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With fluctuating commodity prices, margins skating on thin ice and severe competition due to non-grocery players entering the field, food and grocery retail has become a tough business. Studies show that Stock outs account for 8% of Retail loss worldwide. Adding to the woes, grocers find it extremely challenging to keep shopper attrition in check.
Flooresense is Mindtree’s real time, video analytics solution. It eliminates friction points in a shopper’s journey, evaluates in-store sales promotion, and optimizes store operations using real-time Business Intelligence. This in turn, leads to enhanced in-store experience resulting in increased revenue.
