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7thOnline to Host Assortment Optimization & Size Optimization Roundtable at NRF Show
Attendees to receive complimentary optimization assessment demonstrating profit potential
NEW YORK, NEW YORK - January 4, 2007 - 7thOnline, the premier provider of assortment planning and optimization solutions to the apparel, footwear, and accessories community, will host an Assortment Optimization and Size Optimization Roundtable on January 15 and 16 at the upcoming National Retail Federation (NRF) tradeshow and expo. The session, titled "Optimize your Merchandise Assortment," will be moderated by Dr. Saman Hong, VP Analytics and Optimization Solutions of 7thOnline. Dr. Hong is highly regarded in the retail industry for his achievements in merchandise optimization and his proven track record in enabling leading retailers to drive significant gross margin improvement by implementing his math-powered solutions.
In assortment planning, retailers are challenged to identify the appropriate mix of styles, colors and sizes for each store that will contribute the most to their bottom line. Given the lack of adequate tools available to merchants, the amount of data and quantitative analysis involved in determining the optimal product allocation is prohibitive. 7thOnline's roundtable will address how science can be leveraged to decipher complex raw historical performance data in order to make profit-maximizing decisions, all in a user-friendly environment.
To demonstrate the benefits that can be derived from science, 7thOnline is offering attendees a complimentary analysis of their own POS data to identify potential "full price" sales and gross margin improvements that can be achieved through Assortment Optimization or Size Optimization.
"Assortment planning is the heart of every retail operation, and improving size distribution accuracy is the single greatest profit-driving opportunity that planners can effect," said Dr. Hong. "By incorporating science to support the art of merchandising, retailers can be confident that they are investing in a merchandise mix for each store that maximizes profit potential."
For more information or to register, please contact 7thOnline at (212) 997-1717 x0 or visit www.7thonline.com. Space is limited.
| Dates & Times: |
Monday, January 15 at 11:00am, 2:00pm, OR 4:00pm Tuesday, January 16 at 11:00am, 2:00pm, OR 4:00pm |
| Location: | Jacob K. Javits Convention Center, New York, NY Booth #355, on the EXPO Floor |
About 7thOnline
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. The collaborative capabilities enable users to share up-to-date information at any time via the system, both internally with colleagues and externally with trading partners. Customer results include higher sell-thru and lower markdowns through better assortments at the door level, better inventory matching due to earlier supply/demand visibility, shorter cycle times due to the streamlined process, and reduced operational costs resulting from significantly reduced administrative tasks and error rates. 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.
Sales
24 W 40th Street New York, NY 10018
Tel: 212.997.1717
Fax: 212.997.1133
sales@7thonline.com