We have some exciting news to share! Lucky Brand was recently recognized as an Apparel 2019 Top Innovator because of their work with Celect.
Boston, MA – June 28, 2019 – Lucky Brand was recently recognized as an Apparel 2019 Top Innovator because of their work with Celect. This annual award, sponsored by Apparel Magazine, recognizes apparel retailers, brands, and manufacturers who demonstrate notable innovation in their business, as well as the strategic partners that foster such success.
Apparel Magazine, a publication covering the latest news on just about everything happening at the intersection of retail and technology, awards those who are proactively adapting to change for the betterment of their business, as well as initiating and bringing forward insightful discussions surrounding innovation in retail. It’s apparent that technology has forever altered the retail game and continues to garner success for businesses who embrace it. Retailers, like Lucky Brand, leverage AI with Celect to fundamentally change how they approach inventory decision-making - enhancing existing systems, processes, and business results.
The reality is, retailers today face a myriad of pressures as they scramble to understand what and how much product they need, where to place it, and where to fulfill from. These decisions are important and can have consequential effects across the board, including significant markdowns, lost sales or poor customer experiences. The struggle to accurately align products to hyperlocal consumer demand has compelled retailers to seek a competitive edge. As such, many retailers, including Lucky Brand, realize the capabilities of artificial intelligence (AI) technology and how it can be used to win over customers, improve sales, and, ultimately, increase margins.
Apparel’s winning group of innovators were evaluated on their effectiveness in adopting technology to their retail business. More specifically, their successful implementation to streamline data across the supply chain, use AI to gain intelligent insights, and strategically apply that knowledge across their business. Feel free to learn more about the Lucky Brand recognition and work with Celect here.
If you are interested in learning more about why retailers must leverage AI for inventory decision-making, please check out our latest whitepaper, AI: The Answer to Inventory Decision-Making.
About Lucky Brand
Founded in Los Angeles with a focus on heritage denim, Lucky Brand has embodied the independent spirit and lifestyle of our hometown for over 25 years. Vintage-inspired jeans, broken-in graphic tees, classic leather motorcycle jackets, and bohemian styles all capture the laidback vibes and authenticity of Lucky. Our designers specialize in updating premium denim, working with technical fabrics and beautiful washes to create truly unique jeans that feel great, no matter who you are. At Lucky, we uphold high standards of craftsmanship, and the care and passion that goes into every detail is what allows our clothing to tell a story and celebrate individuality. We’ve come a long way from that first pair of jeans we made in 1990, and in our clothes, you’ll look, feel, and stay Lucky.
Celect offers a cloud-based, predictive analytics SaaS platform that helps retailers optimize their overall inventory portfolios in stores and across the supply chain, resulting in double-digit percentage revenue increases. This groundbreaking advance in machine learning and optimization allows retailers to understand how an individual customer shopping in store or online chooses from an assortment of products, revealing true demand. The technology builds on a fundamental advance in customer choice modeling called by MIT's Computer Science and Artificial Intelligence Laboratory one of the 50 greatest innovations it has ever produced. See your ROI from optimized inventories: www.celect.com/roi
Want to learn more about Lucky Brand's work with Celect?
Access to the full case study on how Lucky Brand leveraged AI with Celect to improve store fulfillment and merchandise allocation.
Connexa Communications for Celect