Home / Knowledge / News / Information Technology / Mobile PLM markets fuel record growth in luxury sectors, Centric
Mobile PLM markets fuel record growth in luxury sectors, Centric
11
Apr '11
Centric Software Inc, recently closed out its fiscal year with record sales, significant growth and positive performance across operations.

Centric, a leading provider of product lifecycle management (PLM) for makers of hard and/or soft lines in the luxury, fashion and consumer goods industries — followed 2009, in which the global economic crisis severely affected the apparel and fast-moving consumer goods markets, with a year of significant growth and success.

"Our efforts in becoming stronger, smarter and more focused than ever are paying off," says Chris Groves, president and CEO. "Successes in the luxury industry, major customer wins and expansion into mobile PLM markets fueled record growth in important sectors, and set the stage for key Series C financing."

Among the company's highlights:

Revenue growth: For its fiscal year closing Jan. 31, Centric experienced 200 percent revenue growth in Europe over the prior year, and 100 percent growth worldwide in the fast-moving consumer goods market over the prior year.
Customer wins: Major customer wins included Balenciaga; Longchamp; Christine Laure; Western Glove Works/Silver Jeans Co.; Fox Head, Inc.; and Bravo Sports Corporation. The concentration of customers in France — with the new companies joining Groupe Overall (Dellalui, El Internationale), INTERSPORT France, and Le Coq Sportif — solidifies Centric's position as the PLM leader in the French fashion industry.
Record implementations: Centric continues to prove that companies can generate returns on their PLM investment in the short-term — specifically, within three to four months, or sooner. Bass Pro Shops Group was able to start using the Centric 8 PLM suite just one week into implementation, and Western Glove Works/Silver Jeans Co. set a record for a 12-week implementation.
Expansion in luxury sector: With customers such as Longchamp and Balenciaga coming on board, Centric continues to anchor its position in the luxury sector. According to Groves, customers in the luxury goods industry value Centric's rich functionality, ease of use, ability to handle multiple category products, and understanding that material choices and quality excellence drive product development and brand standards.
Expansion into mobile PLM products: Centric introduced patent-pending mobile applications that connect customers' products and the consumer more closely than ever. The Centric 8 Collection Book for Fashion iPad App links data from the Centric 8 PLM system to customers through an interactive mobile device, allowing fashion houses and designers to present their collections to buyers for ordering significantly sooner and more accurately.
Customer leadership: Representatives from the apparel, sporting goods and recreation, consumer electronics, home products, office products and outdoor products industries conferred on topical issues — ranging from compliance management and mobile applications to the development of Chinese suppliers — as part of Centric's Consumer Advisory Board.

Centric Highlights Fiscal Year Results

"The year has demonstrated that Centric provides the value and results companies need to improve their competitive positions," says Groves. The results set the stage for increased investor commitment to the company, which culminated in the late-February close on $7.5 million in Series C venture capital financing. "This investment provides the impetus for Centric to build on our growth and product leadership" adds Groves.

Centric Software Inc


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search