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RetailNext wins gold in Best in Biz 2014 International award alongside with the most innovative and prestigious companies world wide.
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Retail CEOs have been blaming sales shortfalls in recent months on declines in store foot traffic, with some even claiming that consumers, increasingly distracted by the 24/7 lure of online shopping, are starting to avoid the mall entirely. Is the decline in traffic really happening? Yes, according to San Jose, CA-based analytics firm RetailNext.
RetailNext’s solutions provide retailers and manufacturers with real-time data on product consumption and shopping patterns to identify opportunities for growth. Their patented solution uses video analytics, Wi-Fi detection, Bluetooth, on-shelf sensors, beacons, and data from point-of-sale systems to inform retailers about consumer shopping habits.
Tyco Retail Solutions , a leading global provider of retail performance and security solutions, today announced Tyco has made an equity investment in RetailNext, an innovator in Big Data solutions for retail. RetailNext offers unique and comprehensive real-time analytics, particularly in the traffic intelligence space, empowering retailers to collect and analyze in-store data.
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