Which innovative data analytics approach did Nike implement in 2018 that revolutionized their inventory management and reduced overstocking by 30%?

In today's competitive sports retail landscape, companies are increasingly turning to advanced analytics to stay ahead. From understanding customer preferences to optimizing inventory, data has become the MVP behind the scenes. This trivia question explores how major sports retailers are leveraging retail data analytics to transform their business strategies and enhance the customer experience. Test your knowledge about the intersection of sports business and modern data science!

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Consumer Demand Sensing (CDS) - AI-powered algorithm that analyzes social media trends to predict regional product demand
Blockchain Inventory System (BIS) - Distributed ledger technology that tracks products from manufacturing to point of sale
Seasonal Rotation Intelligence (SRI) - Weather pattern analysis algorithm that adjusts inventory based on forecasted conditions
Virtual Try-On Analytics (VTOA) - Data collection from AR try-on sessions to determine most appealing products by region