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Walmart Sales Analysis #1

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Feb 1, 2024
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chore: add solutions and insights markdown
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faizanxmulla committed Feb 1, 2024
commit d0cd5dff7a47d0cdef2fa9302e47ddedd5c230e4
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## Strategic Insights from Walmart Sales Data Analysis

In the scope of this project, our objective is to delve into the **Walmart Sales data**, investigating the performance of key branches and products, analyzing **sales trends** across various product categories, and examining **customer behavior**. The primary goal is to **gain insights** into potential enhancements and optimizations for **sales strategies**.

### 1. `Branch and City Analysis`:
- *Insights:*
- Each city hosts a unique branch, providing opportunities for localized strategies.

- Naypyitaw stands out with the highest revenue, indicating its significance in the sales network.

### 2. `Product Line Performance`:
- *Insights:*
- "Fashion accessories" is the best-selling product line, suggesting a potential focus area for promotions.

- Diversification across product lines provides stability and opportunities for targeted marketing.

### 3. `Payment Method and Customer Type`:
- *Insights:*
- EWallet is the most common payment method, emphasizing the importance of digital transactions.

- "Member" customers contribute significantly to revenue, warranting tailored loyalty programs.

### 4. `Sales and Revenue Analysis`:
- *Insights:*
- March sees the highest total revenue, indicating potential seasonality trends.

- "Food and beverages" generates the largest revenue, suggesting a focus on marketing and promotions for this category.

### 5. `VAT and Product Line Analysis`:
- *Insights:*
- Naypyitaw has the highest VAT, influencing pricing and tax strategy in that region.

- "Food and beverages" not only leads in revenue but also in VAT, influencing pricing decisions.

### 6. `Customer Segmentation`:
- *Insights:*
- Clear segmentation with "Normal" and "Member" customer types allows for targeted marketing strategies.

- "Member" customers significantly contribute to revenue, emphasizing the importance of loyalty programs.

### 7. `Time and Day Analysis`:
- *Insights:*
- Afternoons generally receive the highest ratings, suggesting optimal times for customer engagement.

- Different branches have varying peak times, indicating the need for branch-specific strategies.

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### Strategic Recommendations:
- *`Tailored Marketing Campaigns`:* Leverage insights from product line analysis to create targeted marketing campaigns, especially for the best-selling categories like "Fashion accessories" and "Food and beverages."

- *`Digital Payment Promotions`:* Given the prevalence of EWallet transactions, design promotions and incentives to encourage digital payments, enhancing customer convenience.

- *`Branch-Specific Strategies`:* Customize strategies for each branch based on city-specific insights, addressing the unique characteristics and demands of each location.

- *`Loyalty Programs Enhancement`:* Strengthen loyalty programs, particularly targeting "Member" customers who contribute significantly to revenue.

- *`Optimized Pricing`:* Adjust pricing strategies considering the VAT rates in each city, ensuring competitiveness and compliance.

- *`Seasonal Promotions`:* Capitalize on seasonal trends, especially during high-revenue months like March, to maximize sales and customer engagement.

- *`Customer Experience Focus`:* Enhance customer experience during peak times, aligning staff and resources based on the identified peak hours for each branch.


These strategic recommendations aim to leverage the insights gained from the Walmart Sales data analysis, providing a roadmap for refining sales strategies, improving customer engagement, and ultimately driving business growth.
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