Developed by Kingfisher in partnership with Converteo, Core IQ is a data sharing platform and part of the Group's retail media and wider digital strategy. The ambition of the platform is to make data a key performance lever to improve customer satisfaction. Castorama and Brico Dépôt are the first banners (brands) in the Group to offer this service to vendors.
The Core IQ platform offers first and third-party vendors more autonomous and real-time access to precise data, store by store and product by product, relating to the performance of their products. This includes a wide range of data relating to turnover, sales transactions, stock levels and others.
This enables vendors to quickly identify levers to optimise their sales strategy, from assortment to product development while optimising stock management and investing in retail media opportunities. The platform offers both foundational insights and premium analytics, enabling vendors to choose the level of data access that best suits their needs.
Developed in less than six months with Converteo, using the best technologies, the platform facilitates decision alignment, promotes a common vision, and allows quick adaptation to market needs and new opportunities.
More than 900 users are already actively using the data shared via the platform, in addition to the wider retail media solutions offered by Kingfisher brands in France. After the pilot phase in Castorama and Brico Dépôt France, Core IQ will launch in other Kingfisher brands, including B&Q and Screwfix in the UK. This gradual deployment will eventually see the platform become a one-stop shop for data and retail media, where all data will be accessible in one place.
Gwénola Coicaud, Director of Retail Media at Kingfisher said:
“Thanks to Core IQ, we are transforming our data into a key performance lever for our vendors, to offer an enriched customer experience, both in-store and online. This will strengthen our collaboration with our vendors, and create a virtuous circle of growth for both their brands and ours, while further improving customer satisfaction.”
Guilhem Bodin, Partner at Converteo said:
“We are proud to have supported Kingfisher in developing Core IQ. This lays the foundations for an evolving data ecosystem that can gradually expand to become a hub for our vendors’ commercial performance. Core IQ will enable Kingfisher and its banners to more quickly adapt to the future needs of its vendors, paving the way for new synergies between data and retail media.”
About Kingfisher plc
Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 colleagues. We operate in seven countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.
Better Homes. Better Lives. For Everyone. At Kingfisher, we believe a better world starts with better homes and we strive to help make that happen.
http://www.kingfisher.com/
