financetom
Business
financetom
/
Business
/
COVID-19 pandemic: Data analytics could help retail stores in the US check whether it’s safe to re-open
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
COVID-19 pandemic: Data analytics could help retail stores in the US check whether it’s safe to re-open
Apr 29, 2020 10:43 AM

The United States’ partial and phased lifting of its lockdown could be carried out with the aid of some nifty tech, thanks to Texas-based IWMS (Integrated Workspace Management System) firm Tango, and its retail location-visualization tool.

What Tango’s tech does is simple. Any store that hopes to reopen in the United States will need to ascertain how much exposure it has had to the coronavirus, especially during the lockdown. Based on the risk-reward assessment, these stores will draw up plans to reopen.

Determining a store’s COVID-19 exposure

“Before drawing up plans to reopen, what retailers are trying to figure out is how exposed their stores are to COVID-19 cases over time, and how the relative exposure of a location impacts a brand’s re-opening strategy,” said Pranav Tyagi, CEO, of Tango, “The first step to answering this question is to understand the flow of COVID-19 cases in the geographies where their stores exist. Our ‘Case Exposure by Brand Locations vs Category Locations’ does that, as well as it does for the store’s peer category.”

Once these findings are in, Tango’s location-visualization tool draws up a map-based representation of COVID-affected areas in the counties where these stores operate. It provides these insights on a dashboard that stores can look at and assess before making the decision of whether or not to reopen, and which locations are safe to re-start business.

“It helps retailers visualize locations on a map depicting the exposure per million cases in the counties where stores are located. Users can then zoom to a State level to see all counties thematically shaded along with their locations,” said Pranav, “Clicking on a specific county will also visualize cases per million overtime for that county and data regarding the drop in working hours which will affect disposable income and therefore sales at that location.”

Tech to cover all American counties

What Tango’s information does is collectively provide a tool for retailers to understand where they are in the COVID-19 pandemic, and plan re-start strategies accordingly. Tango is making its tech available free of charge to business in over 70 categories like clothing, convenience stores, and F&B to name a few. US-based businesses with a minimum of 25 branches can use the tool —Tango says it covers all American counties.

The United States has begun a long and painful walk to recovery even as the country has seen its COVID-19 cases rise to over a million. On Sunday, states like Oklahoma, Georgia, South Carolina, Colorado, Tennessee, and Montana announced plans to lift their respective state-wide lockdown orders. As a result, restaurants, salons, churches, and retail stores have slowly begun re-opening businesses that have suffered by way of the lockdown.

First Published:Apr 29, 2020 7:43 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Halozyme Therapeutics Q2 Non-GAAP Earnings, Revenue Increase; 2025 Guidance Raised
Halozyme Therapeutics Q2 Non-GAAP Earnings, Revenue Increase; 2025 Guidance Raised
Aug 5, 2025
04:43 PM EDT, 08/05/2025 (MT Newswires) -- Halozyme Therapeutics ( HALO ) reported Q2 non-GAAP earnings late Tuesday of $1.54 per diluted share, up from $0.91 a year earlier. Analysts polled by FactSet expected $1.24. Revenue for the quarter ended June 30 was $325.7 million, up from $231.4 million a year earlier. Analysts expected $285.9 million. For 2025, the biopharmaceutical...
Stonex Group Q3 net operating revenues rise 4% to $488.3 mln
Stonex Group Q3 net operating revenues rise 4% to $488.3 mln
Aug 5, 2025
Overview * Stonex ( SNEX ) fiscal Q3 net operating revenues rise 4% yr/yr to $488.3 mln * Net income for fiscal Q3 increases to $63.4 mln despite acquisition charges * Co completes acquisitions of R.J. O'Brien and The Benchmark Company, LLC Outlook * Company did not provide specific forward-looking guidance for future quarters * StoneX ( SNEX ) expects...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Equitable Q2 Non-GAAP Earnings, Revenue Fall; Shares Drop After Hours
Equitable Q2 Non-GAAP Earnings, Revenue Fall; Shares Drop After Hours
Aug 5, 2025
04:42 PM EDT, 08/05/2025 (MT Newswires) -- Equitable Holdings ( EQH ) reported Q2 non-GAAP earnings late Tuesday of $1.10 per diluted share, down from $1.43 a year earlier. Analysts polled by FactSet expected $1.28. Revenue in the three months ended June 30 fell to $2.36 billion from $3.51 billion a year earlier. Four analysts surveyed by FactSet expected $3.22...
Copyright 2023-2026 - www.financetom.com All Rights Reserved