SAN JOSE, Calif. – August 19, 2020 – RetailNext Inc., the worldwide expert and market leader in smart store retail analytics for optimizing shopper experiences at brick-and-mortar retail stores, today announced the launch of their Video Management 2.0 platform, adding several features to its standard video management capabilities, allowing retailers, quick service restaurants, and other venues to optimize budgets without forsaking capabilities. By combining cloud-based video management with POS-based exception reporting, security events, remote observation and video snapshots, users are able to eliminate the friction and unnecessary cost of managing and deploying disparate systems. This all-in-one solution is ideal for meeting for today’s expanding needs at a price point that delivers fast ROI.
The coronavirus related store closures have highlighted the need for the integrated functionality that the RetailNext solution delivers, as noted by the fast-growing brand, Faherty. “During the recent Covid-19 related store shutdowns, we had an incident at a store that needed investigation. The RetailNext system allowed us to quickly isolate the relevant video and resolve the case. With the ease of use, affordability and incredible functionality, we have decided to add the Video Management 2.0 platform to all new stores as our Loss Prevention Solution,” said Caroline Hatfield, Retail Operations Manager at Faherty Brand.
RetailNext has fast-tracked release of its Video Management 2.0 platform in the time of COVID-19, along with other key capabilities such as occupancy, because of the tremendous pressure on retailers to manage a whole host of new requirements, many from at home locations, leaving less time and resources for management of day-to-day operations. This all-in-one solution set allows companies to gain full visibility into their fleets through desktop and mobile application for remote observation, giving businesses flexibility to conduct remote audits to address Covid-19 reopening requirements, health and safety guidelines and many other use cases. The RetailNext platform also allows for reuse of existing camera infrastructure in most cases, giving locations this enhanced capability without extensive hardware requirements.
“Enhancing these core features and providing them in a bundle so they may be used fluidly as the environments change across geographies was critical to addressing the realities of the Covid-19 pandemic. We are pleased to support this product with affordable pricing that meets this moment,” said Vedrana Novosel, Director of Product Management at RetailNext.
The first technology platform to bring e-commerce style shopper analytics to brick-and-mortar stores, brands and malls, RetailNext is a pioneer in focusing entirely on optimizing the shopper experience. Through its centralized SaaS platform, RetailNext automatically collects and analyzes shopper behavior data, providing retailers with insight to improve the shopper experience in real time.
More than 500 retailers in over 90 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, mitigate risks and eliminate unnecessary costs. RetailNext is headquartered in San Jose, CA. Learn more at www.retailnext.net.