CORRELATING PRODUCT SALES TO STORE SEGMENTATION

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20140372178A1
SERIAL NO

13920582

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Past sales data for a product sold at stores in a chain of retail stores is received by a computing device. For each segment, the stores in the chain are grouped into one or more clusters. The average sales of the product in each cluster and the average sales of the product in all of the stores are calculated based on the past sales data. A cluster variation and a total variation may be determined for each of the stores based on the past sales data. A correlation indicative of an effectiveness of the segmentation strategy to reduce sales variation between stores in each of the plurality of clusters may also be determined based on the at least cluster variation.

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Patent Owner(s)

Patent OwnerAddress
TARGET BRANDS INC1000 NICOLLET MALL MINNEAPOLIS MN 55403

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hsieh, Ping-Fong Plymouth, US 1 8
Peterson, Daniel W New Hope, US 4 23
Sun, Earl S Chaska, US 1 8

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