NEW YORK, Jan. 7 /PRNewswire/ -- Kellwood Company (NYSE: KWD) will discuss
their size optimization initiatives with major retail clients at the upcoming
National Retail Federation (NRF) 97th Annual Convention & Exposition in New
York City:
Topic: Kellwood and major department store retailers determine the
optimal merchandise size distribution by individual store
to eliminate early size breaks, increase regular priced
sell-thru by door, reduce end-of-season markdowns, and
reduce operational handling charges. Presenters will
discuss open stock vs. prepack as well as the operational
issues of implementing size optimization.
Date & Time: Monday, January 14, 11:45AM - 12:15PM EST
Location: Jacob K. Javits Convention Center, New York, NY
Room 3D04 in the EXPO Hall
Registration: Space is limited. Please contact 7thOnline to register or
for more information at info@7thonline.com or
(212) 997-1717 x0.
Kellwood selected 7thOnline Size Optimization for this initiative given
7thOnline's industry expertise as well as the success of 7thOnline's
assortment planning initiatives within multiple Kellwood divisions. Through
historical POS analysis and an optimization algorithm, 7thOnline Size
Optimization provides: 1) size ratios by class by store for open stock, 2)
optimal pack configurations by pack size, and 3) pack distribution to
accommodate individual retail store needs. The sizing recommendations are
uploaded into the 7thOnline Assortment Planning system so that merchants
can seamlessly apply optimized size scales to store orders.
"Through the analysis provided by 7thOnline, we can now be confident
that we are supplying our retail clients with the right sizes for each
branch store that will match local demand," stated John Davis, Director of
Retail Analysis and Planning Systems at Kellwood Company. "We expect this
new size optimization strategy to drive sales through greater in-stock
sizes and to decrease markdowns by reducing over-stocked sizes. The
resulting increases in profit margins are a win-win for both Kellwood and
our retail accounts."
"We are pleased to work with Kellwood on this initiative, as we believe
improving size distribution to better match floor assortments with local
consumer demand is one of the most rapid and cost-effective ways to impact
profitability," stated Dr. Saman Hong, VP of Analytics and Optimization
Solutions at 7thOnline. "All retailers and manufacturers should take
advantage of this type of optimization given the minimal resource
requirements and the immediate and substantial benefits."
For more information, please visit http://www.7thonline.com or booth #1243 at
the show.
About Kellwood Company
Kellwood (NYSE: KWD) is a $1.6 billion leading marketer of apparel and
consumer soft goods. Specializing in branded products, the Company markets
to all channels of distribution with products and brands tailored to each
specific channel. Kellwood brands include Vince(R), HOLLYWOULD(R), Phat
Farm(R), Baby Phat(R), Sag Harbor(R), Koret(R), Jax(R), Democracy(R),
Sangria(TM), Jolt(R), My Michelle(R), Briggs New York(R), Hanna
Andersson(R), Onesies(R), Kelty(R), Royal Robbins(R) and Sierra Designs(R).
Calvin Klein(R), XOXO(R), David Meister(R), Gerber(R), and O Oscar, an
Oscar de la Renta Company, are produced under licensing agreements. For
more information, visit http://www.kellwood.com.
About 7thOnline
7thOnline is the premiere provider of web-centric assortment planning
and optimization solutions targeted to the global apparel, footwear, and
accessories community. 7thOnline's offerings encompass visual and
quantitative top-down and bottom-up assortment planning tools, powerful
analytical and optimization engines, and automatic order transmission
capabilities in multiple formats. 7thOnline's user community includes AK
Anne Klein, Belk, Dillard's, IZOD, Jones New York, Kellwood Company,
Kipling, Kohl's, Liz Claiborne, Liz Claiborne Accessories, Macy's Inc.,
Nautica, Phillips-Van Heusen, Sigrid Olsen, VF Corp., Villager and others.
For more information, please contact:
7thOnline
Phone: (212) 997-1717 x0
email: info@7thonline.com
http://www.7thonline.com
SOURCE 7thOnline
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Related links:
http://www.7thonline.com
http://www.kellwood.com
CONTACT:
7thOnline, +1-212-997-1717 x0,
info@7thonline.com
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