UK Retail spending rose this month, but at what cost?
To delve deeper we looked at the current levels of discounting across high street fashion. In May 2018 the number of products on sale at a discounted price was almost 50%.
Improve Gross Margin by 3-6% by testing your products before production.
In today’s harsh retail market, over and under stock issues are hugely damaging to your business. Last quarter 53.3% of products were discounted and at the other end of the spectrum 3% of products sold out on their launch day.
Product Future
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What if you could predict what consumers are actually going to buy prior to starting production? Product Future showcases potential products to consumers delivering real insight and predictions to support inventory selection. Our approach has been proven to significantly improve over and under stock issues and can increase gross margin by between 3 and 6%.
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All products are tested on the Mallzee shopping app, benefitting from the input of real shoppers and not surveys or small-scale focus groups. To date this community has generated over 500m opinions and rated over 3m products. The consumer base ranges from 13 to 60 and is now over 1.5m people strong.
Our engaged community of shoppers deliver accurate product predictions quickly and without the need for any technical integration.
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Hit Rate
80%
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Number of Opinions
429,040,110
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Panel Size
1,021,957
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Products Tested
2,272,078
Our engaged community of shoppers deliver accurate product predictions quickly and without the need for any technical integration.
Product Future provides you with an in depth report on all of the products tested and a model based your current process that to helps you optimise your stock buy.
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Want to promote your existing products on Mallzee?
With a dwell time of over 10 minutes per session you can generate high brand engagement simply by having your products on Mallzee - ask us about listing on the app.
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