Poor assortment planning can have a domino effect throughout the entire apparel season, beginning with inaccurate buying and concluding with deep discounting..
Many issues can be traced back to legacy retailing strategies, in which merchandisers used spreadsheets and "gut feel" to make their decisions. While these practices may have once reigned as rule of thumb, the growth of e-commerce—and the accompanied spike in consumer expectations—has translated into a host of new, often untested variables retailers must account for.
With little room for error, it's now accuracy and precision that are table stakes, and advanced data analytics have emerged as one of the most meaningful ways for retailers to create and execute highly accurate merchandising decisions throughout all of their operations.
Download the Winning Retail Merchandising Best Practices in Fashion whitepaper to learn how to use data across the merchandise lifecycle to increase profitability.
Please provide the following information: