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

We are 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.

In its sixth year, the Retail Innovator Awards honor retail executives and thought leaders who: 

“[T]hink outside the box to develop and foster innovative concepts and strategies that help move the overall retail industry forward.” 

There were 100 nominations in total and the list of 18 winners was announced at today’s Retail Innovation Conference in New York City. Those who attended the event heard directly from Miles Barger, who shared Lucky Brand’s success story on using advanced analytics to optimize allocation and store fulfillment using Celect.

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Topics: allocation, artificial intelligence, inventory optimization, brick-and-mortar retail, physical stores, machine learning, fulfillment optimization, advanced analytics, awards

Key Takeaways from Unified Retailing 2019

The Unified Retailing 2019 Conference hosted by Columbus Consulting yesterday was energizing, as it’s always a fun to meet up with our customers, old colleagues and friends. The speakers were excellent, with frank and interesting conversations around how to win in today’s new retail environment. However, what really struck me throughout the event was the fact that everyoneand I mean everyone—appeared to be dealing with the same type of challenges, such as:

  1. How to support an environment where store sales are dropping, e-commerce is flattening, and mobile continues to grow
  2. How to win in an environment where there are so many store closures, but just as many store openings from digitally-native brands
  3. How to support the shop anywhereexperience consumers demand
  4. How to keep product, experiences and services relevant 

As every speaker discussed different strategies to address each issue, it became apparent over the course of the day these problems haven’t really changed over the last few years. In fact, they’ve only magnified. Despite these struggles, it only solidified my beliefand that of many others in the room—of the following:

If you want to be relevant, you must consider the customer and their preferences first in everything you do.  

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Topics: artificial intelligence, inventory optimization, brick-and-mortar retail, physical stores, machine learning, awards

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