Canada’s retailers now have ‘one-stop’ platform to access up-to-date data

The Retail Council of Canada (RCC) nowadays introduced the Retail Pulse Dashboard, an initiative produced by KPMG Canada developed to enable Canadian retailers to access an assortment of data throughout several retail sectors, areas, and timeframes, in both official languages.

The platform, according to a release, collects and consolidates knowledge from different sources, which includes Figures Canada, about anything from nationwide retail profits and occupation numbers to economic knowledge and customer paying out.

“The past few of decades have been a time of profound improve for the retail market and it’s much more crucial than at any time for retailers to leverage the ability of facts and seize chances to generate extended-time period results,” stated Diane Brisebois, president and main government officer of the council.

The dashboard, she included, will make it much easier for firms to discover key retail knowledge points in just one spot. “Regularly current overview details on the retail industry is out there to everyone,” she mentioned. “RCC members, having said that, have accessibility to significantly richer facts, increased filtering, comparisons, and customization.”

Kostya Polyakov, nationwide marketplace leader for consumer and retail for KPMG in Canada, explained the system “collects and delivers in close proximity to-genuine time and true-time industry intelligence, throughout the metrics that subject to suppliers, so they can make far better, additional knowledgeable enterprise selections.”

Describing it as a “game-changer,” RCC member Sarah Jordan, CEO of Mastermind Toys, a retailer with 68 areas across the country, mentioned, “to keep competitive and progress oriented, it is important for us to have several channels to get the insights we have to have so we can repeatedly refine and innovate our brand storytelling and purchaser encounters.

“Spending fewer time accumulating prosperous details from unique sources and allowing far more time to react swiftly to tendencies is these types of a welcomed edge, specifically offered the speed of the retail surroundings.”