Sports retailer gets smart about retail analytics
ATLANTA — National sporting goods retailer Hibbett Sports has selected a business intelligence platform developed by QuantiSense, which will allow it to leverage retail analytics so it can improve local assortments across all physical stores.
The QuantiSense Retail Exception Engine constantly tags and prioritizes exceptions item-by-item and store-by-store, creating new data and metrics. Then executive dashboards and personalized Retail Scorebooks deliver intuitive business graphics, via desktop or mobile access, that will allow the sports retailer to quickly identify trends and highlight problems, accelerating the decision making process. Some of QuantiSense’s customers include Burlington Coat Factory, Casual Male Retail Group, Hallmark Cards, Michaels, Pacific Sunwear, Restoration Hardware and Urban Outfitters.
With more than 800 stores in 26 states, Hibbett Sports stocks a large selection of athletic footwear, athletic apparel and team athletic equipment. It will look toward QuantiSense to give it the capability of satisfying current merchandising and store operations requirements and expand to other departments over time.
“It is our opinion that QuantiSense has the deepest functionality and most comprehensive retail analytics offering available. Their long-term strategic growth plan was also an important factor in our decision,” stated Mike McAbee, strategy Officer and VP of merchandise planning for Hibbett Sports. “Their number one position in the newly released RIS LeaderBoard validated our findings.”
“With QuantiSense, our buyers and planners will have an automated scoring machine that analyzes localized assortments and items, store by store, across a number of performance areas,” said Becky Jones, SVP of merchandising, marketing and logistics for Hibbett Sports. “These new capabilities will provide the knowledge required to improve pre-season plans and in-season adjustments, ultimately driving higher sales, margins and inventory productivity,” she continued.
“We are looking forward to working with the team at Hibbett to provide a solid foundation for all their business intelligence needs across the enterprise, now and as they continue to grow,” said Jeff Buck, CEO, QuantiSense.