Home / Knowledge / News / Information Technology / Tradestone showcases its expertise at Retail Technology Conference
Tradestone showcases its expertise at Retail Technology Conference
01
Jul '08
TradeStone Software, the retail industry's leading provider of private label and global sourcing solutions, announced TradeStone CEO Sue Welch recently presented at Citi's Retail Technology Conference.

Welch's co-presentation with Lori Schafer, executive advisor of SAS Global Retail Practice, focused on how retailers can integrate the creative process of product design and sourcing with the model-driven analytics used to develop an assortment plan to match their merchandise mix more closely to consumer demand and trends.

By doing so, retailers can increase the number of on-trend items they have on shelves – allowing them to sell more items through at full price and saving hundreds of millions of dollars a year in markdowns.

TradeStone's postponement strategies allow retailers to wait until the last minute to impact color, size, geography and silhouette. This allows for multiple in-season product modifications based on sales and predictive analysis to enable dynamic re-assortments of new products within original commitment quantities. TradeStone's ability to dynamically apply global costing to product variations measures both margins and profits.

“As retailers look to link design, sourcing, and planning, they need to unify these often siloed approaches to create a significant impact to the bottom line,” said Sue Welch, CEO, TradeStone Software.

“The Citi conference was a great opportunity to present our results driven approach to private label development and global sourcing and to talk about incorporating planning and forecasting to support in season changes to products and assortments. Many of TradeStone's customers, including Macy's, Kohl's and Urban Outfitters presented as well, validating our approach of bringing prediction closer to production.”

Citi's Second Annual Retail Technology Conference provided a forum for investors to learn more from technology vendors on current trends in retail and to hear from seven retailers on their technology investments, goals and outlook.

The goal of the conference was to help investors deepen their understanding of the key technologies impacting retailers today and evaluate which companies have the wherewithal to successfully implement these technologies to produce the desired return on investment.

TradeStone Software


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search