Jimmy Jazz Selects 7thonline's Retail Merchandise and Assortment Solution to Support Rapid Expansion
Increased Sales and Improved Margins Realized by Localized Demand Driven Assortments
New York, NY – May 1, 2012 – 7thonline, the leading provider of cross channel merchandise planning and assortment management to the retail and wholesale industry, today announced that Jimmy Jazz, a multi-channel urban fashion retailer with over 170 stores and an award winning clothing/sneaker website, has selected 7thonline Merchandise and Assortment Management to increase productivity of its inventory and merchandising process. This includes merchandise financial planning, visual and analytical assortment planning, in-season OTB management and demand forecasting, with embedded business intelligence based on powerful optimization engines.
“With 7thonline, we expect improved profits and product margins by executing localized, demand-driven store assortments,” said Jimmy Khezrie, President & Founder of Jimmy Jazz. “We will be able to move to a proactive buying model, with better visibility into inventory utilization and store demand ensuring a greater experience for our customers.”
“We are excited to work with a fast growing, progressive multi-channel retailer like Jimmy Jazz,” stated Louise Chazen, President of 7thonline. “Our proven ability to support and help retail organizations during expansion in all channels with our deep industry expertise and leading edge solutions is what 7thonline is all about.”
About Jimmy Jazz
Today, Jimmy Jazz has over 170 stores on major streets and malls in the eastern United States, which includes over 30 in the New York Metro area. JimmyJazz.com is an award winning website that was launched in summer 2009. The website and stores feature premier lifestyle brands including Rocawear, Akademiks, Baby Phat, Coogi, Adidas Originals, Creative Recreation and Nike, to name a few. In addition to easy and convenient shopping, JimmyJazz.com is updated on a daily basis with the most current urban lifestyle content available, making our web store an all-in-one destination for shopping and entertainment. For more information, please visit www.JimmyJazz.com.
7thonline is a leading provider of cross-channel merchandise and assortment management solutions to the Apparel, Footwear, and Accessories industries. Deployed in the cloud or as enterprise software, 7thonline solutions enable more effective planning, demand forecasting, and inventory optimization for fast-growing, omni-channel, leading brands. With embedded business intelligence and rich analytics, the company's solutions offer complete demand visibility and planning capabilities for wholesale, retail, and e-commerce—enabling increased sales, reduced markdowns, improved margins, and enhanced profitability. Customers include Bestseller, Brooks Brothers, Calvin Klein, Fast Retailing USA, G-III Apparel Group, GRI Retail Group (Hong Kong), Michael Kors, Nautica, Oakley, Patagonia, PVH and VF, among others. 7thonline is headquartered in New York, NY and has global offices in mainland China. To learn more, visit www.7thonline.com, read our blog at www.retailplanningblog.com, and follow us on Twitter at http://twitter.com/7thonlineInc.