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Full-Time

Retail Consultant

New Jersey

Posted on 6/25/2024

Focal Systems

Focal Systems

51-200 employees

Automates retail operations with AI technology

Consumer Software
AI & Machine Learning
Consumer Goods

Compensation Overview

$100k - $120kAnnually

+ Stock Options

Senior, Expert

Newark, NJ, USA

Remote with regional travel. Local candidates only

Category
Management Consulting
Consulting
Required Skills
Communications
Requirements
  • Bachelor's degree or equivalent work experience
  • 8+ years professional experience with 5+ years in retail management
  • Experience in a large big-box retail environment preferably on digital transformation and/or process improvement initiatives
  • Excellent communication, interpersonal, and listening skills
  • Strategic/big-picture thinking skills with high intellectual curiosity
  • Start-up mindset and work ethic
  • Must have a reliable vehicle and ability to commute to regional stores
Responsibilities
  • Maximize Customer Utilization
  • Increase Customer Satisfaction
  • Demonstrate Measurable ROI to the Customer

Focal Systems automates and optimizes retail operations for physical stores using artificial intelligence. Its main product, FocalOS, is an operating system that improves store management and inventory processes while enhancing financial performance. FocalOS uses battery-powered, WiFi-enabled cameras to scan shelves hourly, providing retailers with real-time data on inventory levels. This allows stores to manage stock more efficiently and quickly address supply issues. Unlike competitors, Focal Systems focuses specifically on the needs of brick-and-mortar retailers, offering both software and hardware solutions. The company's goal is to enhance operational efficiency and reduce labor costs for retailers, ultimately delivering significant value in the retail technology market.

Company Stage

Series B

Total Funding

$41.8M

Headquarters

Menlo Park, California

Founded

2015

Growth & Insights
Headcount

6 month growth

14%

1 year growth

49%

2 year growth

79%
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Simplify's Take

What believers are saying

  • Partnerships with major retailers like Walmart Canada and Village Super Market demonstrate Focal Systems' ability to scale and integrate effectively.
  • The company's entry into the UK market and collaboration with the British Retail Consortium highlight its potential for international growth.
  • Focal Systems' technology significantly reduces labor costs and improves inventory management, offering substantial financial benefits to retailers.

What critics are saying

  • The retail technology market is highly competitive, requiring continuous innovation to maintain a leading position.
  • Dependence on hardware components like cameras could pose supply chain risks and impact service delivery.

What makes Focal Systems unique

  • Focal Systems leverages AI-driven automation to provide real-time, accurate shelf inventory data, setting it apart from traditional retail management solutions.
  • Their cost-effective, battery-powered, WiFi-enabled cameras offer continuous monitoring, a unique feature that enhances operational efficiency.
  • Focal Systems' focus on brick-and-mortar retailers allows them to address specific challenges in physical store management, unlike broader retail tech solutions.

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