LONDON, October 18, 2017 /PRNewswire/ --
TPC to provide promotion and markdown optimisation services to Houser of Fraser from October 2017 onwards.
Thought Provoking Consulting (TPC), a leading specialist retail consultancy with global reach, is pleased to announce today its partnership with House of Fraser, the UK and Ireland's premium department store group.
TPC will help House of Fraser optimise promotion and markdown events using TPC's Smart Trading capabilities, this includes using its proven data science and analytic capabilities to make goal based recommendations designed to improve the sales, stock and profit performance of a variety of event types.
Maria Hollins, House of Fraser Executive Director Product & Trading, commented, "We are delighted to be working with TPC. As a multi-category business operating with a high SKU base, we believe a data driven solution is essential to optimise promotion and markdown pricing decisions. TPC has a proven track record in delivering results through agile implementation and we believe it is the best partner for House of Fraser as we continue to build on our transformation programme."
Subir Gupta, TPC Co-Founder and Managing Principal said, "We are proud to welcome House of Fraser to our growing community of high profile retail clients. We look forward to using our unique customer centric analytics and optimisation assets powered by our team of retail merchandising specialists to help House of Fraser delight its customers with ever more appealing promotion offers."
House of Fraser identified TPC as an ideal partner because of its unique customer centric service based approach, proven science capabilities, speed to benefit and willingness to partner.
About House of Fraser
House of Fraser is a department store group with 59 enviable locations across the UK and Ireland. As one of the best known names on the high street, House of Fraser has presented customers with an unrivalled nationwide department store for over 168 years. The Group has annual sales of £1.3bn and employs 5,000 House of Fraser employees and 12,500 concession staff through over 4 million sq. ft. of selling space. Customers can shop at House of Fraser from http://www.houseoffraser.co.uk.
Based in the UK and US, Thought Provoking Consulting (TPC) is a specialist retail consultancy, providing retailers with the necessary tools, processes and expertise to improve their performance and realise their strategic vision. TPC provides a range of services and solutions in Pricing, Merchandise Planning, PLM (including 3D), Programmes of Change, Supply Chain and Change Management. We aim to make complex challenges simpler through experience and pragmatism, while always being thought provoking. Read more at http://www.thoughtprovokingconsulting.com
SOURCE Thought Provoking Consulting (TPC)