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Dillard's, Kellwood, and Kurt Salmon Associates Discuss Assortment Planning Best Practices at NRF
New York, New York - January 16, 2006 -Dillard's Inc., one of the nation's largest fashion apparel and home furnishings retailers, Kellwood Company, a leading marketer of apparel and consumer soft goods, and Kurt Salmon Associates (KSA), the premier solutions provider to the retail, consumer products, and health care industries, discussed assortment planning best practices today at the NRF 95th Annual Convention & Exposition in New York City.
During the session, Kent Wiley, VP of Training and Support at Dillard's Inc., Michael Saunders, CIO of Kellwood Company, and Kathryn Cullen, Partner at KSA, discussed how to leverage optimal business processes and technology to drive better assortments at the door level. Mr. Wiley and Mr. Saunders also discussed their usage of 7thOnline ASSORTMENT PLANNER and 7thOnline COLLABORATE, and the benefits they have realized from implementing these solutions. 7thOnline is a leading provider of assortment planning and optimization solutions to the apparel, footwear, and accessories industries.
The benefits of 7thOnline cited by Dillard's and Kellwood include:
- Decrease in end-of-season excess inventory
- Improved fill rates
- Increased visibility into buying activity for vendor and retailer management
- Significantly reduced clerical activity involved in ordering
- Reduced turnaround time of order to vendor
- Earlier order commitments by 2-3 weeks (75% placed during market)
- Production demand reconciliation 2-3 weeks earlier
- Ability to shift from cut-to-forecast to cut-to-order
- Reduced error rates from 5% to 1%
Dillard's Inc. ranks among the nation's largest fashion apparel and home furnishings retailers with annual revenues exceeding $7.7 billion. The Company focuses on delivering maximum fashion and value to its shoppers by offering compelling apparel and home selections complemented by exceptional customer care. Dillard's stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources. The Company operates 330 Dillard's locations spanning 29 states, all with one nameplate - Dillard's.
About Kellwood Company
Kellwood, a marketer of apparel and consumer soft goods with sales of $1.9 billion, specializes in branded as well as private label products, and markets to all channels of distribution with product specific to a particular channel. For more information, visit www.kellwood.com.
About KSA
Kurt Salmon Associates (KSA) is the premier global solutions provider focused exclusively on the retail, consumer products, and health care industries. Celebrating 70 years of excellence, KSA helps clients achieve significant gains through strategic growth initiatives, superior product performance, and comprehensive enabling technologies. From concept to consumer, KSA's portfolio of services helps clients in the Americas, Europe, and Asia-Pacific achieve lasting, meaningful improvements that create true distinction in the marketplace.
About 7thOnline, Inc.
7thOnline is the premiere provider of web-centric assortment planning and optimization solutions targeted to the global apparel, footwear, and accessories community. 7thOnline's offerings encompass visual and quantitative top-down and bottom-up assortment planning tools, powerful analytical and optimization engines, and automatic order transmission capabilities in multiple formats. 7thOnline's user community currently includes Belk, Dillard's, Federated Department Stores, Jones Apparel Group, Kellwood, Kohl's, Liz Claiborne, Saks Inc., and many others.
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