According to a survey conducted in late 2023, roughly ********** of small business retailers increased the prices of their goods in response to theft at their company, making it the most common measure taken against retail theft. A large share of small business owners also installed security cameras and motion sensors, or implemented background checks on new hires.
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Value and volume of retail sales broken down by size of business
According to a late 2023 survey on retail theft, approximately one in five small business retailers experience theft a few times a week. Nearly 15 percent of surveyed small business owners said retail theft occurs within their store(s) every day.
In 2023, approximately one in four small business retailers estimated that they lose between 1,501 and 2,000 U.S. dollars to retail theft every month. Only four percent of small business owners surveyed said they lost less than 500 dollars a month.
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Please provide the Department of Statistics of the Ministry of Economic Affairs with the annual operation status survey of the retail industry, including the operating income and operating profit of comprehensive merchandise retail industry.
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Number of Businesses statistics on the Retail Trade industry in United States
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The Data Analytics in Retail Industry is segmented by Application (Merchandising and Supply Chain Analytics, Social Media Analytics, Customer Analytics, Operational Intelligence, Other Applications), by Business Type (Small and Medium Enterprises, Large-scale Organizations), and Geography. The market size and forecasts are provided in terms of value (USD billion) for all the above segments.
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The global retail business management software market is projected to reach a value of $1,196.7 million by 2033, exhibiting a CAGR of 7.5% during the forecast period (2025-2033). The market growth is primarily driven by the increasing adoption of cloud-based solutions, rising need for real-time inventory management, and growing demand for data analytics to enhance customer experience. Key trends shaping the market include the integration of artificial intelligence (AI) and machine learning (ML) for advanced data analysis, the shift towards omnichannel retailing, and the increasing use of mobile devices for in-store operations. The North American region is expected to hold a significant market share due to the presence of a large number of retail businesses and a high adoption rate of technology. The Asia Pacific region is projected to witness the highest growth rate, driven by the rapidly expanding retail sector in countries such as China and India. Major players in the market include HotSchedules, Applied Predictive Technologies, BayBridgeDigital, and Computer Resource Center, among others. These companies are focusing on offering comprehensive solutions that meet the evolving needs of retail businesses, such as inventory management, customer relationship management (CRM), and point-of-sale (POS) systems.
There were estimated to be approximately ******* small-sized enterprises operating in the wholesale and retail trade sector in the European Union in 2024, the most of any industry sector in this size-band in this year.
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The market for small businesses network monitoring tools is poised for significant growth over the next decade. In 2023, the market was valued at XXX million and is projected to reach XXX million by 2033, exhibiting a CAGR of XX% during the forecast period. This growth can be attributed to the increasing number of small businesses, the growing adoption of cloud-based services, and the increasing need for security and compliance. Small businesses are becoming increasingly reliant on their networks to conduct business, and they need to ensure that their networks are up and running at all times. Network monitoring tools can help small businesses identify and resolve network issues quickly and efficiently, minimizing downtime and lost productivity. The market for small businesses network monitoring tools is segmented by type, application, and region. By type, the market is segmented into traffic monitoring tools, device monitoring tools, security monitoring tools, and others. Traffic monitoring tools are the most popular type of network monitoring tool, followed by device monitoring tools and security monitoring tools. By application, the market is segmented into retail, food & beverage, medical, and others. The retail industry is the largest application segment, followed by the food & beverage industry and the medical industry. By region, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. North America is the largest regional market, followed by Europe and Asia Pacific.
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Global Retail market size is expected to reach $46776.2 billion by 2029 at 7.6%, segmented as by type, motor vehicle and parts dealers, food and beverage stores, gasoline stations, miscellaneous store retailers, cosmetics and personal care stores
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The U.S. tariffs on imported digital receipt software and hardware have impacted the digital receipts in retail market, especially in the software segment, where many leading companies are based overseas. The tariffs have increased production costs, which could lead to higher prices for digital receipt solutions, especially for small retailers who may struggle with the added expenses.
U.S. companies in this sector have been forced to explore alternative suppliers or local manufacturing options to mitigate these tariff impacts. However, the increasing demand for digital receipts, driven by consumer preferences for e-receipts and personalized engagement, is expected to offset the negative impacts of tariffs in the long run.
The U.S. market, valued at USD 286.8 million in 2024, continues to show strong growth despite these challenges, with a CAGR of 4%. The U.S. tariff impact is felt most strongly in the software segment, where approximately 25-30% of the market depends on imported components.
The U.S. tariffs have impacted approximately 25-30% of the digital receipt software market, which relies heavily on imported components, particularly from Asia and Europe.
➤➤➤ Get More Detailed Insights about US Tariff Impact @ https://market.us/report/digital-receipts-in-retail-market/free-sample/
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According to Cognitive Market Research, the global Artificial Intelligence in Retail market size is USD 4951.2 million in 2023and will expand at a compound annual growth rate (CAGR) of 39.50% from 2023 to 2030.
Enhanced customer personalization to provide viable market output
Demand for online remains higher in Artificial Intelligence in the Retail market.
The machine learning and deep learning category held the highest Artificial Intelligence in Retail market revenue share in 2023.
North American Artificial Intelligence In Retail will continue to lead, whereas the Asia-Pacific Artificial Intelligence In Retail market will experience the most substantial growth until 2030.
Enhanced Customer Personalization to Provide Viable Market Output
A primary driver of Artificial Intelligence in the Retail market is the pursuit of enhanced customer personalization. A.I. algorithms analyze vast datasets of customer behaviors, preferences, and purchase history to deliver highly personalized shopping experiences. Retailers leverage this insight to offer tailored product recommendations, targeted marketing campaigns, and personalized promotions. The drive for superior customer personalization not only enhances customer satisfaction but also increases engagement and boosts sales. This focus on individualized interactions through A.I. applications is a key driver shaping the dynamic landscape of A.I. in the retail market.
January 2023 - Microsoft and digital start-up AiFi worked together to offer Smart Store Analytics. It is a cloud-based tracking solution that helps merchants with operational and shopper insights for intelligent, cashierless stores.
Source-techcrunch.com/2023/01/10/aifi-microsoft-smart-store-analytics/
Improved Operational Efficiency to Propel Market Growth
Another pivotal driver is the quest for improved operational efficiency within the retail sector. A.I. technologies streamline various aspects of retail operations, from inventory management and demand forecasting to supply chain optimization and cashier-less checkout systems. By automating routine tasks and leveraging predictive analytics, retailers can enhance efficiency, reduce costs, and minimize errors. The pursuit of improved operational efficiency is a key motivator for retailers to invest in AI solutions, enabling them to stay competitive, adapt to dynamic market conditions, and meet the evolving demands of modern consumers in the highly competitive artificial intelligence (AI) retail market.
January 2023 - The EY Retail Intelligence solution, which is based on Microsoft Cloud, was introduced by the Fintech business EY to give customers a safe and efficient shopping experience. In order to deliver insightful information, this solution makes use of Microsoft Cloud for Retail and its technologies, which include image recognition, analytics, and artificial intelligence (A.I.).
Market Dynamics of the Artificial Intelligence in the Retail market
Data Security Concerns to Restrict Market Growth
A prominent restraint in Artificial Intelligence in the Retail market is the pervasive concern over data security. As retailers increasingly rely on A.I. to process vast amounts of customer data for personalized experiences, there is a growing apprehension regarding the protection of sensitive information. The potential for data breaches and cyberattacks poses a significant challenge, as retailers must navigate the delicate balance between utilizing customer data for AI-driven initiatives and safeguarding it against potential security threats. Addressing these concerns is crucial to building and maintaining consumer trust in A.I. applications within the retail sector.
Impact of COVID–19 on the Artificial Intelligence in the Retail market
The COVID-19 pandemic significantly influenced artificial intelligence in the retail market, accelerating the adoption of A.I. technologies across the industry. With lockdowns, social distancing measures, and a surge in online shopping, retailers turned to A.I. to navigate the challenges posed by the pandemic. AI-powered solutions played a crucial role in optimizing supply chain management, predicting shifts in consumer behavior, and enhancing e-commerce experiences. Retailers lever...
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The global POS systems for small business market size is projected to grow from USD 13.3 billion in 2023 to approximately USD 23.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period. This robust growth can be attributed to the increasing adoption of advanced POS systems by small businesses worldwide, driven by the need for efficient transaction management, enhanced customer experience, and streamlined operations. The evolution of technology, specifically in areas such as cloud computing and mobile payment integration, is significantly contributing to the market's expansion, as small businesses are keen to leverage these innovations to improve their competitive edge.
One of the primary growth factors fueling the demand for POS systems among small businesses is the ongoing digital transformation across various sectors. As businesses strive to modernize their operations, there is a noticeable shift towards digital payment methods, prompting small business owners to adopt POS systems that offer seamless integration with these new payment technologies. This is particularly relevant in the retail and hospitality industries, where transactions need to be quick, efficient, and user-friendly. POS systems provide small businesses with the tools to meet these requirements, thereby enhancing customer satisfaction and loyalty.
Another significant growth driver is the growing necessity for data-driven decision-making in small business operations. POS systems are not only transaction facilitators but also powerful data collection tools that offer insights into sales trends, customer preferences, and inventory management. This data can be invaluable for small business owners, who often operate with limited resources and need to make strategic decisions to optimize their operations. By implementing POS systems, small businesses can gain access to real-time analytics and reports, enabling them to make informed decisions that drive growth and profitability.
The increasing affordability and accessibility of POS system solutions are also key factors contributing to market growth. As technology advances, the cost of deploying sophisticated POS systems has decreased, making them more accessible to small businesses with tight budgets. Moreover, the availability of flexible deployment modes, such as cloud-based solutions, allows small businesses to implement these systems without significant upfront investment. These cloud-based systems also offer scalability and flexibility, which are crucial for small businesses that anticipate growth and changes in their operational needs.
The North American region is anticipated to dominate the POS systems market for small businesses, accounting for the largest regional market share throughout the forecast period. This dominance is primarily due to the region's early adoption of advanced technologies and the presence of a substantial number of small businesses seeking efficient transaction solutions. The U.S., in particular, is a major contributor to this growth, driven by the increasing preference for cashless transactions and the implementation of mobile payment solutions by small enterprises.
In the Asia Pacific region, the market for POS systems in small businesses is expected to exhibit the highest CAGR, bolstered by rapid industrialization and the burgeoning retail sector. Countries like China and India, with their vast populations and rapidly growing economies, are witnessing a surge in small and medium-sized enterprises (SMEs) adopting POS systems to enhance their operational efficiencies. The increasing penetration of smartphones and the internet, coupled with rising consumer awareness about digital payments, are further propelling the market growth in this region.
Europe is also projected to experience significant growth in the POS systems market for small businesses, driven by regulatory frameworks promoting digital transactions and the strong focus on enhancing customer experience in sectors like hospitality and retail. Countries such as Germany, the UK, and France are leading this trend, with small businesses continually investing in modern POS solutions to keep pace with evolving consumer expectations. The focus on data security and compliance with GDPR regulations is also encouraging small businesses to adopt POS systems that offer robust security features.
Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades Sector - Table 630-76023 : Principal Statistics for All Establishments by Industry Grouping (Incorporating Depreciation and Amortisation) (Import/Export, Wholesale and Retail Trades Sector)
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E-commerce has become a new channel to support businesses development. Through e-commerce, businesses can get access and establish a wider market presence by providing cheaper and more efficient distribution channels for their products or services. E-commerce has also changed the way people shop and consume products and services. Many people are turning to their computers or smart devices to order goods, which can easily be delivered to their homes.
This is a sales transaction data set of UK-based e-commerce (online retail) for one year. This London-based shop has been selling gifts and homewares for adults and children through the website since 2007. Their customers come from all over the world and usually make direct purchases for themselves. There are also small businesses that buy in bulk and sell to other customers through retail outlet channels.
The data set contains 500K rows and 8 columns. The following is the description of each column. 1. TransactionNo (categorical): a six-digit unique number that defines each transaction. The letter “C” in the code indicates a cancellation. 2. Date (numeric): the date when each transaction was generated. 3. ProductNo (categorical): a five or six-digit unique character used to identify a specific product. 4. Product (categorical): product/item name. 5. Price (numeric): the price of each product per unit in pound sterling (£). 6. Quantity (numeric): the quantity of each product per transaction. Negative values related to cancelled transactions. 7. CustomerNo (categorical): a five-digit unique number that defines each customer. 8. Country (categorical): name of the country where the customer resides.
There is a small percentage of order cancellation in the data set. Most of these cancellations were due to out-of-stock conditions on some products. Under this situation, customers tend to cancel an order as they want all products delivered all at once.
Information is a main asset of businesses nowadays. The success of a business in a competitive environment depends on its ability to acquire, store, and utilize information. Data is one of the main sources of information. Therefore, data analysis is an important activity for acquiring new and useful information. Analyze this dataset and try to answer the following questions. 1. How was the sales trend over the months? 2. What are the most frequently purchased products? 3. How many products does the customer purchase in each transaction? 4. What are the most profitable segment customers? 5. Based on your findings, what strategy could you recommend to the business to gain more profit?
Mexico Retail Market Size 2024-2028
The mexico retail market size is forecast to increase by USD 78.49 billion, at a CAGR of 4.5% between 2023 and 2028.
The market is witnessing significant growth, driven by the influx of numerous retail stores and innovative packaging and marketing initiatives by prominent companies. This dynamic market environment presents both opportunities and challenges for retailers. On the one hand, the increasing competition necessitates continuous innovation and differentiation to capture consumer attention. Retailers are investing in unique product offerings, enhanced shopping experiences, and creative marketing strategies to stand out from the crowd. Additionally, the adoption of technology, such as mobile payments and e-commerce platforms, is becoming increasingly common, providing new avenues for growth. On the other hand, issues related to logistics and supply chain operations pose significant challenges. Mexico's complex geography and infrastructure can make distribution and delivery difficult and costly, particularly for perishable goods. Retailers must navigate these obstacles to ensure timely and cost-effective delivery, while also maintaining the quality and freshness of their products. In conclusion, the market is characterized by a competitive landscape and a growing consumer base. Retailers seeking to succeed in this market must focus on innovation, differentiation, and effective logistics management to capitalize on opportunities and overcome challenges. By staying agile and responsive to changing market conditions, retailers can thrive in this dynamic and exciting market.
What will be the size of the Mexico Retail Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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In Mexico's retail market, payment systems continue to evolve, with contactless and digital payments gaining traction. Retail infrastructure development remains a priority, shaping store locations and shopping habits. Consumer preferences shift towards convenience and personalized experiences, driving retail innovation and technological disruption. Risk management and retail metrics are crucial for competitive analysis, as market penetration and price elasticity impact sales growth. Emerging technologies, such as augmented reality and artificial intelligence, reshape retail partnerships and product differentiation strategies. Lease agreements and import duties pose challenges for retailers, requiring careful consideration in business decisions. Labor costs, consumer confidence, and the retail workforce are essential retail metrics, impacting brand loyalty and store expansion plans. E-commerce security and data privacy concerns persist, necessitating robust risk management strategies. Supply chain resilience and disaster recovery plans are essential for business continuity in the face of economic factors and population demographics. Crisis management and crisis communication are vital skills for retailers in a volatile market. Private label brands and income distribution patterns influence consumer behavior and economic trends. Retail real estate and population demographics shape store expansion plans, while crisis management and business continuity plans ensure operational resilience.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductPFD and AB and TPPersonal and household careAF and AElectrical and electronicsOthersDistribution ChannelOfflineOnlineGeographyNorth AmericaMexico
By Product Insights
The pfd and ab and tp segment is estimated to witness significant growth during the forecast period.
The Mexican retail market is witnessing significant developments in various sectors, including packaged food and drinks, alcoholic beverages, and tobacco products. The upward trend in commodity prices is driving growth in these categories. Consumers' increasing preference for imported goods, particularly processed foods, is expected to result in the highest growth rate during the forecast period. Mini marts are gaining popularity in both big cities and small towns, primarily selling instant food and beverage products. Ready-to-eat food products have seen a surge in sales, leading manufacturers to launch and promote healthier options. In the realm of technology, energy efficiency, fraud prevention, and point-of-sale systems are essential for retailers. Supply chain sustainability and ethical sourcing are becoming crucial factors in consumer decision-making. Social media marketing and digital marketing are essential tools for retailers to engage with customers and build loya
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Business Analytics Market was valued at USD 84.42 Billion in 2024 and is projected to reach USD 176.14 Billion by 2031, growing at a CAGR of 9.63% from 2024 to 2031.
Global Business Analytics Market Drivers
The market drivers for the Business Analytics Market can be influenced by various factors. These may include:
Growing Adoption of Big Data Analytics: In order to extract meaningful insights from their data, organizations are progressively using big data analytics in response to the exponential expansion of data. Making educated decisions through data analysis is facilitated by business analytics. Growing Need for Data-driven Decision Making: In order to obtain a competitive edge, businesses are realizing the significance of data-driven decision making. The methods and instruments for data analysis and significant insights extraction for improved decision-making are offered by business analytics. Growing Need for Predictive and Prescriptive Analytics: Predictive and prescriptive analytics are becoming more and more in demand as a means of projecting future trends and results. Businesses can use business analytics to prescribe activities to achieve desired outcomes and forecast future outcomes based on previous data. Growing Emphasis on Customer Analytics: As e-commerce and digital marketing gain traction, companies are putting more of an emphasis on comprehending the behavior and preferences of their customers. In order to increase consumer engagement and personalize marketing efforts, business analytics is used to analyze customer data. Emergence of Advanced Technologies: The use of advanced analytics solutions is being propelled by developments in fields like artificial intelligence (AI), machine learning (ML), and natural language processing (NLP). Businesses may now analyze data more effectively and gain deeper insights thanks to these technologies. Operational Efficiency and Cost Optimization Are Necessary: Companies are always under pressure to increase operational efficiency and reduce costs. Business analytics promotes market expansion by assisting in the identification of opportunities for process and cost-cutting enhancements. Compliance and Regulatory Requirements: The use of business analytics solutions for risk management and compliance reporting is being fueled by the growing regulatory requirements in a number of industries, including healthcare, banking, and retail.
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The Taiwan retail industry, spanning from traditional brick-and-mortar stores to rapidly expanding e-commerce platforms, presents a dynamic landscape. Analyzing the period from 2019 to 2033, we observe consistent growth, although the rate fluctuates based on economic conditions and consumer behavior. The base year of 2025 provides a crucial benchmark for forecasting future performance. Considering a plausible market size of $100 billion USD (a reasonable estimate given the size of the Taiwanese economy and retail sector) in 2025, and assuming a conservative Compound Annual Growth Rate (CAGR) of 4% (reflecting both economic growth and evolving consumer preferences), the market is projected to reach approximately $117 billion USD by 2033. This growth is fueled by several factors, including rising disposable incomes, a growing young population increasingly engaged with online shopping, and the continuous influx of foreign brands seeking to tap into the Taiwanese market. However, challenges persist. Competition from both domestic and international players remains fierce, requiring retailers to continuously innovate and adapt their strategies to meet evolving customer expectations. Furthermore, the impact of global economic fluctuations and supply chain disruptions could influence growth trajectories. The future of the Taiwan retail industry hinges on the successful integration of online and offline channels (omni-channel strategies), personalized customer experiences, and the adoption of advanced technologies such as artificial intelligence and big data analytics for improved efficiency and customer engagement. The industry's ability to harness these technological advancements will be pivotal in maintaining its growth momentum and competitiveness in the long term. Government policies aimed at boosting domestic consumption and supporting small and medium-sized enterprises (SMEs) also play a significant role in shaping the overall industry landscape. A focus on sustainability and ethical sourcing will increasingly resonate with environmentally and socially conscious consumers, presenting opportunities for businesses to differentiate themselves. Recent developments include: In January 2021, Bolttech expanded in Taiwan via a device protection partnership with Samsung. Its latest partnership with Samsung in Taiwan includes arranging for mobile device protection to owners of new Samsung Galaxy smartphones and tablets through the Samsung Care+ program., In November 2020, Foodpanda expanded its e-commerce with more than 2,500 7-Eleven stores across Singapore, Malaysia, Taiwan, and the Philippines. With this partnership, Foodpanda brings hundreds of 7-Eleven items, including hot food, ready-to-eat instant meals, snacks and alcohol, and even pre-paid mobile phone cards, to customers' hands within an average delivery time of 20 minutes. Deliveries can be made anytime, anywhere, 24*7 via Foodpanda.. Notable trends are: Consumer Confidence to Strengthen on Minimum Wage Hike..
Envestnet®| Yodlee®'s Retail Sales Data (Aggregate/Row) Panels consist of de-identified, near-real time (T+1) USA credit/debit/ACH transaction level data – offering a wide view of the consumer activity ecosystem. The underlying data is sourced from end users leveraging the aggregation portion of the Envestnet®| Yodlee®'s financial technology platform.
Envestnet | Yodlee Consumer Panels (Aggregate/Row) include data relating to millions of transactions, including ticket size and merchant location. The dataset includes de-identified credit/debit card and bank transactions (such as a payroll deposit, account transfer, or mortgage payment). Our coverage offers insights into areas such as consumer, TMT, energy, REITs, internet, utilities, ecommerce, MBS, CMBS, equities, credit, commodities, FX, and corporate activity. We apply rigorous data science practices to deliver key KPIs daily that are focused, relevant, and ready to put into production.
We offer free trials. Our team is available to provide support for loading, validation, sample scripts, or other services you may need to generate insights from our data.
Investors, corporate researchers, and corporates can use our data to answer some key business questions such as: - How much are consumers spending with specific merchants/brands and how is that changing over time? - Is the share of consumer spend at a specific merchant increasing or decreasing? - How are consumers reacting to new products or services launched by merchants? - For loyal customers, how is the share of spend changing over time? - What is the company’s market share in a region for similar customers? - Is the company’s loyal user base increasing or decreasing? - Is the lifetime customer value increasing or decreasing?
Additional Use Cases: - Use spending data to analyze sales/revenue broadly (sector-wide) or granular (company-specific). Historically, our tracked consumer spend has correlated above 85% with company-reported data from thousands of firms. Users can sort and filter by many metrics and KPIs, such as sales and transaction growth rates and online or offline transactions, as well as view customer behavior within a geographic market at a state or city level. - Reveal cohort consumer behavior to decipher long-term behavioral consumer spending shifts. Measure market share, wallet share, loyalty, consumer lifetime value, retention, demographics, and more.) - Study the effects of inflation rates via such metrics as increased total spend, ticket size, and number of transactions. - Seek out alpha-generating signals or manage your business strategically with essential, aggregated transaction and spending data analytics.
Use Cases Categories (Our data provides an innumerable amount of use cases, and we look forward to working with new ones): 1. Market Research: Company Analysis, Company Valuation, Competitive Intelligence, Competitor Analysis, Competitor Analytics, Competitor Insights, Customer Data Enrichment, Customer Data Insights, Customer Data Intelligence, Demand Forecasting, Ecommerce Intelligence, Employee Pay Strategy, Employment Analytics, Job Income Analysis, Job Market Pricing, Marketing, Marketing Data Enrichment, Marketing Intelligence, Marketing Strategy, Payment History Analytics, Price Analysis, Pricing Analytics, Retail, Retail Analytics, Retail Intelligence, Retail POS Data Analysis, and Salary Benchmarking
Investment Research: Financial Services, Hedge Funds, Investing, Mergers & Acquisitions (M&A), Stock Picking, Venture Capital (VC)
Consumer Analysis: Consumer Data Enrichment, Consumer Intelligence
Market Data: AnalyticsB2C Data Enrichment, Bank Data Enrichment, Behavioral Analytics, Benchmarking, Customer Insights, Customer Intelligence, Data Enhancement, Data Enrichment, Data Intelligence, Data Modeling, Ecommerce Analysis, Ecommerce Data Enrichment, Economic Analysis, Financial Data Enrichment, Financial Intelligence, Local Economic Forecasting, Location-based Analytics, Market Analysis, Market Analytics, Market Intelligence, Market Potential Analysis, Market Research, Market Share Analysis, Sales, Sales Data Enrichment, Sales Enablement, Sales Insights, Sales Intelligence, Spending Analytics, Stock Market Predictions, and Trend Analysis
According to a survey conducted in late 2023, roughly ********** of small business retailers increased the prices of their goods in response to theft at their company, making it the most common measure taken against retail theft. A large share of small business owners also installed security cameras and motion sensors, or implemented background checks on new hires.