Saks will leverage the B2B e-commerce and retail assortment platform to digitally curate and deliver a fresh merchandise assortment across the apparel, footwear, and accessory verticals. Through the system’s ability to present the full seasonal market buy in a visually compelling and easy-to-use presentation, this technology will allow the Saks buying team to more efficiently identify merchandising opportunities aligned with seasonal trends and customer expectations.
Saks plans to utilize NuOrder’s technology across its buying, planning, digital, and marketing functions enabling it to apply a more data-driven approach in decision making, forecasting, and performance analytics. In addition, Saks vendors will have access to a more streamlined and integrated selling experience through the use of centralized, digital line sheets and catalogs, as well as the ability to collaborate in real-time.
“Saks Fifth Avenue is known for delivering an effortless and individualized customer experience. As part of this, we strive to offer an assortment that is new, unexpected, and exclusive,” said Tracy Margolies, chief merchant at Saks Fifth Avenue. “To maintain our leadership in luxury retail, we have been evolving our merchandise strategy to continually deliver the best edit for our customers, when and where they want it. While these efforts have been underway for some time, the current environment has given us the opportunity to accelerate our plans. Our adoption of NuOrder’s data-driven platform is an important step in our strategy, enabling us to better collaborate with our vendor partners, drive inventory efficiency, and ensure merchandise effectiveness across all touchpoints.”
“NuOrder’s progressive technology is transforming the retail industry by helping retailers and brands collaborate and assort in a data-driven fashion,” added Olivia Skuza, co-founder and co-CEO at NuOrder. “Now more than ever, the industry needs to evolve how it’s doing business and Saks is at the forefront of driving innovative change at a time the industry needs it the most. By adopting technology to visualize the product assortment right down to the store level, it will help push Saks and their vendor partners forward.”