Home / Knowledge / News / Information Technology / Hotter Shoes selects First Insight's predictive analytics

Hotter Shoes selects First Insight's predictive analytics

19
Dec '19

Pic: Hotter Shoes

UK’s largest shoe manufacturer, Hotter Shoes, and First Insight, a leading digital product testing and decision-making platform, have announced their new partnership. Using First Insight’s consumer-driven predictive analytics, Hotter Shoes will now be able to make accurate design, buying and pricing decisions on the new products it offers to its consumers.

First Insight uses online social engagement tools to gather real-time customer preference, pricing and sentiment data on potential product offerings. The information is filtered through First Insight’s predictive analytic models to determine which products present the greatest opportunity. The solution is enabling Hotter Shoes to increase its speed to market and inform merchandising assortment decisions, according to First Insight.

“Hotter Shoes has spent decades building its business around innovation and creating high-quality products for its customers. We’re excited to partner with Hotter Shoes and help them optimise their operations and eliminate the guesswork that’s typically involved in product development by incorporating the voice of the customer into each step of their process,” Greg Petro, CEO and founder of First Insight said.

“Implementing First Insight’s digital product testing and predictive analytics will enable us to increase product sell-through and margins using direct feedback from our customers. Leveraging the voice of the customer to optimise our buying decisions and assortment selections will help us to offer the right products at the right price as we continue to grow our business domestically and internationally,” Victoria Betts, chief commercial officer of Hotter Shoes said.

Fibre2Fashion News Desk (GK)

More Information Technology News - United States Of America...