Conclusion
Customer Experience Revenue Generation
Operational Savings
Loss Reduction
Payback Period
$1.43B
$15.9M
$36.8M
14.4 months
Founded in 2000, Floor & Decor is the leading high-growth specialty retailer of hard-surface flooring. They are entering a new era of retail marked by shifting consumer behavior, technological advancements, and the growth of e-commerce. To thrive in this new environment, Floor & Decor is looking to transform the customer experience by exploring investments in new technologies for in-store experiences that will then enable an IoT, and frictionless shopping future.
This study has outlined the benefits of implementing the Floor & Decor SMART STORE. The calculated benefits associated with Revenue Generation align directly to Floor & Decor’s strategic priority of enhancing the shopper journey through a “Connected Customer Experience”. The additional benefits around operational savings and theft reduction further the ROI for implementing a coordinated Video combined with Wifi Analytics solution.
With the Cisco Meraki Camera and Wi-Fi Solutions being on the same solution architecture, you gain unique business and operational multipliers commensurate with having a unified system. This is something that is unique in the industry to Meraki. For example, the unified system will allow for new capabilities such as the ability to connect a customer’s behavior via video analytics to their contact information/email address* so Floor & Decor can triage positive & negative customer experiences with agility in real-time.
Summary
With the Cisco Floor & Decor SMART STORE solution, Floor & Decor will be able to correlate, triangulate, and act on shopper patterns. This will provide precise intelligence to 1). the Business, 2). physical security teams, and to 3). store employees. The SMART STORE will equip Floor & Décor with the transformative technologies and services it needs to continue Floor & Décor’s legacy of retail innovation and power business growth for years to come.