Day #91- Retail Analytics - Data Mining / Analytics

Running a successful #Retail Store has a lot of Data Mining / Analytics challenges to solve and arrive at decisions based on data. Some of interesting Retail Data Mining / Analytics problems are

• What sells best in each store with item level details
• What are shopping time/routine for particular store
• Using web data identify the relevance of shopping district / retail environment
• What are money making items in the store (Quantity vs Price)
• What is Sales / Stock ratio?
• What is the forecast value of minimum orders for items in each store based on sales/traffic trends?
• What is the correlation between Loss items, Shopping days/periods / people movements?
• What is the retail price points identified based on End of Season Sales ?Forecasts / Predictions come as next steps after Data Analysis

Happy Analytics!!!