In the News

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

“Relying on set-it-and-forget-it type models may not be a good idea because your outcome may be completely wrong,” Inna Kuznetsova, CEO of 1010data, told Business Insider. ... Read more

Transaction data from U.S. credit and debit card usage compiled by 1010data show a collapse in spending on June 5, which is the last day of data that is available for that time series.... Read more

Hear findings from retail big data expert, Inna Kuznetsova, CEO of 1010data. Her retail analytics company has studied hundreds of millions of transactions worldwide, to yield patterns down to the shelf and SKU levels. Inna shares top-selling products and categories, plus key trends important to retailers of every size.... Read more

Retailers need to show every SKU for which they have “open to buy” and let shoppers decide how they want to buy… instantly or special order. At present we've acquiesced to Amazon, Wayfair and other "online-only" providers that together capture 63 percent of online furniture sales, according to data analytics firm 1010data, a company that tracks online sales via credit and debit card transitions.... Read more

Track 4: Emerging From COVID-19: Why Better Data Sharing between CPGs and Retailers is Critical

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

The top 50 beauty merchants make up a $27 billion pie, and a whopping 49% of it is controlled by Ulta and Sephora, according to data provided by market intelligence firm 1010data.... Read more

The recent surge in online deliveries of groceries and other items will ease as the economy reopens, but the longer-term shift from physical stores will accelerate, says Inna Kuznetsova, interim CEO of 1010data, a research and consulting firm. ... Read more

“Adjusting the business based on data becomes more critical than ever when consumer behavior changes as fast as it has during this crisis,” said Inna Kuznetsova, Interim CEO at 1010data.... Read more

According to Inna Kuznetsova, interim CEO of 1010data, online sales of anti-aging and moisturizer were up, as well as other more essential segments of beauty, including soap, shampoo and conditioner.... Read more

By leveraging new data from analytics platform 1010Data, today’s infographic dives into the credit and debit card spending of five million U.S. consumers over the past few months.... Read more