Presentation 2005/3/8
A Framework for Improving Profitability in a Retail Store Using Customer Behavior Analysis
Takufumi YOSHIDA, Takashi KOISO, Kanako HATTORI, Ichiro TOYOSHIMA, Naoki IMASAKI,
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Abstract(in English) It is important for retailers to raise ROI (Return On Investment) by increasing labor productivity or customer satisfaction, or both. Thus it is essential for retailers or retail researchers to investigate how consumers behave in a retail store, as well as what achieves cost-savings. Recently observations of customer behavior are getting available using ubiquitous devices such as videos, cameras, and RF-ID tags as well as POS systems. Such observations provide or will provide us numerous and heterogeneous data concerning customers' activity in a retail store, which may help us understand what makes customers satisfied. In the present paper, we suggest a framework that retailers can evaluate the quality of customer satisfaction by analyzing ubiquitous information to improve their retail mix and maximize ROI.
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Keyword(in English) retail / ISM / customer satisfaction / profitability / productivity / RFID / POS / ROI / customer behavior
Paper # AI2004-91
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Committee AI
Conference Date 2005/3/8(1days)
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Registration To Artificial Intelligence and Knowledge-Based Processing (AI)
Language JPN
Title (in Japanese) (See Japanese page)
Sub Title (in Japanese) (See Japanese page)
Title (in English) A Framework for Improving Profitability in a Retail Store Using Customer Behavior Analysis
Sub Title (in English)
Keyword(1) retail
Keyword(2) ISM
Keyword(3) customer satisfaction
Keyword(4) profitability
Keyword(5) productivity
Keyword(6) RFID
Keyword(7) POS
Keyword(8) ROI
Keyword(9) customer behavior
1st Author's Name Takufumi YOSHIDA
1st Author's Affiliation Toshiba Corporation()
2nd Author's Name Takashi KOISO
2nd Author's Affiliation Toshiba Corporation
3rd Author's Name Kanako HATTORI
3rd Author's Affiliation Toshiba Corporation
4th Author's Name Ichiro TOYOSHIMA
4th Author's Affiliation Toshiba Corporation
5th Author's Name Naoki IMASAKI
5th Author's Affiliation Toshiba Corporation
Date 2005/3/8
Paper # AI2004-91
Volume (vol) vol.104
Number (no) 727
Page pp.pp.-
#Pages 5
Date of Issue