Urban Outfitters trims low-profit SKUs to boost margins

Foresight RetailIn the News

Credit:Daphne Howland/Retail DiveFirst published on Dive Brief: Urban Outfitters trimmed SKUs among other moves in its three-year push to increase profitability and offset freight costs, CEO Richard Hayne said during a Q1 earnings call. “[SKU rationalizations are] put into place in order to get rid of some of the items that are very low quantities,” Hayne had explained to analysts … Read More

Australia Post Successfully Implements Foresight Retail’s Planning Solution On Time And On Budget To Support Their Strategic Sales Growth

Foresight RetailFSR News

Foresight Retail is delighted to announce that Australia Post have successfully implemented Foresight Retail to help them deliver a Merchandise Planning Solution to support their strategic growth plans. The project was completed on time and on budget, and is already being rolled out successfully. Australia Post’s Head of Merchandise and Planning, Jarrod Bryant says “We recognised that Foresight Retail had extensive … Read More

The PAS Group select Foresight Retail’s Planning and Allocation Solution To Drive Their Ongoing Development and Business Transformation

Foresight RetailFSR News

Foresight Retail is delighted to announce that The Pas Group have selected our Planning and Allocation and Replenishment solution to help them with their strategy of ongoing Business Transformation and Development. Pas Group’s, COO Peter Venter says “We wanted to work with a proven solution, and an organisation that has a strong reputation of successful delivery that is supported by … Read More

Baby Bunting Successfully Implements Foresight Retail’s Planning Solution To Support Its Growth

Foresight RetailFSR News

Baby Bunting, Australia’s largest baby goods store for prams, strollers, car seats, furniture, clothing, cots and more has successfully implemented Foresight Retail’s Merchandise Planning solution to support its growth plans. Scott Teal, COO at Baby Bunting, said:  “This project is very important to our overall business strategy. Foresight Retail demonstrated expertise and were collaborative and flexible in their approach. We … Read More

Retail Assist and OMIO PIM Announces New Partnership with Foresight Retail

Foresight RetailFSR News

We’re delighted to announce our latest partnership. As leaders in their field, OMIO PIM powered by Retail Assist will now be working with Foresight Retail. Foresight Retail provides retailers with a comprehensive forecasting and planning tool. Partnering with OMIO PIM will ensure a unified process throughout all stages of the product lifecycle whilst also maximising margin. With workflow built into … Read More

Baby Bunting selects Foresight Retail To Provide Its Planning Solution Requirements and To Support Its Growth

Foresight RetailFSR News

Foresight Retail is delighted to announce that Australian based retailer Baby Bunting has selected Foresight Retail to help it deliver a Merchandise Planning Solution to support its growth plans. Baby Bunting’s COO, Scott Teal, says “We wanted to work with a solution provider that could demonstrate extensive knowledge and experience in our sector, but were also able to be flexible … Read More

Camilla Successfully Implements Foresight Retail To Provide Planning Solutions To Support Their Growth

Foresight RetailFSR News

Credit: Kiera ChevellForesight Retail is delighted to announce that Australian based retailer Camilla have successfully implemented Foresight Retail’ Merchandise Planning Solution to help them continue to grow across all territories. Katie Metcalf at Camilla says “We were not only impressed by the Foresight Retail solution, but combined with their team’s extensive experience in the sector, and how we operated as … Read More

Gap plans to reopen 800 stores by the end of May

Foresight RetailIn the News

Published on CNBC, May 6, 2020 by Author Lauren ThomasCredit: Lea Suzuki | San Francisco Chronicle | Getty ImagesGap Inc. is preparing to reopen 800 of its apparel shops by the end of May, as states such as Texas and South Carolina slowly begin to lift lockdown restrictions that were put into place due to the coronavirus pandemic. The San Francisco-headquartered company, which owns Banana … Read More

Majority of consumers to shop in-store during the holidays

Foresight RetailIn the News

Published in RetailDive, October 15, 2019 by Author Tatiana Walk-MorrisCredit: Photo by Ron Dauphin on UnsplashDive Brief: The International Council of Shopping Centers predicts in a recent report that holiday spending will increase 4.9% over last year, totaling $832.3 billion. Overall, shoppers anticipate spending an average of $683, $496 of which will go toward gifts and $187 on other holiday-related purchases, per the … Read More

Social commerce on the rise… Are you ready?

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PUBLISHED IN RETAIL DIVE – AUTHOR Dan O’Shea. Dive Brief: About 66% of 424 brands analyzed by research firm Gartner have adopted social commerce features within the last year, as brands focus on using social media to create awareness, drive transactions and provide customer service, according to the GartnerL2 report “Social Platforms and Influencers 2018.” As social networks have started to … Read More