• Standing out amid thousands of submissions, RetailNext was named among Fast Company’s top 10 most innovative companies in the retail space. 

• In response to shifting consumer habits, RetailNext provided retailers with actionable insights that drove the industry toward a more consumer-centric future, benefiting brands and shoppers alike. 

• A testament to its innovation and efficacy, Retailnext grew its customer base by nearly 13% in 2023. 

Campbell, Calif. — (March 19, 2024) — RetailNext, recognized as "the pulse of the store" with its leading in-store analytics used by 450+ top retail brands, today announced it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. The full list of companies can be found here. 

Recognizing 606 organizations across 58 sectors and regions, this year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. 

“At a time where retailers are confronting countless challenges, from escalating costs in goods, rent, and labor, to an uptick in retail theft, being named by Fast Company as one of the World's Most Innovative Companies is particularly meaningful,” said Alexei Agratchev, co-founder and CEO of RetailNext. “We’ve worked tirelessly to not only understand the ever-evolving landscape but to anticipate what our customers will need to succeed. This award affirms that the work we’ve done to elevate the customer experience, optimize store operations and drive sales has paid off.” 

RetailNext has been a pioneer in applying the latest computer vision and AI technologies to solve the most difficult retail performance challenges. We’ve built our own flexible hardware sensor platform that enables us to continually add value through software updates: most recently, we enabled the ability to install the sensors at a tilt to measure a store’s passby foot traffic, offering actionable insights into the effectiveness of window displays, greeters, and other merchandising strategies. Our deep learning models are continuously improving to allow more customer behavior to be quantified in more situations. We are also leveraging the power of cloud computing to generate more value from existing sources of data: for example, we incorporate historical traffic and sales trends to predict what today’s performance should be, complete with specific recommendations for store staff to maximize the day’s opportunities.

Fast Company's editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. 

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”

About RetailNext

The first retail vertical IoT 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 450 retailers in over 95 countries have adopted RetailNext’s analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, reduce theft, and eliminate unnecessary costs. RetailNext is headquartered in Campbell, Calif.

Learn more at https://retailnext.net/.

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

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