Saks to enhance assortment localization with BI
A leading luxury retailer is improving its ability to align store-level merchandising with relevant trends.
Saks Fifth Avenue will leverage the business intelligence (BI)-based ERP platform from NuOrder to streamline its buying process and merchandising approach. The retailer hopes to enable an enhanced luxury shopping experience for customers across all channels.
Saks will deploy NuOrder technology to digitally curate and deliver a fresh merchandise assortment across the apparel, footwear and accessory verticals. By using the system’s ability to visually present the full seasonal market buy, the Saks buying team hopes to more efficiently identify merchandising opportunities aligned with seasonal trends and customer expectations.
Saks plans to utilize the platform across its buying, planning, digital and marketing functions, in order to apply a more data-driven approach in decision-making, forecasting, and performance analytics. In addition, Saks’ vendors will have access to a more streamlined and integrated selling experience through the use of centralized, digital linesheets and catalogs, as well as the ability to collaborate in real-time.
“Saks Fifth Avenue is known for delivering an effortless and individualized customer experience. As part of this, we strive to offer an assortment that is new, unexpected and exclusive,” said Tracy Margolies, chief merchant, Saks Fifth Avenue. “To maintain our leadership in luxury retail, we have been evolving our merchandise strategy to continually deliver the best edit for our customers, when and where they want it. While these efforts have been underway for some time, the current environment has given us the opportunity to accelerate our plans. Our adoption of NuOrder’s data-driven platform is an important step in our strategy, enabling us to better collaborate with our vendor partners, drive inventory efficiency and ensure merchandise effectiveness across all touchpoints.”