Brick by brick every major business decision is built on the foundation of demand forecasts. However, forecast accuracy is something that is rarely talked about, except within supply chain organizations.
Digital supply chain, digital customer experience, product experience, and real-time marketing capabilities are reframing commerce management for the digital age. The arrival of Experience Lifecycle Management will put enhanced profit levers into the hands of the apparel merchant and category manager.
Amid a charged crowd in Dallas, Kevin Sterneckert, CMO, Symphony RetailAI, opened the Xcelerate, Breathing AIR into Retail event. Uncover how two days packed with exciting presentations really drove home the idea that knowing your customers is the key to never losing them.
Many retailers depend on disconnected systems for demand forecasting and are missing the big picture when it comes to how fresh impacts center store categories and vice-versa. Joe Skorupa, Editorial Director for RIS News, and Kevin Sterneckert, Chief Marketing Officer for Symphony RetailAI discuss why retailers need a holistic view of consumer demand across all categories.
The department store segment continues to reinvent itself through acquisitions and an increased focus on off-price merchandise. Apparel Magazine's annual ranking of the top department stores saw a new retailer in the top spot. See where Macy's, Kohl's, Sears and others ranked.
After cutting through hype about the role of artificial intelligence in retailing one thing is certain – it will drive a stake through the heart of linear merchandising processes and managing by averages.
The off-price retailer has implemented a cutting-edge, cloud-based omnichannel suite to consolidate its planning and forecasting capabilities. Learn more about the implementation and the SaaS solution’s unique capabilities.