Building Contemporary Modeling Solutions
Advanced custom model development
We deliver actionable solutions utilizing industry leading systems.
Focus Areas of
Retail Scientifics
Site Selection
Choosing the next correct brick and mortar location is of utmost importance. These high risk decisions can be greatly improved through accurate forecasting of future locations
Market Capacity
Accurately predict how many locations your business can expect to open nationally and by market
White Space
Identifying granular geographic areas of potential new opportunity can narrow focus and return quicker results
Customer Lifecycle Management
Target the right customers, at the right time, with the right message, through the right vehicle to optimize spend
Cannibalization
Quantify the revenue impacts to each of your existing locations when opening a new location in the market
Site Analogs
Compare a potential new location to existing locations across a broad array of potential important variables
Marketing Mix Optimization
Allocate an optimal marketing budget across multiple channels by leveraging past marketing spend in a predictive model
Market Capacity
Accurately predict how many locations your business can expect to open nationally and by market
White Space
Identifying granular geographic areas of potential new opportunity can narrow focus and return quicker results
Customer Lifecycle Management
Target the right customers, at the right time, with the right message, through the right vehicle to optimize spend
Cannibalization
Quantify the revenue impacts to each of your existing locations when opening a new location in the market
Site Analogs
Compare a potential new location to existing locations across a broad array of potential important variables
Marketing Mix Optimization
Allocate an optimal marketing budget across multiple channels by leveraging past marketing spend in a predictive model
Forecasting
Utilize advanced time-series methodology to better predict where your KPIs will be heading in the future
Price Optimization
Set the optimal price by SKU controlling for customer demand, substitution, and competitor influences across all channels
Representative
Clients
Retail Scientifics works with a broad array of globally recognized companies as well as small growth businesses.
Examples are shown below:
Partners
Data
Leverage data from a variety of our partners including: Demographics, Point of Interest locations, Vehicle Traffic, Mobile Tracking, Weather, and more!
Private Equity Groups
We partner with a collection of private equity groups to help evaluate potential acquisitions and leverage internal data opportunities.
Software Providers
Our predictive models integrate into a variety of software providers. Options provide our clients with the greatest level of flexibiltiy.
Case Studies
Enjoy reading case studies of companies just like yours that are already enjoying our end-to-end services:
Boot Barn: New Location Site Selection
With over 200 locations in the United States, Boot Barn is one the countries premier western apparel and footwear retailers. With location expansion underway, the Boot Barn team desired to forecast the revenue of a new potential site opening more accurately.
Starbucks Forecasting: Weather Adjustments
Unexpected changes in weather often impact businesses in unanticipated ways. Anything from small temperature changes to large hurricanes can each have drastic effects to the performance of any particular location.
The Savers/Value Village Marketing Strategy: Direct Targeting Optimization
Savers, the thrift-store retailer, wanted to leverage their customer loyalty database to better contact their customers and donors with the right message at the right time.
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