In the News

A typical Black Friday in previous years could equate to about an extra week of sales for some retailers, according to analytical intelligence firm 1010data. ... Read more

Inna Kuznetsova, CEO of 1010data, detailed the critical role data sharing between CPGs and retailers plays in predicting demand, understanding inventory levels at a store level and the role these play in adjusting supply chains on the fly.... Read more

Andy Mantis, head of data insights at 1010data, projects sales similar to last year's, since retailers are off to a good start. Mantis expects an increase in sales of Halloween masks and even holiday-themed hand sanitizers.... Read more

That aside, over the past decade, Amazon has been slowly building an online private label program across multiple categories. In 2019, this business grew 28%, generating sales of $1.3 billion, per Matt Pace, senior director, client insights and account management at 1010data, in the company’s “1010reveal” report.... Read more

“Viewing returns through the lens of profitability is a much better route to financial soundness than having a blanket approach to return policies,” said Andy Mantis, Head of Data Insights for 1010data. ... Read more

Our march toward automation in retail has been severely dampened by COVID-19. The economic lockdown meant a massive rethink in how consumers get what they need, which stole attention from  many of the novel solutions that were making their way to stores. Consequently, the rate of in-store implementations of (and investment in) new automative technologies has slowed, and it wasn’t just  limited store access.... Read more

“Volumes of returns are not overwhelming,” said Andy Mantis, Head of Data Insights for 1010data. Mantis analyzed the monthly dollar value of returns year-over-year (YOY) for several categories and found that “the dollar value of returns is still below prior years” as of July, although it was trending up.... Read more

Inna Kuznetsova, interim CEO of 1010data, reviews the COVID-19-related stock-outs witnessed as a result of sudden, unprecedented lurches in consumer demand, and discusses the critical role data sharing between CPGs and retailers will play in predicting demand, understanding inventory levels at a store level and the role these play in adjusting supply chains on the fly.... Read more

Aside from home improvement retailers and mass merchants, which were deemed essential and therefore could remain open during lockdowns, consumers were left with few options to purchase goods in the category as nonessential retailers temporarily shuttered their doors. But according to Andy Mantis, head of data insights at 1010data, the firm is "seeing that even as states are opening up, online is holding strong." Another thing to note, Kuznetsova said, is the growing trend of urban residents migrating to suburban or rural areas "with the possibility to work from anywhere and avoid the pains of a commute," adding that in these new homes, consumers oftentimes are forced to buy furniture to outfit those spaces.... Read more

In-store eating places and pop-up eating experiences, a mini-trend for luxurious manufacturers pre-Covid-19, are out. Restaurant, bar and lodge spending is down 31 p.c from January, in accordance to Opportunity Insights. And although LVMH is transferring forward with a lodge mission on Los Angeles’ Rodeo Drive, the journey class is moribund proper now. In the US, spending on flights has plunged 87 percent, in accordance to analytical intelligence agency 1010data.... Read more

Through the ongoing turmoil of the COVID-19 pandemic, companies have found themselves innovating at an unprecedented pace, whether to address surges in demand for certain products, or ways to get it where it was most needed, fastest. For example, in the thick of early shortages of personal protective equipment (PPE) for medical and other frontline workers, the American Hospital Association responded by partnering with Kaiser Permanente, Kearney and others, using artificial intelligence, predictive analytics and supply chain know-how to create HealthEquip, a platform that determined where PPE was most in demand and what logistics would get it there most expediently.... Read more

“With COVID-19, a lot of retail brands started looking at customer behavior in a more holistic way, encompassing online purchases and delivery, BOPIS and traditional in-store purchases,” said Inna Kuznetsova, CEO of 1010data in an interview with Retail TouchPoints.... Read more

While consumer spending is down 12.3% across all sectors from a year ago, data from 1010DATA based on credit/debit card use shows year-over-year spending increases for these categories in May and June 2020.... Read more