New Service Provides Same Store Sales Growth or Decline Based on Customer Purchase Intentions
Almost certain to see increase Almost certain to see decline BJ's Abercrombie & Fitch Buckle American Eagle Costco Bonton Family Dollar Chico's Hot Topic Dillard's Sam's Club Gottschalks Walmart Old Navy Steinmart Victoria's Secret Likely to see increase Likely to see decline Aeropostale Pacific Sun Children's Place Stage Fred's No change (flat) Catos TJXActual forecasts for each retailer can be accessed through a 30-day free trial of ForecastIQ by visiting http://www.forecastiq.com/. "Consumers' drive to spend less is resulting in same store sales growth for retailers such as Costco, Sam's Club and Walmart who offer consumers a value/discount experience and conversely decrease spending at more upscale stores," said Greg Allenby, Ph.D. "Shoppers are more likely to act out their intentions in a difficult economy and are decreasing their spending at upscale stores." ForecastIQ was developed by Prosper Technologies and Allenby by analyzing over 7 years of data from BIGresearch's monthly Consumer Intentions & Actions (CIA) surveys. Allenby analyzed same store sales of over 37 publicly held retailers and applied Bayesian quantile analysis to the data including whether or not consumers said they plan to spend more, same or less. The results are accurate and for the first time provide a forecast of consumer spending 75 days in advance. Same store sales forecasts are provided by percent growth over the next 45- and 75-day period. Short-term forecasts are also available via enhanced consensus estimates. About Prosper Technologies: Prosper Technologies develops consumer centric analytics such as ForecastIQ from consumer responses to help businesses forecast consumer demand and expenditures, budget marketing and merchandising allocations and provide retailer specific cross consumption behaviors. ForecastIQ is a forecast of same store sales for 37 retailers based upon future spending plans of consumers derived from BIGresearch's monthly Consumer Intentions and Action survey (CIA). Forecasts are 45 and 75 days forward and also include an enhancement to the consensus currently provided in the marketplace. For more information: http://www.goprosper.com/forecastiq-info.pdf
Contact Information: Contact: Phil Rist 614-846-0146