#blackfriday #consumerdata advise
Unlocking Black Friday Success with Consumer Data As Black Friday approaches, retailers scramble to gather and analyze consumer data, seeking insights into purchase patterns, preferences, and behaviors. This valuable information holds the key to crafting effective marketing campaigns, optimizing product assortments, and delivering exceptional customer experiences. Here are the top three consumer data points to prioritize for Black Friday success: 1. Consumer Preferences: Known your customers and consumer preferences. Chewy.com does this extremely well... they know my pet(s) names, DOB, and illnesses. How? Because they ask > and more importantly they use the data as a core asset in the way they interact with me, the customer. 2. Customer Feedback: Gather insights from surveys, reviews, and social media interactions to understand customer satisfaction levels, pain points, and product suggestions. De-silo the data - via easy to use dashboards! From the C-Suite to Cashier - make sure that your team is in lockstep in understanding YOUR CUSTOMER. 3. Know Your Business: Have a merchandising strategy that aligns with positive EBITDA outcomes. Any retailer can "sell", but many find it difficult to optimize for margin. This is where points #1 and #2 come in above. By harnessing the power of consumer data, retailers can transform Black Friday into a profitable and customer-centric event. #consumerdata #CMO #retail #blackfriday CC Anthony Buonopane Zack Hamilton 👟 Paul Raffin