Celect in the News: Inventory Mgmt 2.0

Read the latest article by Inside Outdoor Magazine, featuring John Andrews, CEO of Celect, to learn how retailers use Celect to gain an accurate view of demand across stores and exceed customer expectations.

Boston, MA – March 17, 2019  In an Amazon Prime world, omni-channel retailers are challenged to manage multiple sources of demand when customers expect everything in stock all the time, whether they are in the store at 1 p.m. or online at 1 a.m. To beat the real-time “last mile” supply chain challenge, retailers must be able to compete with Amazon by leveraging their stores and distribution centers as one unified distribution center to achieve massive margin gains. 

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Retail TouchPoints Announces Lucky Brand as Winner of 2019 Retail Innovator Award

Celect is thrilled to share the announcement of Lucky Brand as a winner for the 2019 Retail Innovator Award because of their work with Celect to optimize inventory decision-making! 

Boston, MA – May 8, 2019 – Celect is thrilled to share the announcement of Lucky Brand as a winner for the 2019 Retail Innovator Award because of their work with Celect to optimize inventory decision-making! Retail TouchPoints (RTP), the industry's go-to source for the latest retail trends, strategies and technology innovation, has announced the 2019 Retail Innovator Award winners and names Mike Relich, Chief Operating Officer at Lucky Brand, and Miles Barger, Vice President of Merchandise Planning, Allocation, and Inventory Optimization at Lucky Brand, as winners in the category of Data Guru.

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Celect Recognized as Innovative Tech Start-Up in The Leading 100

Celect is recognized in The Leading 100, an annual list that recognizes break-out technology start-ups driving innovation in the fashion and retail industry.

Boston, MA – May 24, 2019 Celect is thrilled to share the news of their recognition in The Leading 100, an annual list that recognizes break-out technology start-ups driving innovation in the fashion and retail industry.

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Celect Adds Technology Veterans to Management Team

Retail Innovator Appoints Andrea Morgan-Vandome as CMO and Keith Morrison as VP of Engineering

Boston, MA – March 20, 2019 – Celect, a market leader in predictive analytics and inventory optimization for retailers, today announced the appointment of Andrea Morgan-Vandome as chief marketing officer and Keith Morrison as vice president of engineering to fuel the company’s continued expansion. 

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ALDO Group and Celect to Speak at RILA Supply Chain 2019 About Using Stores to Optimize Online Order Fulfillment

How Retailers Can Compete with Amazon at its Own Supply Chain Game

Orlando, FL; RILA Supply Chain Conference 2019 – February 25, 2019 – ALDO Group and Celect executives will present at the RILA Supply Chain Conference 2019 in a session titled, “How Your Stores Can Beat Amazon at its Own Game.” Celect and the ALDO Group will explore how retailers can beat the real-time “last mile” supply chain challenge by using their stores as a unified distribution center to achieve massive margin gains. 

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Study Finds Markdowns Cost U.S. Retailers $300 Billion in Revenues in 2018

New Report by Coresight Research and Celect Reveals the Hidden Costs of Inventory Mistakes

Boston, MA – February 6, 2019 – Celect, a market leader in predictive analytics and inventory optimization for retailers, today announced the results of a U.S. retailer survey titled “Revealing the Hidden Costs of Poor Inventory Management.” The findings revealed key factors behind major inventory challenges retailers have experienced from excessive markdowns and incorrect merchandising decisions, highlighting the urgency for retailers to optimize inventories to effectively satisfy their customers and ensure their continued financial success.

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Lucky Brand to Speak at NRF 2019 About How to Predict Demand with Advanced Analytics

New York, N.Y.; NRF 2019 – Retail’s Big Show, Booth #1125  – January 11, 2019 – Lucky Brand will share its experience working with Celect to optimize inventories at NRF 2019: Retail's Big Show in a session titled, "How Lucky Brand Optimized Allocation and Store Fulfillment With Advanced Analytics."

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Inventory Optimization with Artificial Intelligence

NGP Capital - December 18, 2018

Celect is transforming the retail experience for the world’s most selective retailers.

Physical retail is not dead; although headlines regularly trumpet the large number of store closings, over 4000 net new retail stores opened in the USA last year. Retail is a $27 trillion-dollar industry worldwide with more than four out of five transactions still happening in the store.

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Celect Closes $15 Million Series C to Optimize Retail Inventory and Predict Demand

Boston, MA – December 13, 2018: Celect, a market leader in predictive analytics and inventory optimization for retailers, today announced it has closed $15 million in Series C financing led by NGP Capital and existing investor Fung Capital. Previous investors Activant Capital and August Capital also joined the round. The company will use the funding to fuel its continued expansion and accelerate retail market penetration of its groundbreaking Inventory Optimization Suite. 

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ALDO Group Chooses Celect to Optimize Omnichannel Fulfillment with Advanced Analytics

Boston, MA – June 12, 2018:  Celect, a market leader in predictive analytics and inventory optimization for retailers, announced today that the ALDO Group, a world-leading creator and operator of desirable footwear and accessory brands, is leveraging advanced analytics across their brands to optimize their customer order fulfillment objectives.

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