Michael Kors Selects 7thonline to Support Rapid Growth
New York, NY - January 31, 2013 - 7thonline, the leading provider of cross channel merchandise and assortment management solutions to the apparel, footwear and accessories industries, today announced that Michael Kors, a world-renowned designer brand of luxury accessories and ready to wear, has selected 7thonline to gain greater inventory visibility, enhance global demand management and production planning capabilities for its international wholesale business.This includes top-down merchandise planning, account planning and a collaboration platform for its global retail partners.
“Michael Kors as a strong fashion force has seen amazing growth amidst global economy downturn. It has the strategic vision to incorporate the best technology out there to support their rapdi growth. We are pleased to become partners with such a renowned brand, and we aim to quickly add value through our unique solutions and years of experience serving the apparel, footwear and accessories industries.” Said Max Ma, CEO of 7thonline.
About Michael Kors
Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready to wear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors, KORS Michael Kors and MICHAEL Michael Kors labels, including accessories, footwear, watches and jewelry, men's and women's ready to wear, and a full line of fragrance products. Michael Kors stores are located in some of the most prestigious cities in the world, including New York, Beverly Hills, Chicago, London, Milan, Paris, Munich, Istanbul, Dubai, Seoul, Tokyo and Hong Kong. For more information, please visit www.michaelkors.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.