Global Leader in Access Solutions Adopts VELOCITY® for Major Retail Partners
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By Retail Velocity
Retail Velocity’s Retail Data Platform to Enable Daily Insights Into More Than 1,100 Stores Across 6 Major Retailers
ANN ARBOR, Mich. (Oct. 3, 2024) – Retail Velocity, a trailblazer and the industry leader in retail data collection, reporting and analytics for the consumer goods industry, announced today that the world’s leading provider of access solutions has adopted its VELOCITY® modern retail data platform to drive smarter business decisions with its major retail partners. This marks a significant step for the European-based company, with over $13 billion USD in sales, as it looks to deepen its understanding of sales and inventory activity across key retailers.
By implementing the cloud-based VELOCITY® platform, the global access solutions leader is set to enhance sales, revenue and operational efficiency by automatically ingesting, cleansing and harmonizing daily point-of-sale and inventory data from more than 1,100 stores across retailers like Amazon, Walmart, Costco, The Home Depot, RONA, and Canadian Tire Corporation. Furthermore, e-commerce data integration will offer a comprehensive, omnichannel view of the company's performance, a key driver in today’s retail landscape.
“The client recently acquired a leading hardware and home improvement division. This meant the company needed to quickly unify over 2,800 items and 5,700 SKUs, including currency and language conversions. By implementing and utilizing VELOCITY®, they will now swiftly gain actionable insights for strategic decision-making across sales, marketing, supply chain, and finance teams,” said John Rossi, CEO of Retail Velocity. “With a go-live that needed to happen in weeks, our frictionless data platform gives them the agility they need to optimize their new product portfolio, maximize sales, and accelerate growth with top retailers.”
The adoption of VELOCITY® is poised to empower the company with precise, real-time data, allowing it to make informed, data-driven decisions that can boost profitability and streamline operations across its retail partnerships.
For more information about Retail Velocity and its cutting-edge VELOCITY® platform, visit retailvelocity.com.
About Retail Velocity
For the past 30 years, Retail Velocity has been a trusted leader in providing consumer goods manufacturers with automated, reliable retail data solutions. Its VELOCITY® data platform seamlessly collects and integrates daily data from more than 650 retail data sources, including syndicated and third-party services, offering businesses a single, unified view of their retail sales and inventory. By leveraging timely, accurate retail data at an item and store level to derive actionable insights and greater business intelligence, brands can improve retailer collaboration, drive increased sell-through, reduce inefficiencies and achieve sustainable growth.
Media Contact:
Chris Spallino
Sr. Director of Marketing and Communications
chris.spallino@retailvelocity.com
734-263-2656
