Saks Fifth Avenue is streamlining its inventory buying and merchandising capabilities with the help of a new tech platform.
The apparel retailer has teamed with NuORDER, a B2B e-commerce and retail assortment solutions provider, to digitally curate and deliver a fresh merchandise assortment across the apparel, footwear and accessory verticals. It’s also expected to help the Saks buying team more efficiently identify merchandising opportunities aligned with seasonal trends and customer expectations.
Tracy Margolies, Saks Fifth Avenue chief merchant, said the company has been evolving its merchandise strategy to maintain leadership in the luxury retail space and deliver the optimal product mix for its customers. “While these efforts have been underway for some time, the current environment has given us the opportunity to accelerate our plans,” Margolies noted.
The adoption of the NuORDER platform is projected to aid collaboration with Saks’ vendor partners, as well as drive inventory efficiency and ensure merchandise effectiveness across all touchpoints.
Saks plans to utilize NuORDER’s technology across its buying, planning, digital and marketing functions so it can apply a more data-driven approach in decision making, forecasting and performance analytics. Its vendors, meanwhile, will have access to a more streamlined and integrated selling experience through the use of centralized, digital linesheets and catalogs. They will also be able to collaborate in real-time.
FedEx Corp. and Microsoft Corp. have teamed up once again as part of their multi-year collaboration to “transform commerce, supply chains and logistics,” this time introducing a cross-platform “logistics-as–a-service” offering for retailers, merchants and brands.
Every year readers check in with RIS to see what retail news, trends and sessions were vital to the industry and to catch up on what they might have overlooked. The following are all the top takeaways from The Big Show 2022.