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Nielsen Ratings for Retail Stores

April 7th, 2008 @ 5:52 pm

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Tags: Retail Company, Manufacturer, Retail, Manufacturing, Karen

Retailers and manufacturers will soon be able to chart the effectiveness of in-store promotions the same way Nielsen rates TV shows, box-office results, and online ads. Using in-store cameras, infrared sensors, and human “counters,” a project called P.R.I.S.M. (Pioneering Research for In-Store Metrics) will create the first global metric for evaluating the retail environment as a marketing medium.

The project — a joint effort of the Nielsen Company, the In-Store Marketing Institute, manufacturers, and retailers — has been in development since early 2006. But last week, in a story about a session on P.R.I.S.M. at the Advertising Research Foundation’s Re:think Conference and Expo, Retail Week reported that the long-awaited P.R.I.S.M. will launch in stores nationwide in July.

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BNET Retail provides daily industry news coverage and insights for managers and executives about the key players in the consumer retail industry. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.

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