-- TALLY WEiJL Completes Successful Implementation of the Q Platform
LONDON and MINNEAPOLIS, June 4, 2013 /PRNewswire/ -- TALLY WEiJL, international fashion label, has chosen and gone live with Quantum Retail's software solution, Q, to optimise store inventory for its 781 stores located in 31 countries.
As TALLY WEiJL continued to expand internationally, the challenges associated with its supply chain increased. The retailer realised it needed a solution that would support its future, focusing on local understanding, intuitive tools, best practices and growth support. After analysing several different platforms, TALLY WEiJL determined Q would have the biggest impact on its business by maximising full priced sales revenue, eliminating inventory imbalances, reducing markdowns, and meeting operational imperatives. In the future, as TALLY WEiJL continues to expand and diversify its brands and apparel ranges, Q will provide the insight and tools required to successfully support a complex supply chain as well as new demographic and channel format opportunities.
"We see Q helping TALLY WEiJL optimise our store stock, reduce stock outs and markdowns whilst reducing the overall levels of stock committed to stores. With such a diverse store portfolio, differing seasonalities and regional tastes, we needed a tool to stock for 'local' needs to support our continuing international growth," stated TALLY WEiJL's CFO Simon Michell. "Q is everything we have been looking for: a clear user interface, a focus on our merchandise strategies, an understanding of item behavior at the SKU/location level, a merchandise goals based approach and the ability to provide high service levels to our customers. This will position us to meet our future challenges."
Q, an award-winning platform for retail innovation, takes the correct mix of science, retail intelligence and merchandising art to ensure that every store in a supply chain carries the appropriate inventory while maintaining relevant service levels. Q understands and reacts to constantly updated data on product and customer behaviour, using it to significantly reduce markdowns and create rapid return on investment.
TALLY WEiJL joins Quantum Retail's successful tier-one retail customer base.
About Quantum Retail Technology, Inc.
The market is asking new questions. You need new answers. Q answers the new questions facing retailers today with solutions that enable them to profitably buy, move, and sell merchandise, solving the most complex and costly problems they face - quickly and permanently.
Q is the answer for: Assortment and Range Planning - Forecasting and Order Planning - Replenishment and Allocation.
Every Quantum Retail customer has achieved rapid results in less than 6 months. For more information visit http://www.quantumretail.com. Follow Quantum Retail on Twitter at http://twitter.com/quantumretail.
About TALLY WEiJL
As a leading international fashion label, TALLY WEiJL designs, produces and sells fashion for young women. After being founded in 1984 in Switzerland by Tally Elfassi Weijl and Beat Grüring it quickly grew its fashion empire and now has 781 stores in 31 different countries. It fast became a style innovator and an international source of must-have fashion offering a selection of edgy and on trend accessories and apparel – sure to make every girl feel fabulous.
SOURCE Quantum Retail Technology, Inc.