Retail Analytics Software

TrustRadius Top Rated for 2024

Top Rated Products

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1
Spotfire

Spotfire® is a data visualization platform that utilizes predictive analytics. In addition to data viz, it includes data wrangling capabilities, predictive analytics, location analytics, and real-time streaming analytics. Spotfire® is a business unit of Cloud Software Group, formerly…

2
Looker

Looker is a BI application with an analytics-oriented application server that sits on top of relational data stores. It includes an end-user interface for exploring data, a reusable development paradigm for data discovery, and an API for supporting data in other systems.

All Products

(1-25 of 61)

1
Spotfire

Spotfire® is a data visualization platform that utilizes predictive analytics. In addition to data viz, it includes data wrangling capabilities, predictive analytics, location analytics, and real-time streaming analytics. Spotfire® is a business unit of Cloud Software Group, formerly…

2
Looker

Looker is a BI application with an analytics-oriented application server that sits on top of relational data stores. It includes an end-user interface for exploring data, a reusable development paradigm for data discovery, and an API for supporting data in other systems.

3
Board

BOARD is a business decision-making platform for organizations of any size. BOARD hosts several business modeling, planning, and analysis all in one cloud-based platform.

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4
Sisense

Sisense is a BI software and analytics platform. With what the vendor calls their In-Chip™ and Single Stack™ technologies, users have access to a comprehensive tool to analyze and visualize large, disparate data sets without IT resources.

5
MicroStrategy Analytics

MicroStrategy Analytics is an enterprise business analytics and mobility platform. Key features include automatic big data analysis and reporting, data discovery and visualization, digital security credentials, and support for mobile devices.

6
Lightspeed Retail

Lightspeed Retail is a retail PoS system from Lightspeed headquartered in Quebec. Core retail POS features are expanded on higher service tiers with ecommerce option and payments gateway, an accounting system, and a customer loyalty program.

7
Purple WiFi

Purple WiFi in the UK offers wi-fi hotspot technology.

8
IQmetrix

Vancouver-based IQmetrix offers their retail management system (RMS), supporting the telecom industry with point-of-sale (PoS), inventory management, CRM, and other features.

9
retailMetrix

RetailMetrix is a data analytics platform for retailers with the mission of enabling retailers to get value from their data. RetailMatrix processes and stores sales, labor and customer data using data warehouse technologies. Its dashboards and reports allows team to find the data…

10
Epos Now

Epos Now, headquartered in Norwich, offers their cloud-based point-of-sale software and integrated hardware systems, configurable to meet the needs of retail and hospitality and available for a single up front payment or at a monthly cost.

11
Vividly

Cresicor is a trade promotion management (TPM) software built by and for the consumer-packaged-goods industry (CPG), from the company of the same name in San Francisco. From campaign creation to deductions management and promotion measurement, the solution is designed to help brands…

12
DataWeave

DataWeave is a digital commerce analytics SaaS platform that enables consumer brands and retailers to grow revenue and margins across online channels, from the company headquartered in Bangalore. DataWeave's revenue optimization solutions help them expand market share and compete…

13
Pricer24
0 reviews

Pricer24 is an Enterprise SaaS BI-solution for category managers of brands and online stores. The company provides clients with a platform that offers insights on the pricing, promotional status, and reviews of products where they can organize large data sets to compare and contrast…

14
comerzzia Involve

comerzzia Involve CRM is an independent module of providing Customer Analytics for retail that allows customizing sales strategies and communication to consumers. Through Big Data applied to retail, in an automated and planned way, the business strategy is executed and strengthened…

15
VUSION Retail IoT Cloud

SES-imagotag partners with retailers for the use of digital technology in stores. SES-imagotag offers smart digital labels and pricing automation, develops an IoT and digital platform that delivers a complete set of services to retailers. The SES-imagotag solution enables retailers…

16
Shelf IQ
0 reviews

Shelf IQ® presents a solution for automating space planning activities. With a no-code interface, Shelf IQ® is designed to make space planning easier. With just a few clicks, users can apply changes to thousands of planograms instantly. Shelf IQ® can also be used to generate planograms…

17
Sellerboard
0 reviews

Sellerboard offers a profit analytics service for Amazon sellers, that along with additional tools can be used to analyze profit in real-time, manage inventory, get refunded for lost & damaged stock, automate email follow up campaigns for organic product reviews and seller feedback,…

18
Omnilytics
0 reviews

Omnilytics is a market intelligence platform from the company of the same name in Singapore, that provides real-time data and competitor analysis for fashion retailers. These insights help brands make buying and stocking decisions, to increase their sales margins and optimise assortments…

19
Exceedra by Telus

Exceedra by Telus (replacing "ignite" from the former company AFS Technologies which was acquired by Telus) is a global provider of software solutions purpose-built for consumer goods companies and distributors.

20
NTS Retail
0 reviews

Austrian software company NTS Retail offers their retail management solution to telecoms, with multi-channel order and fulfillment management, customer engagement, and other business support functions.

21
Wiser Commerce Execution Suite

Wiser Solutions, headquartered in San Mateo, offers Commerce Execution SaaS products. The suite provides brands, retailers, brokers, and distributors with intelligence to make better decisions, online and in-store. Wiser’s platform supports a variety of use cases, from market awareness…

22
DTiQ Video & Analytics

DTiQ’s Enhanced Video Analytics supports the customer experience with advanced video algorithms that measure customer interactions, gauge employee effectiveness and further loss prevention. It works with existing video infrastructure to provide insights for restaurant and retail…

23
Algonomy Merchandising and Supplier Collaboration

Algonomy offers Algorithmic Merchandising and Supplier Collaboration Management to connect the dots between customers, suppliers, and products for increased profitability and control.

25
Engage3 powered by Dexi

Engage3’s competitive pricing data leverage in-store audits, web scrapes, user collections via a mobile app, and Nielsen POS data. Their pricing and volume data covers millions of items that are linked and quality controlled with machine learning (ML) algorithms.

Learn More About Retail Analytics Software

What is Retail Analytics Software?


Retail analytics software tracks and analyzes inventory, consumer demand, and sales data.

Customer behavior and sales trends analytics promote better business planning and decision-making. This type of software provides insights that help evaluate a business’s merchandising strategy, informs their marketing campaigns, and optimizes production/procurement, inventory management, and supply chain operations.


Predictive retail analytics helps businesses predict future demand, identify emerging trends, and anticipate customer needs. Recognizing those opportunities gives retail businesses a competitive advantage. Retail analytics software supports improved targeting for marketing operations and provides feedback for product development.


For business owners, retail analytics can help identify and retain your best customers. It provides key insights around bestselling items, the busiest time of the day, week, and year, and allows businesses to quickly adjust to changing retail environments.


Retail analytics software can include geo-special analysis for store layout optimization, fraud detection analytics, analytics to automate merchandising decisions, and support dynamic staffing.


Comprehensive retail analytics software solutions will capture retail data from both brick and mortar and eCommerce retail operations.


Retail Analytics Software Features


Most retail analytics platforms will provide the following features:


  • Real-time analytics

  • Sales analytics

  • Customer analytics

  • Inventory analytics

  • Merchandising analytics

  • Performance analytics

  • Predictive analytics

  • Pricing analytics

  • Supply chain analytics

  • Competitor analytics

  • Data collection/integration with retail pos, retail management, and retail operations systems, captures data across all channels.

  • Action triggers and alerts for dynamic price setting

  • Dashboard, data visualization, and reporting

  • Cloud-based and mobile options



Retail Analytics Software Comparison


Consider the following when purchasing retail analytics software:


  • Scope: Certain products may focus on brick-and-mortar retail analytics, eCommerce analytics, or both. Select a product that best suits your retail analytics goals.

  • Features: In addition to the foundational retail analytics categories of sales, inventory, and customer behavior, choose a solution that readily supports the additional analytics that you require. These may include predictive analysis, floor-plan optimization, or price optimization.

  • Industry: Some vendor products are tailored to support specific industries such as fashion/apparel, restaurants, or electronics.

  • Integrations: Ensure that the product readily integrates with your other retail systems for obtaining the data that is necessary for wide-ranging and comprehensive analytics.



Pricing Information


Entry-level pricing begins at around $99 a month. However, most products require a vendor quote, especially for enterprise-level products.


Related Categories

Frequently Asked Questions

What does retail analytics software do?

Retail analytics software analyzes all parts of a retail business from sales and inventory to customer behavior. It tracks customer purchases, foot traffic, and best-selling items. It identifies trends and helps predict future demand. The information it provides enables businesses to optimize procurement, inventory management, and supply chain operations.

What are the benefits of using retail analytics software?

Some of the key benefits of using a retail analytics platform include:

  • Increased Sales: Insights that anticipate customer demand, optimize promotional strategies and product pricing and establish the timing of product availability help maximize sales opportunities.
  • Improved Marketing: Improved customer targeting based upon behavioral and sales analytics.
  • Better Inventory Management: Predictive analytics helps align demand with supply, optimize inventory management, and reduce waste and associated costs.
  • Enhanced Customer Loyalty: Understanding customer behavior and preferences allows businesses to improve their customers’ experience.
  • Optimizes In-store Operations: Analytics helps refine product placement, optimize staffing needs, and improve service delivery.
  • Better Decision Making: Retail analytics improve decision-making for procurement, marketing, and merchandising.


What are the best retail analytics software products?

How much does retail analytics software cost?

Entry-level pricing begins at around $99 a month. But most products require a vendor quote, especially enterprise-level products.