Keep Your Finger on the Pulse…
Proper Planning the Key.
The term localization is arguably the hottest word in retail merchandising today. Getting the products to the store that the local market wants, in the right quantity, in the right color, in the right size and priced to sell to maximize sell-through and profitability is the “Holy Grail” of any retailer. The ability to keep your finger on the pulse of local changing consumer demands will be the key to growth.
Retail is complex and it gets more complex every day. An erratic economic environment, eroding consumer confidence, and global expansion are just a few of the challenges facing the industry today. “All store” assortments initially helped retailers to expand efficiently, but localization has enabled a number of leading retailers to stand out from the crowd and gain market share. Just as too much standardization leads to stagnation, too much localization can cause costs to spike. Many of the industry leaders have learned to strike the right balance through planning.
7thonline's Cross Channel Merchandise and Assortment Management allows merchants to work more intelligently and efficiently at each stage of the merchandising process by leveraging the power of “art and science”. With the visibility and business intelligence provided, merchants are able to perform the art of executing optimal assortments driven by current trends, historical performance, financial plans, local demand and supply constraints. You can now ensure that strategic and financial objectives are met and that you are investing in a merchandise mix that maximizes profit potential.
7thonline provides:
- A merchandise plan that is integrated to your assortment plan
- Multiple plans (Budget, Budget Re-forecast, Merchandise Plan, Projections) in one location for analysis and reporting
- Weekly Open to Buy (OTB) down to door level
- Comprehensive aggregated sales/inventory/profit reports with flexible rollups from any planning level available Monday morning
- Increase Revenue
- Improve Margins
- Reduce Markdowns
- Greater Sell Through
- Improve Inventory Turns
- Collaboration Across Retail, eCommerce, & Wholesale
