Best Practice | Planning Intelligence Helps Jimmy Jazz Increase Full-Price Sales

Business Challenges

Jimmy Jazz struggled with low product planning accuracy and limited demand forecasting capabilities for various regions and stores, resulting in missed sales opportunities and high markdowns. With a backlog of inventory and limited cash flow, they sought a solution to help them predict trending products and improve full-price sell-through of products. 

Solution

Through smart recommendations by the system’s sales forecasting capabilities, Jimmy Jazz was able to increase sales revenue and profit margins by improving the accuracy of product planning. The enhanced predictive ability helped the team improve assortment planning and revamped their inventory structure to reduce product markdowns. The new structure addressed their backlog challenge and enabled their team to free up enough capital to support the company’s expansion strategy. 

Company Profile

A premiere destination for leisure and sports footwear and apparel in the United States, Jimmy Jazz (a SNIPES company) is an authorized retailer for 74+ brands, including Nike, Adidas, Puma, FILA, etc. A well-known streetwear retailer, Jimmy Jazz operates nearly 170 stores in the United States.