Nuqleous, a leading provider of retail analytics solutions, is excited to announce the launch of its innovative Space Analytics Module. This advanced tool leverages planogram data to generate actionable insights, enabling recommendations to optimize shelf space and maximize product visibility and sales.
The Space Analytics Module is part of the Nuqleous analytics platform, providing users with a streamlined approach to managing and analyzing shelf layouts. The module integrates planogram files with POS or syndicated data to provide actionable insights.
“Our new Space Analytics Module provides category teams with a dynamic and intuitive way to analyze the effectiveness of their shelf assortment strategies,” said Bill Kloza, Co-CEO of Nuqleous. “By integrating planogram data with sales and store data, we’re helping category advisors and retail buyers unlock new opportunities to increase both sales and shopper satisfaction.”
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Key Insights and Capabilities
The Space Analytics Module comes equipped with a range of pre-built analytical features designed to help category teams gain a deeper understanding of how shelf space impacts sales for better forecasting and optimized assortment. Key capabilities include:
- Eye-Level Analysis: Understand the impact of product placement at adult versus child eye level to optimize visibility for target personas.
- Assortment Comparisons: Assess how the current product set performs compared to previous assortments, identifying areas for improvement.
- New Item Performance: Track the success of newly introduced products against those that were replaced, helping fine-tune assortment decisions.
- Space vs. Sales Share: Compare the share of shelf space occupied by a product with its share of total sales to ensure optimal allocation.
- Linear Space Analysis: Measure changes in linear shelf space versus prior assortments to evaluate shifts in shelf allocation.
- Distribution Change Review: Analyze the distribution adjustments between the current and previous product sets to identify potential gaps or gains.
The Space Analytics Module is designed to empower category teams with deep insights that drive impactful in-store decisions and elevate their approach to shelf management to ultimately increase sales.
SOURCE: PRNewswire