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Adding incredible technology to the only End-to-End Integrated Planning Platform. PLM, Planning, Pricing, and Visual Boards...AI Driven. #ai #ml #plm #planning #assortment #pricingoptimization #promotionaloptimization #endtoendsolutions #merchandising

#Retailers, it’s time to decode the art of stocking with precision. In our latest blog, discover how to leverage size curves-based #forecasting methods to curate the perfect #assortment mix for your #retail success. Read on! https://lnkd.in/gzPSmD9D #merchandising #assortmentplanning #ai #retail #retailtech #

After two decades of investing in the science of retail, it’s time for the industry to better balance technology solutions with a deeper understanding of art. My latest OpEd for The Business of Fashion. #Art #Retail #Marketing

Is #art the future of #retail #experiences? I have all the feelings about this, as a content strategist and former academic who wrote an entire book about the intersections between poetry and music and their perceived effects on the human imagination. This is a really thought-provoking piece by Doug Stephens for The Business of Fashion. I say yes to more #art but maybe not less science but a balanced approach with more contextualized technology focusing on building meaningful human experiences. Not to sound like a broken record, but #brandstorytelling in #retail doesn't work without a solid vision-centric strategy (preferably a #contentstrategy framework and roadmap) to empower brand stories and vision into significant, memorable experiences across platforms. This is what so many fashion and luxury brands miss when they attempt to do narrative marketing. It's not enough to throw a celebrity into a fashion film with half a story and have that promote a product. Consumers want and expect a more personalized, immersive approach from every part of the retail experience, as Doug writes. I cannot ignore the artistic side of #fashiontech, as #digitalfashion creatives offer so many beautiful ideas for the future of fashion and a more #sustainable one at that. I feel strongly that technology and art in tandem will provide solutions to fashion's overconsumption problem, such as through more targeted product modeling and inventory forecasting or through encouraging people to buy less and to be smarter shoppers. #fashion #luxury #retailinnovation #retailstrategy #luxurystrategy #fashionstrategy #strategy #retailtech #fashionmarketing #marketing #innovation #futureoffashion #sustainability #sustainablefashion #xr #ai

📚 How can using robust auto allocation and replenishment tools help reduce obsolescence inventory in the world of fast-paced Fashion? Let's dive in and find out! 👉 The industry of Fashion is constantly evolving with new trends emerging by the day. However exciting it may be for the consumers and designers alike; it poses significant challenges for retailers when it comes managing inventory. 👗 Obsolescence inventory refers specifically tо thе unsold stock thаt bесоmеs out оf date оr irrelevant tо thе current market trends. This situation is problematic as it not only occupies valuable space but also results in financial losses due tо markdowns аnd write-offs. ✅ That's where robust auto allocation and replenishment tools come into play! These technologies use advanced algorithms and data-driven insights tо accurately predict demand аnd allocate thе right inventory tо thе right store аt thе right time. 💡 By optimizing the allocation process and accurately replenishing stores based on real-time data and market trends; retailers can reduce obsolescence inventory significantly! This not only saves costs but also ensures that the latest and most relevant products are always available for the customers. 🌟 So if you're in the Fashion industry and looking tо tackle inventory management challenges effectively in order tо reduce obsolescence inventory and drive profitability; investing in robust auto allocation and replenishment tools is certainly worth considering! 📢 If you want tо know mоrе about how these tools work and hоw they саn benefit уоur business; feel free tо reach out! Our team of experts is here tо help you navigate the changing landscape оf Fashion inventory management. Let's take Fashion retailing tо new heights together! 👩 #retail #planning #fashion #ml #ai #demandforecasts #forecast #retailplanning #inventorymanagement https://reor.in/

Get the point Doug that retail purchases (and most purchases frankly) are largely emotionally based, so taking a more artistic approach to retail marketing / selling should translate to more brand sales. As opposed to treating consumers only as an entry in cell A2 on an excel spreadsheet. However like most things the path forward is not a binary choice of Technology versus Artistic approach. More #science is arguably and actually needed in the retail industry, and apparel especially, to tackle 2 large problems today. (1) Ballooning inventories due to more supply / demand disconnect and (2) Large amounts of waste generated from single / low use fashion purchases as an example that unfortunately end up in too many landfills. We need better, more era appropriate algorithms to understand and utilize true demand signals, and pull supply to match current demand. And hence reduce waste associated with pushing inventory / product to consumers that is not needed. Long product development and production cycles exacerbate this problem. We also need science to help us develop more circular economy approaches that minimize waste and CO2 emissions associated with the industry. The worst thing for the planet would be to generate higher sales / polluting economic activity only. We have to find solutions to solve the waste problem and science / technology has a key role to play here. #technologysolutions #technologyleadership #supplychainsolutions #supplychainmanagement #sustainability #sustainablefashion

How can AI revolutionize retail forecasting? o9 Solutions, Inc.'s Santiago Garcia-Poveda Maria shares his insights with The Business of Fashion. Find out how AI is helping retailers predict what shoppers will buy and enhance merchandising planning capabilities. Read the article here: https://okt.to/mJ3T4w #AI #RetailForecasting

Attention! Fashion Merchandisers, Retailers, and Manufacturers! 🗣️ Woven Inisghts offers you highly accessible and actionable retail market & consumer insights to help you create Market-Ready and Consumer-Aligned fashion products, and stay ahead of the competition. Take advantage of: 👉 Replenishment Insights, showing you the fastest moving fashion categories, colours and brands per time. 👉 Colour Insights, to help you understand the psychology behind colours in the fashion market. 👉 Sentiment Analysis, to let you understand the market’s sentiment for specific products. 👉 Pricing Analytics, with which you can uncover your competition’s pricing strategies. 👉 Attribute Analysis, letting you know exactly what shoppers think about a product’s fit, aesthetics, price, material, and more! 👉 Assortment Insights, uncovering the merchandising strategies of top brands and retailers. 👉 The most affordable pricing in the industry 💯 Follow the #ProductHunt launch here ⬇️ https://lnkd.in/d4nzH3rg #AI #FashionBusiness #BusinessIntelligence #CompetitiveAnalysis #SentimentAnalysis #Merchandising #saas #Merchandiser

The Future of Retail Management in Fashion: Insights from Macy's AI Integration Macy's serves as a prime example of how advanced AI technologies are reshaping the future of retail management in the fashion industry. By leveraging cutting-edge AI recommendation engines, Macy's is revolutionizing the shopping experience, setting a standard for the industry. These AI systems analyze vast customer data—including past purchases, browsing behavior, and demographic information—to deliver highly personalized product recommendations. Unlike traditional recommendation systems, Macy's AI goes further by incorporating seasonal trends, fashion styles, and even weather patterns, ensuring a curated shopping experience that resonates with each individual customer. This level of personalization not only enhances customer satisfaction but also significantly boosts the likelihood of purchases. The implications for retail management across the fashion industry are profound. Managers must now focus on integrating these advanced AI systems into their operations. By meticulously analyzing customer data, they can identify specific segments and tailor marketing messages with unprecedented precision, ensuring that customers receive relevant promotions and offers. This approach maximizes the effectiveness of marketing efforts and fosters stronger customer relationships. Beyond enhancing the customer-facing experience, AI is transforming backend operations, particularly in inventory management and logistics. Macy's uses AI algorithms to analyze sales data and predict future demand for specific products. This allows them to stock the right products in the right stores at the right time, minimizing the risks of stockouts and overstocking. Retail managers across the fashion industry will need to adopt similar strategies to optimize inventory management and ensure a seamless shopping experience. As Macy's continues to embrace AI, the role of retail management is becoming more critical. Managers must ensure the seamless integration of AI technologies, train staff to work with these new tools, and continuously adapt strategies based on AI insights. The future of retail management in fashion promises to be more personalized, efficient, and customer-centric, driving the industry forward in an increasingly competitive market. In summary, Macy's AI integration highlights the transformative potential of AI in retail management. By following Macy's example, fashion retailers can enhance customer satisfaction, optimize inventory management, and create more effective marketing strategies, ensuring a thriving future in the retail landscape.