Client Spotlight

Fenwick


Fenwick

MRI Software’s footfall analytics data provides invaluable understanding of department store performance alongside customer movements.

The question

MRI has been working in partnership with Fenwick since August 2017. The team at Fenwick wanted to encourage a more strategic brand strategy through ensuring the right brands were in the correct locations in store, each brand is enticing customers into store through their window displays and then on to each floor and converting sales.

Fenwick was keen to ensure the data MRI provided would mean an uplift in sales/income, or that the savings in wasted expenditure would provide ROI on the system.

Our approach

MRI’s solutions were to measure the visitors walking past each of the stores as well as at each entrance, lift and escalator. Analysing these data points along with store sales, MRI provides insights to Fenwick on their store and portfolio performance to inform their strategic goals.

The OnLocation footfall analytics solution:

  • Placing footfall counters at every decision point throughout the stores reporting in hourly increments
  • Sales feeds from each department
  • MRI would monitor visitors and sales per department to determine the average transaction value, conversion rate and popularity of the department
  • Using exterior cameras, MRI was to also measure capture rate (the ratio of people walking past the store, to those entering), which helped to determine the popularity of window displays and retail trends and the relationship between the potential of the store location to the performance of the store itself
  • Providing daily, weekly and monthly insights into store performance

Our findings

The data provided invaluable understanding of department performance in both ATV and conversion alongside customer movements.

Using this data enabled Fenwick to re-position brands to ensure it drove the best customer flow and re-purpose window space to key brands driving income into the store. The data also helped with staff planning and utilisation, ensuring the right staff were in the right departments at the correct saw an uplift in sales.

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