Retail Insight

Retail Insight selected to improve Sprouts' product availability and sales performance across its 380 stores.

“Leading retailers like Sprouts are looking to proactively address product availability and adapt to a new era of retail,” says Paul Boyle, CEO at Retail Insight. "We are very excited to support Sprouts through a data-driven approach to measuring and improving product availability and as such in driving customer satisfaction and future growth for the company."

Sprouts partner with Retail Insight to maximize on-shelf availability Retail Insight selected to improve Sprouts' product availability and sales performance across its 380 stores.

The supply chain disruptions affecting the UK retail market prompted Xander Friedländer,
Chief Analyst at Retail Insight, to have another think about shrink.

There are many elements of retail shrink, or rather their knock-on effects, that are barely discussed and yet they represent a significant opportunity to reduce costs as well as recover the all-important margin.

Fixing these problems will in turn deliver a more rounded customer service and help meet ESG objectives that are of growing reputational importance.

Rethink Shrink | The impact of a bad count Phantom inventory is caused by a poor process that leverages inherently flawed data that subsequently impacts availability through inaccurate forecasting.

Why has there been so little progress with regard to tackling on-shelf availability when the solution is relatively simple in concept?

First, measure your availability performance to provide visibility, and transparency, and drive accountability for the results.

Then, use this visibility to identify the key issues and make the major interventions required to ensure enough of the products that shoppers want to buy are stocked on the shelves where they expect to find them.

The retailers using this approach better than their competitors are already winning and the prize is huge.

According to research from IHL Group, the cost to the global retail sector caused by problems with on-shelf availability is around $634 billion per year.

Are you ready to transform your product availability?

Availability transformed: OSA for retail Discover the steps that retailers can take to better measure availability and make sure that enough of the right products are in stock on the shelves.