SAN JOSE, Calif. – September 4, 2013 – RetailNext Inc., the leader in Applied Big Data for brick-and-mortar retail, today congratulated Stacey Shulman for being named among the elite technology executives in the retail industry. Shulman was named CIO of the Year in the Innovation category, by RIS News, for her store-wide advanced use of RetailNext for in-store analytics while at American Apparel. Shulman was recognized for her measured results, including 40% capital expenditure savings, as she sought to leverage cutting-edge technology for brick-and-mortar retailers in order to increase sales and conversions while improving the customer experience.
RetailNext integrates with myriad data sources, from video to POS or staffing systems, making it the most advanced and comprehensive in-store analytics solution today. The technology enables retailers of all sizes to gain insights about shopper behavior akin to ecommerce analytics.
“CIO Stacey Shulman led a team that tested and installed an advanced in-store analytics platform capable of interpreting streams of digital video and recognizing human beings’ movement throughout the store. Now deployed chainwide, the solution lets American Apparel measure not simply the number of store visitors but customers’ movement within the store, as well as how these behaviors tie into actual register sales,” wrote Adam Blair of RIS News in the magazine’s August 2013 story.
“Shulman’s team has employed a holistic approach, feeding this customer data into the retailer’s labor scheduling module. This allows managers to more accurately schedule employees where and when they are most needed to maximize sales. The video analytics platform also made it unnecessary to maintain a separate loss prevention video recording system, resulting in a 40% capital expenditure savings,” Blair wrote.
The Third Annual CIO of the Year Awards were conducted by leading retail technology publication RIS News. Nominations were judged by a panel of retail CIO peers as well as editors from RIS News. The Innovation award recognized “the CIO who implemented an emerging technology that drove ROI through top-line growth, better customer satisfaction, or bottom-line savings.” Additional finalists in the Innovation category were: John D’Anna of Brookshire Grocery, Dave Finnegan of Build-A-Bear Workshop, and Keith Sherwell of Sears Holdings.
The full award write up can be found online at: http://risnews.edgl.com/magazine/August-2013/3rd-Annual-CIO-of-the-Year-Awards87643
RetailNext is the leader in Applied Big Data for brick-and-mortar retail, delivering real-time analytics that enable retailers and manufacturers to monitor, collect, analyze, and visualize in-store data. The company’s patent-pending solution uses best-in-class video analytics, Wi-Fi detection, and data from point-of-sale systems, and other sources to automatically inform retailers about how people engage with their stores. The highly scalable RetailNext platform easily integrates with promotional calendars, staffing systems, and even weather services to analyze how internal and external factors impact customer shopping patterns – providing store operations executives with the ability to identify opportunities for growth, execute changes, and measure success.
RetailNext makes sense of more than 500 million shopping trips per year by collecting data from more than 65,000 sensors in retail stores and analyzing trillions of data points annually. Headquartered in San Jose, CA, RetailNext is a growing global brand operating in more than 20 countries across 5 continents. For more information, call +1-888-609-5877.
RetailNext Inc. and RetailNext are trademarks of RetailNext Inc. in the United States.