First, IRI developed buyer profiles using National Consumer Panel data to create actionable segments. IRI worked with the manufacturer to analyse each brand’s internal sales report to determine which stores sold the highest quantities, normalising sales by store size.
Next, IRI used IRI ShopperSights™, an innovative shopper activation solution, to find high-opportunity stores that aligned with all of the brands’ buyer profiles. Leveraging panel and point-of-sale data, along with a number of sophisticated methodologies, IRI determined the products individual households are likely to purchase, where they are likely to shop, and how much of their wallet they are likely to spend at a given store. The ShopperSights product opportunity report pinpointed 2,500 locations larger than 8,000 square feet with a strong profile alignment for the brand.
Using these insights, IRI helped the client prepare a high-impact presentation focused on delivering mutually beneficial growth with their retail partner.