BI Insights

Multi-Channel Retail: Where Big Box Meets Big Data

22 July, 2014

Multi-Channel Retail: Where Big Box Meets Big Data

This is the second article of a two part series on the rise of multi-channel retailing and how traditional retailers can and are leveraging technology to maintain and/or increase market share.

The first article discussed the rise of ecommerce and looked at how traditional retailers, like Walmart, could leverage their existing investments in data warehousing tools, infrastructure, and distribution to secure their places in the retail markets of today and the future. Using existing strengths in distribution and production coordination, Walmart’s continued investment in ecommerce — $2.5 billion in 2014 and $2.9 billion in 2013 — should continue to reap considerable rewards for the world’s largest retailer, whose annual revenue reached nearly half a trillion dollars last year, or around as much as the entire countries of Belgium, Norway, or Sweden. Walmart.com’s 5 million unique products were $10.4 billion — or around .2 percent of that total. To grow that number, Walmart, and other brick-and-mortar retailers looking to grow their multi-channel distribution efforts, must innovate, just as their competition is doing.

Read full story

Related Articles

10 July, 2013

Big Data in the Supply Chain - Infographic

Publication: 2013 Supply Chain Big Data Report

Shared:

19 July, 2013

Big Data Is The Only Way To Compete With Google

Publication: All Things D

Shared:

12 December, 2013

Retailers Using Big Data: The Secret Behind Amazon And Nordstrom’s Success

Publication: Big Data News

Shared:

8 January, 2014

Amazon Kinesis Does Heavy-Lifting On Streaming, Big Data

Publication: GCN

Shared:

5 February, 2014

Amazon: Using Big Data Analytics To Read Your Mind

Publication: SmartData Collective

Shared:

The BI Guru
Presented by