gold coast chicago (2016 –2019) case study · consumerview data to study the changing demographic...

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1 © Experian OBJECTIVE: A large retailer was experiencing unexplained declines in sales from a top area and wanted to understand both, why and how to adapt their strategy SOLUTION: Experian’s Custom Analytics team utilized historical ConsumerView data to study the changing demographic trends at within the retailer’s footprint Historical Trends: Aggregated and trended ConsumerView data over time, beginning from 2016 through 2019 Fundamental Changes: Identified how Mosaic segments grew and shrunk within their geographic footprint RESULTS: Our analysis found key shifts within their customer base for Chicago’s Gold Coast: Young City Solos (-2%): One of their highest purchasing Mosaic segment had declined Power Elite (+5%): A more established Mosaic segment with limited opportunity for sales growth, contributing to lower future sales Expansion Opportunity: Analysis uncovered a new market with growth opportunity in the key segment, Young City Solos (+6%). This presents an market expansion opportunity that will offset changes in Chicago’s performance Case study Large retailer A-Power Elite Expanding 5% Gold Coast Chicago (2016 – 2019) G – Young City Solos Contracting 2% A-Power Elite Expanding Arlington, VA (2016 – 2019) G – Young City Solos Contracting Flat 6% A-Power Elite

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Page 1: Gold Coast Chicago (2016 –2019) Case study · ConsumerView data to study the changing demographic trends at within the retailer’s footprint • Historical Trends: Aggregated and

1 © Experian

O B J E C T I V E : A large retailer was experiencing unexplained declines in sales from a top area and wanted to understand both, why and how to adapt their strategy

S O L U T I O N : Experian’s Custom Analytics team utilized historical ConsumerView data to study the changing demographic trends at within the retailer’s footprint

• Historical Trends: Aggregated and trended ConsumerView data over time, beginning from 2016 through 2019

• Fundamental Changes: Identified how Mosaic segments grew and shrunk within their geographic footprint

R E S U LT S : Our analysis found key shifts within their customer base for Chicago’s Gold Coast:

• Young City Solos (-2%): One of their highest purchasing Mosaic segment had declined

• Power Elite (+5%): A more established Mosaic segment with limited opportunity for sales growth, contributing to lower future sales

• Expansion Opportunity: Analysis uncovered a new market with growth opportunity in the key segment, Young City Solos (+6%). This presents anmarket expansion opportunity that will offset changes in Chicago’s performance

Case studyLarge retailer

A-Power EliteExpanding

5%

Gold Coast Chicago (2016 – 2019)

G – Young City Solos

Contracting

2%

A-Power Elite

Expanding

Arlington, VA (2016 – 2019)

G – Young City Solos

Contracting Flat

6%

A-Power Elite