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LightSpeed launches advanced cloud analytics
Montreal - LightSpeed is launching Advanced Reporting for LightSpeed Cloud, which adds Big Data analytics to LightSpeed’s cloud-based POS system. The analytics capability is designed to give retailers real-time insight into sales, inventory trends and customer preferences.
LightSpeed’s new Advanced Reporting for Cloud includes more than 40 reports that give detailed information on product sales, profits and margins; customer preferences; employee performance; payment methods; and vendor-by-vendor analytics; across all stores and channels.
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Dads enjoy better-than-expected Father’s Day
The National Retail Federation (NRF) had forecast that Father's Day spending would shrink this year, reaching just $12.5 billion. But it looks like the smallest of gift-giving holidays fared better than expected.
According to IBM Digital Analytics Benchmark, a real-time, cloud-based digital analytics platform, overall U.S. retail online sales for the week leading up to Father's Day — June 9-15 — climbed more than 14% compared to the same period last year.