view of in-store shopper behavior and measures the effectiveness of in-store marketing initiatives. Major consumer product manufacturers, working with retail partners, are using these insights to deliver a more convenient, relevant and enjoyable in-store shopping experience and are achieving gains in sales, gross margin, and return on marketing spend. Incomplete view of in-store shopper behavior The time pressure felt by many shoppers today has resulted in 70% of buying decisions being made in the store at the point-of-purchase, 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. Point-Of-Purchase Advertising International (POPAI POPAI Point-Of-Purchase Advertising International ). In response manufacturers and retailers are spending over $17 billion per year on POP marketing in attempts to positively influence shopper purchase decisions in the store. However, effectiveness of in-store marketing spend is difficult to track, with no readily available measurement system in place to attribute gains (or declines) in sales to a specific marketing display or change in product placement or presentation. John Wannamaker, the father of the modern-day Adj. 1. modern-day - characteristic of the present; "contemporary trends in design"; "the role of computers in modern-day medicine" contemporary modern - belonging to the modern era; since the Middle Ages; "modern art"; "modern furniture"; "modern history"; department store, best described the situation when he said: "I know half the money I spend on advertising is wasted...I just don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. which half". Jim Stengel Sten·gel , Charles Dillon Known as "Casey." 1890?-1975. American baseball player and manager, most notably of the New York Yankees (1948-1960), a team he led to ten American League pennants and seven World Series championships. , Global Marketing Officer at P&G, recently echoed this message when addressing the AAAA AAAA American Association of Advertising Agencies AAAA American Association for Affirmative Action AAAA Army Aviation Association of America AAAA Battery Size AAAA American Association of Amateur Astronomers Media Conference on February February: see month. 12, 2004: "We lack an industry standard for measurement. We need a method to determine the effectiveness of our efforts." Shopper-based in-store marketing Brickstream addresses this need by providing Brickstream Intelligence for Marketing, Consumer Products Edition 1.0, a business intelligence solution that delivers a quantitative understanding of in-store shopping behavior and measures the impact of different in-store marketing initiatives. Brickstream Intelligence for Marketing is built on the award-winning Adj. 1. award-winning - having received awards; "this award-winning bridge spans a distance of five miles" Brickstream System, a technology capability that uses ceiling-mounted video cameras to anonymously and automatically track shoppers as they move throughout a retail environment. This movement information is transformed into actionable intelligence Having the necessary information immediately available in order to deal with the situation at hand. With regard to call centers, it refers to agents having customer history and related product data available on screen before the call is taken. and delivered to the right people, at the right time. Available using an easy-to-use web portal See portal. , Brickstream Intelligence for Marketing provides several report modules, each offering different insights about in-store shopper behavior and the effectiveness of marketing initiatives at each stage of the shopping process.
Example shopper insights Example marketing decision support
------------------------ ----------------------------------
Aisle Entry Analysis -- Are floor advertising and
-- Are we attracting more shoppers aisle signage effective at
into the aisle? increasing traffic to the
-- From what end do shoppers enter aisle?
the aisle? -- What is the best location
for the product in the
category?
Aisle Penetration Analysis -- Is POP marketing effective at
-- Are shoppers traveling the full- pulling shoppers deeper into
length of the aisle? the aisle?
-- How long do shoppers spend in -- Are destination products
the aisle? being leveraged to pull
shoppers deeper into the
aisle?
-- What is our advertising
message window in the aisle?
Aisle Sequence Analysis -- Are products shopped together
-- What is the sequence of located adjacent to one
shopping activity? another?
-- How many products are shopped? -- Are cross-promotions
-- Which product is shopped first? effective at directing
shoppers to the other item?
-- Are destination products
being leveraged to pull
shoppers to complementary
items?
-- How competitive is the
shopping process in the
category?
Product Display Analysis -- How effective are different
-- How many shoppers pass a POP materials at stopping
display or product? shoppers?
-- How many stop in front of the -- How long do customers shop
display or product? the product? Is POP
-- How long do customers stop in advertising and promotions
front of the display or relevant?
product? -- How effective are different
shelf designs at converting
browsers to buyers?
Shopper Conversion Analysis -- Are in-store marketing
-- How many browsers are initiatives increasing the
converted into buyers? conversion rate of browsers
to buyers?
-- What is our conversion rate
relative to other brands in
the category?
-- Are we increasing shopper
conversion over time?
These insights help consumer product manufacturers understand what works and what doesn't does·n't Contraction of does not. and support the development of a more convenient, relevant and enjoyable in-store shopping experience that leads to gains in sales, gross margin, and return on marketing spend. For the first time, in-store marketing initiatives can be developed and measured with the same rigor rigor /rig·or/ (rig´er) [L.] chill; rigidity. rigor mor´tis the stiffening of a dead body accompanying depletion of adenosine triphosphate in the muscle fibers. as media in other channels, such as print and broadcast, dramatically increasing the return on marketing spend. POPAI estimates in-store advertising optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. can deliver 1-2% growth to the overall supermarket industry, worth $2.2-$6.0 billion. "Manufacturers find Brickstream very useful because it puts them closer to the demand signal," said Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Garf, AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research, in the Alert Highlight, "Store Traffic Tracking Adds a New Level of Consumer Insight for Retailers", Wednesday Wednesday: see week. , April 28, 2004. "Our customer analytics solutions provide consumer product manufacturers with scientific feedback on how well in-store marketing initiatives are delivering profitable customer experiences," said Simon Angove, President of Brickstream. "We provide the answer to which half of marketing spend is wasted." Brickstream Intelligence for Marketing, Consumer Products Edition 1.0, will be demonstrated at the Food Marketing Institute's Supermarket Convention & Educational Exposition exposition or exhibition, term frequently applied to an organized public fair or display of industrial and artistic productions, designed usually to promote trade and to reflect cultural progress. , May 2-4, 2004. About Brickstream Brickstream sets the standard for a new generation of business intelligence for the brick-and-mortar economy. Brickstream provides closed-loop customer analytics solutions that enable the continuous capture and analysis of customer activity in brick-and-mortar environments, and the ability to act on this information in real-time to improve the planning and execution of sales, service, and marketing activities. Developed over a period of nine years, Brickstream solutions are protected by numerous patents. Brickstream serves retailers, retail banks, and consumer product manufacturers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion