Business Challenges

Regardless of the type of retail business you work in, First Insight addresses the most pressing business challenges you face in today’s competitive retail landscape.

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    Business Challenges

    Retail is at a tipping point.
    Bankruptcies are at a record high and hundreds of stores are closing. Why?

    The retail industry is facing a number of discouraging changes. Sales continue to shift toward online leading to drastically decreased foot traffic in brick & mortar stores.

    Today’s consumer has unprecedented access to information. With so much content at their fingertips, consumer preferences are changing faster then ever, causing strain on the supply chain and placing more risk on brands than ever.

    As these challenges continue to take affect, it has become more important that ever to get the right product on the shelves at the right price to avoiding new product failures and markdowns.


    Review the list of business challenges below to learn how First Insight helps to address these challenges with our customers everyday.

    Increasing New Product Success Rate
    Informing Design Decisions
    Reducing Markdowns
    Reducing Store Testing
    Increasing Forecast Accuracy
    Setting Entry Price Points
    Retail Apparel
    Increase new product success rate
    Informing design decisions
    Reducing markdowns
    Reducing store testing
    Increasing forecast accuracy
    Setting entry price points
    Retail Accessories
    Increase new product success rate
    Informing design decisions
    Reducing markdowns
    Reducing store testing
    Increasing forecast accuracy
    Setting entry price points
    Retail Sporting Goods
    Increase new product success rate
    Informing design decisions
    Reducing markdowns
    Reducing store testing
    Increasing forecast accuracy
    Setting entry price points
    Retail Jewelry
    Increase new product success rate
    Informing design decisions
    Reducing markdowns
    Reducing store testing
    Increasing forecast accuracy
    Setting entry price points
    Wholesale Footwear
    Increase new product success rate
    Informing design decisions
    Reducing markdowns
    Reducing store testing
    Increasing forecast accuracy
    Setting entry price points