News

Urban Outfitters selects MID Retail’s Advanced Allocation Software

BY CSA STAFF

Indianapolis — MID Retail announced Urban Outfitters has selected MID Advanced Allocation Software to forecast and distribute merchandise for all store locations across its Urban Outfitters, Anthropologie, and Free People brands. The MID solution was designed to help multi-store, multi-sku retailers increase accuracy, efficiency and profitability. The system includes both pack and size optimization modules for accurate sku-level allocation and replenishment.

The Urban Outfitters brands differentiate themselves by offering a unique product assortment in a distinctive environment in their 350 stores throughout North America and Europe and through catalogs and websites.

After reviewing a number of allocation options, the company selected MID’s Advanced Allocation Software based on its robust functionality and proven technology.

“We’ve worked with the MID team over the past two decades,” said Denise Albright, executive director of planning and allocation for Anthropologie. “They’re an extremely progressive company that has a great reputation for successful installations, and we feel confident in their ability to meet both our current and future needs.”

According to MID Retail, the Advanced Allocation Software system will enable Urban Outfitters to significantly refine allocation decisions across all brands at all locations right down to the style, color and size levels.

keyboard_arrow_downCOMMENTS

Leave a Reply

P.Banik says:
Mar-25-2013 10:29 am

The software would definitely
The software would definitely help in bringing success to the venture. From planning to execution in every step of the way you must have all the technical aids that help you make the presentation and promotion of your products and services efficiently to the consumers.

P.Banik says:
Mar-25-2013 10:29 am

The software would definitely help in bringing success to the venture. From planning to execution in every step of the way you must have all the technical aids that help you make the presentation and promotion of your products and services efficiently to the consumers.

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Better than Target, not as good as Amazon

BY CSA STAFF

Wells Fargo retail analyst Matt Nemer put several leading retailers to the test this week with an innovative approach to research. According to Barron’s, he went on a $5,000 shopping spree on the websites of some of the largest Internet-only and traditional retailers. He said Amazon.com offered the best shopping experience, and he rated the retailer at outperform. Walmart.com, was said to have higher prices than Amazon’s, but had strong customer service and didn’t showed up as well in searches. Target.com meanwhile, had questionable customer service and the company didn’t show up well in searches.

According to Barron’s, the experience left Nemer “pleasantly surprised Walmart.com is making strides” online. He initiated coverage on Walmart at market perform, writing that the company’s multichannel selling strength is tempered by its lower return international investments and increasing competition from dollar stores. Nemer characterized the Target.com online experience as poor.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Imitation born of competitive necessity

BY CSA STAFF

Word out of Minneapolis this week courtesy of a Bloomberg story is that Best Buy plans to emulate Walmart’s pricing model in order to confront the issue of price transparency and simplify its operations. Smartphone wielding shoppers armed with price comparison apps have quickly changed how consumers shop and make purchases of highly considered items, such as those which dominate the product mix at Best Buy or in Walmart’s electronics department.

According to Bloomberg, Best Buy is considering curtailing three decades of tactical discounting in favor of Walmart’s everyday low price model. Curious that Best Buy would want to inform competitors of a significant shift in its pricing strategy, and also interesting is the degree to which Walmart’s approach to pricing is misunderstood.

From Best Buy’s perspective it faces the perpetual quandary of all highly promotional retailers in that consumers are wise to the game and understand that no matter how often a retail tells them, “These deals won’t last long,” the reality is another sale is always just around the corner. If Best Buy does go with an everyday pricing model it may not want to emulate Walmart where in recent years the company deviated from the EDLP philosophy to a considerable degree. New leadership has vowed to restore discipline to the notion of low prices every day, but even so the need to produce acceptable gross margins dictates that prices at Walmart tend to fluctuate as they do at other retailers and oftentimes they are optimized based on the competitive set of nearby stores. It’s why unbeatable price guarantees only extend to local competitors and online prices and different from in store prices. Best Buy won’t solve its problems by emulating Walmart because Walmart facings its own pricing challenges, including how to achieve the type of pricing differential with key competitors that enable it to deliver on the lofty value proposition of saving people money so they can live better.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...