This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Outlet Shopping at The O2, owned and operated by AEG Europe and Crosstree Real Estate , has welcomed premium sportswear brand, Castore , marking the debut of its first outlet store in London. This addition enhances the retail destination’s already impressive array of sportswear offerings.
This premiumisation of the offering is reflected in the higher average transaction value (ATV) the centre has been seeing in the last year. During Easter, the ATV was up 14 percent on pre-pandemic levels, whilst it was up 15.4 percent when looking at the first quarter of 2023 versus the same quarter in 2019.
Revenue was boosted by larger and more expensive purchases throughout the month, as well as the addition of new and bigger brands throughout the year, with the Average Transaction Value (ATV) increasing by 17 per cent compared to pre-pandemic.
Visitor traffic data gathered from retail stores and shopping malls enables the retail sector to operate more efficiently and effectively across its various functions. How should retailers and shopping centers be using this valuable business intelligence data? And what can they hope to gain from it?
Following the opening of the highly anticipated Game of Thrones Studio Tour in Northern Ireland last month, a Lotus Property-owned outlet shopping destination is already seeing the benefit of increased traffic. footfall visitors in the opening month alone and saw sales increase by +25.9% compared to the same period in 2020*.
Sales across outlet shopping, F&B and leisure at The O 2 were up 18% compared to 2019, with footfall also up 7%. Janine Constantin-Russell, Managing Director of Icon Outlet and the Entertainment District at The O 2 , commented: “We are extremely proud of the success enjoyed across The O 2 in 2022.
Average transaction value (ATV) This metric helps you better understand how much shoppers spend in your store on average. A higher average transaction value (ATV) means that shoppers are buying your more expensive products or that they’re buying larger quantities. Your sales associates should be able to: .
Shopper Yield = Conversion x ATV Bearing a comprehensive approach, retailers can optimize their marketing strategies to improve their customers’ in-store experiences and maximize the store’s overall revenue. A store’s Shopper Yield is determined by multiplying its Conversion by its Average Transaction Value.
Shopper Yield = Conversion x ATV Bearing a comprehensive approach, retailers can optimize their marketing strategies to improve their customers’ in-store experiences and maximize the store’s overall revenue. A store’s Shopper Yield is determined by multiplying its Conversion by its Average Transaction Value.
Furthermore, it reduces your management and operational costs, keeps your devices up to date automatically, and requires little to no effort on your part. You need to know how your store performs across several other key metrics like ATV, sales, conversion rate, in and out traffic, and more. Does Your Business Need People Counting?
The digital era may have arrived, and it’s growing strong, but e-commerce isn’t here to completely replace in-store shopping. Even in its current form, online shopping has many shortcomings, and a considerable number of products are more convenient to buy in person. Focusing on creating a culture of performance will help you get there.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content