From the Wires
Tyco Retail Solutions and RetailNext Team to Offer Comprehensive In-Store Analytics
By: Marketwired .
Jan. 14, 2013 06:30 AM
NEW YORK, NY -- (Marketwire) -- 01/14/13 -- NRF Big Show 2013 Booth #2611 -- Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions, today announced a key alliance with RetailNext, the leader in delivering in-store analytics. Tyco Retail Solutions will round out its existing embedded sensor-based Traffic Intelligence solutions by offering a suite of advanced traffic analytics provided by RetailNext's appliance-based system. Deployed at more than 80% of the top 200 retailers in the world, Tyco Retail Solutions will help extend the global footprint of RetailNext's comprehensive traffic analytics platform.
"The RetailNext alliance provides a natural extension to our unified solution for Electronic Article Surveillance (EAS), Traffic Intelligence, Inventory Intelligence and In-Store analytics," said Nancy Chisholm, vice president and general manager, Tyco Retail Solutions. "Our customers will now have more options for understanding how traffic impacts their businesses, and armed with the most sophisticated traffic analytics on the market, can focus on improving store operations and profitability."
The key alliance will extend the analytics capabilities of Tyco's TrueVUE Store Performance Platform to include:
"Retail is entering a new era, the Renaissance of the Store," said Greg Girard, Program Director at IDC Retail Insights. "Successful retailing now requires setting stores in the mainstream of omni-channel commerce as places where the consumer's digital and physical engagements with the brand converge. Instrumenting stores with video and other advanced analytics is emerging as a key capability for making this happen. Store analytics will soon be seen as the omni-channel complement to web analytics for customer-centric merchandising, customer service, and operations in stores."
"We're very pleased to partner with such an established, trusted solution provider to this industry," said Alexei Agratchev, CEO of RetailNext. "By offering the most comprehensive and feature rich in-store analytics available, our platform helps customers to increase sales, reduce theft, and ultimately improve the bottom line. This partnership will make it easier for more retailers to take advantage of these opportunities than ever before."
About Tyco Retail Solutions
Tyco Retail Solutions is a leading global provider of integrated retail performance and security solutions, deployed today at more than 80 percent of the world's top 200 retailers. Customers range from single-store boutiques to global retail enterprises. Operating in more than 70 countries worldwide, Tyco Retail Solutions provides retailers with real-time visibility to their inventory and assets to improve operations, optimize profitability and create memorable shopper experiences.
The Tyco Retail Solutions portfolio for retailers is sold direct through Tyco businesses and authorized business partners around the world. For more information, please visit www.tycoretailsolutions.com or visit www.YouTube.com/TycoRetailTV.
RetailNext is the leader in Applied Big Data for brick-and-mortar retail, delivering real-time analytics that enable retailers and manufacturers to monitor, collect, analyze, and visualize in-store data. The patent-pending solution uses best-in-class video analytics, Wi-Fi detection, on-shelf sensors and data from point-of-sale systems and other sources to automatically inform retailers about how people engage with their stores. The highly scalable RetailNext platform easily integrates with promotional calendars, staffing systems, and even weather services to analyze how internal and external factors impact customer shopping patterns -- providing store operations executives with the ability to identify opportunities for growth, execute changes, and measure success.
Headquartered in San Jose, CA, RetailNext is a growing global brand operating in more than 20 countries. For more information, call +1-888-609-5877.
TYCO, TrueVUE, and the product names listed in this document are marks and/or registered marks. Unauthorized use is strictly prohibited.
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