Overview
About Appriss Retail
Appriss Retail provides real-time decisions and active risk monitoring to enable our customers to maximize profitability while managing risk. Our solutions are continually adapting to changing market conditions.
We bring 20+ years of retail data science expertise and experience. We serve a global base of leading commerce partners, representing 1/3 of all US omnichannel retail sales activity across 150,000 retail locations across specialty, apparel, department store, hard goods, big box, grocery, pharmacy, and hospitality businesses in 45 countries on six continents.
The company provides compelling, relevant, and profitable collective intelligence to operations, finance, marketing, and loss prevention. Appriss Retail’s performance-improvement solutions yield measurable results with significant return on investment.
Predict and Shape Shopper Behavior
Appriss Retail optimizes retailers’ revenue and margin by shaping behavior in every consumer transaction in-store, through ecommerce, or BOPIS/BORIS situations. The company’s solutions use predictive analytics to make each shopper’s purchase or return more profitable.
This yields immediate financial payback, increasing store comps by as much as 2%, with significant return on investment. The company’s solutions create sizable new sales, while also building customer loyalty, preventing fraudulent and abusive returns, reducing return rates, and improving shrink.
Optimizing Revenue in all Consumer Transactions
Appriss Retail draws from the expertise of PhD statisticians and a wealth of transaction history to develop its optimization solutions.
A pioneer in the use of statistical models to reduce return fraud and shrink, the company uses sophisticated predictive analytics to identify incentives to keep consumers shopping after making a purchase or legitimate return.
Viewing information in real-time, and predicting behavior at an individual level, permits all transactions to be optimized to meet revenue, margin, or product sell-through objectives.
Profit Protection
Retailers worldwide use Appriss Retail solutions to significantly mitigate losses related to fraud, theft, and operational/systemic breakdowns.
The solutions provide immediate insight into the organization’s most critical data, allowing them to make informed decisions to reduce shrink, improve profitability and achieve rapid returns on investment.
Appriss Retail solutions provide a comprehensive analytical view of user actions and process inefficiencies across a variety of risk areas including point-of-sale, returns, supply, inventory, finance, pharmacy, and human resources.
Data Integration
Accurate analysis depends on high quality data. To overcome the limitations most omnichannel retailers experience in gathering and systemically sharing data, the company developed a proprietary data integration platform that can pull data from any source within the organization and make it available for analysis.
Appriss Retail solutions can augment these in-house resources with external sources such as purchased third party data, geographic information, and social media feeds.
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