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Understanding the retail crisis: Combating overstoring with data analytics
The combination of increased online competition and chronic overstoring is forcing physical retailers to rapidly transform their existing business models and channel mix.
Traditional tools of forecasting and modeling are failing for retailers evaluating long-term business strategies.
New analytical tools represent a largely untapped opportunity for retailers to create winning strategies to shed underperforming store locations, identify hidden growth opportunities, and improve financial performance of store networks.
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