Why count people?
Thursday, 18 December 2008
Visitor traffic is the most fundamental metrics to retail and it is largely unused. The traffic is the potential of a store - only the people that visit the store can make a purchase.
Day after day, hundreds or thousands of potential customers may visit a retail store and while the majority of these prospects make a purchase and are successfully converted into a customer, hundreds will leave without buying.
Measure Shopper Traffic
- Visitor traffic is considered to be the most accurate leading indicator of future sales.
- Retail research shows that a steady decline in foot traffic indicates that sales will similarly decline in 12 months.
- The foot traffic is the store's potential. Without precise data, it is impossible for a retail company to know its true potential.
How Traffic Measurements Can Improve Retail
- Allocate your staff effectively.
- Identify and reward high performing stores and employees.
- Comparing this year's results to last year's.
- Compare one store's ability to convert shoppers to buyers to another.
- Identify managers who meet conversion goals for promotion.
- Set goals and evaluate progress at under-performing stores.
TrueView™ Product Suite
TrueView™ is a software product suite that uses cameras to analyze and extract information about customer behavior automatically. It includes the well known TrueView People Counter™, the world's first camera embedded people counter.
For more information about TrueView People™ product suite, please visit Cognimatics website or contact us by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Merry Christmas and a Happy New Year!
Contact information
- Cognimatics AB
- www.cognimatics.com
- +46 46 286 31 20
- +46 46 286 86 03
- This e-mail address is being protected from spambots. You need JavaScript enabled to view it