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Predictive analytics drive specialty retailer’s new product intros
New product introduction volume continues to increase. Lilly Pulitzer’s analytics platform helps hone in on the winners. In an omnichannel world, customer satisfaction is key, which means merchandise must be available when shoppers want it. By extending its partnership with First Insight, Lilly Pulitzer will continue to use predictive analytics to make faster and more accurate design, buying and pricing decisions, and gain the insight needed to mitigate risks associated with new product introductions. -
Study: Consumers in rebellion against full prices
Shoppers are no longer willing to pay full price as deep discounts influence consumer behavior. That is one of the key findings of a new consumer report by First Insight, which found that widespread discounting by department stores and mass merchants is significantly influencing the expectations of discounts when consumers shop in other product categories.

