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Tradestone showcases its expertise at Retail Technology Conference
01 Jul '08
2 min read
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.
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
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