Evaluate the sales-based performance of retail locations
using transaction-based scoring and analytics
What is Mastercard Retail Location Insights?
Mastercard Retail Location Insights (MRLI) draws on Mastercard transaction data to evaluate the sales-based performance of retail locations across Australia. Using an indexed scoring system, MRLI ranks each location against all other locations across a number of different merchant categories. MRLI scores are provided from the mesh block level, all the way up through the census hierarchy to the state level.
Five (5) individual scores and a composite (upfront) score are provided for each location:
Monthly sales (value)
Number of monthly transactions (volume)
Average ticket size
Sales growth year over year
Stability ranking of the merchant turnover versus a year ago
UpFront Score derived from the five component scores above to provide a single measure of performance for a given location.
With over 2.3 billion cards globally and over 160 million transactions per hour, MRLI is not a proxy for behaviour - it is actual spending behaviour.
MRLI will compliment CoreLogic’s existing commercial property product suite and offer a new level of insight for commercial retail property.
3 ways Mastercard Retail Location Insights can benefit you:
Greater transparency into retail sales activity to support key retail commercial real estate investment decisions
Make informed decisions by accessing timely and accurate retail spend data to validate, evaluate and benchmark commercial retail locations throughout Australia
Receive insights into current and future trends of a location to identify areas of potential growth
Interactive mapping tool (Available via Desktop and iPad)
Provides online access to geographical insights including mesh block, state/territories and all of Australia
Offers all six MRLI scores including: Sales, Transactions, Average Ticket Size, Growth, Stability and the composite UpFront score
Allows metrics to be viewed by month going back to December 2013
Displays merchant count and mix for any retail area
Enables score filter by merchant categories: Total Retail, Eating Places, Apparel and Total Retail excluding Eating Places
Mastercard Retail Location Insights is a suite of new products that 1) measure the sales-based performance of a retail location by using anonymised and aggregated Mastercard transaction data to create Retail Location Scores and 2) provide insights to help industry professionals validate, evaluate and benchmark retail locations throughout Australia.
Retail location scores are derived from anonymised and aggregated Mastercard transaction data generated at retail locations from credit, debit and prepaid card payments. Mastercard leverages its proprietary 2+ billion credit and debit card network, processing 160 million transactions per hour, to develop proprietary Mastercard Retail Location Scores. These scores may be used to evaluate the sales-based dynamics of a location measuring sales (dollars), transactions (units), ticket size (average sales price), growth and stability of a retail location. In addition, these individual components are calculated in an overall performance score for the location, known as the Composite UpFront Score.
Mastercard uses the location of merchants and the date, time and amount of the transaction to create a “time series of data” to build its products. Mastercard aggregates, anonymises and normalises this information at all levels of the geographic hierarchy.
At CoreLogic, we are passionate about property data and how we collect it from more than 600+ industry, public and government sources which is more than any other provider.
With coverage of 98% of the Australian property market and more than 500 million decision points in our database, we’re absolutely passionate about data accuracy which allows us to deliver on our promise of the most reliable and powerful property insights and analytics.
We also protect privacy with our strict Trust Through Transparency policy.
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.
With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.