Brown Shoe Company, Inc. (NYSE:BWS)’s Famous Footwear Is Lacing Up For Growth [US Markets Daily]

US Markets Daily - Famous Footwear to Improve Sales with Quantum RetailBrown Shoe Company, Inc. (NYSE:BWS)’s Famous Footwear1,041 unit division, is planning to improve sales through a unique method. The company is deploying the Q Allocation and Replenishment Solution from Quantum Retail Technology, a Minneapolis based company.

Quantum Retail Technology specializes in solving complex inventory problems for retailers. It does so through software solutions based on innovative thinking and modern technologies.

Read the full article here.

NRF 2015–Retail Solutions Throughout the Maturity Cycle [ChainLink Research]

ChainLink Research on Quantum Retail at NRF 2015NRF brought retail solutions at all levels of the maturity spectrum. Omni-channel solutions are getting quite mature, though much work remains. Exciting new developments in Internet-of-Things and mobile commerce abound, but are at early stages. Here’s a rundown from NRF…

Quantum Retail’s Q platform provides forecasting, planning, allocation, and replenishment that differs from traditional approaches.

Read the full article here.

Famous Footwear gains profitable new footing [Retailing Today]

Famous Footwear Picks Quantum Retail Q - Retailing TodayImproved conversion and customer service at Brown Shoe’s Famous Footwear stores are the anticipated benefits of a new merchandise allocation and replenishment solution the company has deployed.

The 1,041 unit Famous Footwear division of Brown Shoe recently announced it had deployed the Q Allocation and Replenishment solution from Minneapolis-based Quantum Retail Technology.

Read the full article here.

News from NRF: Top 20 Takeaways [Apparel Magazine]

Famous Footwear Selects Quantum Retail - Apparel MagazineIf you were looking for advanced technology and innovative ideas to help your business run better, this year’s Big Show, held Jan. 11-14 at the Javits Center in New York City, didn’t disappoint. Here are the Top 20 Takeaways from the show…

Famous Footwear, a division of Brown Shoe, has deployed Quantum Retail Technology’s Q Allocation and Replenishment to provide an optimal inventory placement solution that will work in conjunction with its existing legacy JDA allocation solution.

Read the full article here.

Empresa de calzado despliega Quantum Retail para incrementar sus ventas y niveles de servicio [ERP-Spain.com]

Retail news from ERP-SpainWith Q, Famous Footwear has an efficient and cost effective method to improve product service levels throughout each item’s respective lifecycle.

Quantum Retail Technology Inc., provider of merchandise optimization and inventory solutions has deployed Q Allocation and Replenishment at Famous Footwear, a division of Brown Shoe.

Read the full article here.

Famous Footwear deploys Quantum Retail to increase Sales and Service Levels [RetailWire]

RetailWire - Industry NewsQuantum Retail Technology Inc. has deployed Q Allocation and Replenishment at Famous Footwear, a division of Brown Shoe.

Read all recent news here.

Famous Footwear deploys inventory optimisation tool [just-style]

just-style on Famous Footwear and Quantum RetailBrown Shoe-owned Famous Footwear has deployed Quantum Retail’s Q Allocation and Replenishment solution to help optimise inventory.

The platform, which will work in conjunction with the group’s existing JDA allocation solution, was selected to help Famous Footwear optimise inventory based on store item behaviour, capturing
otherwise lost sales while reducing markdowns and helping to improve profitability.

Read the full article here.

Famous Footwear deploys Quantum Retail to increase Sales and Service Levels

Q Allocation and Replenishment improves store service levels leading to higher profitability

NRF Show, New York and Minneapolis, Minnesota USA – January 11, 2015 – Quantum Retail Technology™ Inc., the industry’s leading provider of merchandise optimization and inventory solutions has deployed Q Allocation and Replenishment at Famous Footwear, a division of Brown Shoe.

Quantum Retail’s Q Allocation and Replenishment was selected to provide an optimal inventory placement solution that works in conjunction with their existing legacy JDA allocation solution. With Q, Famous Footwear has an efficient and cost effective method to improve product service levels throughout each item’s respective lifecycle. Optimizing inventory based on store item behavior and merchandise goals and strategies allows retailers to capture otherwise lost sales while reducing markdowns and improving profitability.

“Our selection of Q was based on our desire to drive conversion and turn through improved service levels. We knew the key to doing this was developing a better understanding of demand at the item/size/width level in each of our stores,” said Mike Edwards, Vice President Merchandising and Sales Operations for Brown Shoe/Famous Footwear. “With Q, we are able to optimize our inventory by leveraging these insights within our allocation process.”

With Q, Famous Footwear has seen an uptick in store service levels and conversion for their full range of inventory. Additionally they have seen improved inventory balancing across their locations along with an improved ability to anticipate and respond to demand at the store level. Overall Famous Footwear is better positioned to serve their customers by getting the correct item/size/width to all their locations and improve profitability through their ability to sell the product in their stores at full price.

“Partnering with Famous Footwear to drive their business has been a win/win for them and for us,” said Morgan Day, Vice President of Corporate and Account Strategy. “Q’s ability to be deployed within any existing client environment makes it the best choice for retailers with legacy systems that are grappling with the complexities of today’s retail environment and who need advanced optimization capabilities within the confines of their existing infrastructure.”

About Brown Shoe Company

Brown Shoe Company is a $2.5 billion, global footwear company whose shoes are worn by people of all ages, from all walks of life.  Our products are available virtually everywhere — in the more than 1,200 Famous Footwear and Naturalizer retail stores we operate, in hundreds of major department and specialty stores, on 13 distinct ecommerce sites, and on many additional third-party retail websites.  Through our broad range of products, we serve three key market segments.  Our Family brands — Famous Footwear and Famous.com — are one-stop-shopping destinations for high quality, affordable styles for a family’s every occasion.  Active people who want comfort, style and performance, can look to our Healthy Living brands — Naturalizer, Dr. Scholl’s Shoes, LifeStride and Ryka.  Our Contemporary Fashion brands — Sam Edelman, Franco Sarto, Vince, Via Spiga, Fergie Footwear and Carlos Santana— keep fashionistas in step with the latest trends.  At Brown Shoe Company, we inspire people to feel good and live better… feet first!

About Q

As consumer demand has become less predictable and as retail buying patterns and channels become more complicated many of the world’s most successful retailers utilize Quantum’s Q solutions. Q helps retailers with both comprehensive and granular predictions of their product demand based on consumer behavior while also providing the ability to act on that intelligence. The Q system continuously learns and dynamically analyzes and then responds to changes in demand for every product and store location to maximize value for retailers of all types. The Q system is adaptable within the retailer’s existing environment and works in conjunction with many of today’s leading supply chain and merchandising platforms including Oracle, SAP, and JDA.

About Quantum Retail Technology, Inc.

Quantum Retail Technology is the industry’s leading innovator of retail focused demand driven merchandising and inventory optimization solutions. Our solutions help retailers realize the highest value from their inventory investment by understanding consumer demand and acting on it to optimally leverage their supply chain. Many of the world’s top retailers are already Quantum clients. Quantum is privately held and is headquartered in Minneapolis, Minnesota. For more information on Quantum Retail technology, please visit our website at http://www.quantumretail.com.

 

Quantum Retail and Q are registered trademarks of Quantum Retail Technology, Inc. All other trademarks are owned by their respective companies.

Retail Technology News: November 25 – December 2, 2014

How retailers are giving back this holiday season, what retailers need to know about millennial shoppers, which holiday myths need busting, why loyalty programs pay off, and more—welcome to a special “holiday shopping” edition of Retail Technology News, a weekly wrap-up from Quantum Retail of some of the top stories in the retail industry. Here’s what was news last week:

Retailers giving back this holiday season (Retail Dive)

2014 holiday shopping outlook

Image credit: Retail Dive

Retailers seem especially determined this year to make healthy sales during this do-or-die time of year—​after all, November and December sales can make up nearly a third of a retailer’s yearly sales.
But for many retailers, the holiday season isn’t just about racking up sales. It’s also a time to give.

What you need to know about Millennial holiday shoppers (Retailing Today)

Younger shoppers make up the demographic group most likely to visit physical stores Thanksgiving weekend, but retailers had better be ready to offer the digital natives an ominchannel experience, according to new research from a leading retail trade group.

Is Cyber Monday just a myth? (Retail Dive)

Cyber Monday is a concept that’s been around for more than a decade. It began when workers came back to work after the Thanksgiving holiday and used their offices’ high-speed Internet connection to shop. Now, of course, high-speed Internet connections are par for the course for many, if not most, consumers. So is it the monumental shopping day consumers think it is?

U.S. Retailers’ Push Into Thanksgiving Hurts Black Friday (Bloomberg)

A move by U.S. retailers to extend hours on Thanksgiving took a toll on Black Friday traffic, without spurring total sales over both days. While store traffic climbed 27 percent on Thanksgiving compared with a year earlier, it dropped 5.6 percent the next day, which has traditionally served as the kickoff to the holiday shopping season.

44% of consumers to buy gifts from favorite brands (FierceRetail)

Loyalty will play a critical role this year in holiday shopping, as 66 percent of consumers are planning to shop at their favorite retailers and 44 percent will give gifts from brands they are loyal to. According to a holiday study from Bond Brand Loyalty, 42 percent of these same consumers will use loyalty points to fund their shopping.

And the 10 biggest myths of holiday spending are…. (Chain Store Age)
Count on Customer Growth Partners president and CEO Craig Johnson to provide a refreshing break from the standard Black Friday forecast.  Here’s his take on the top 10 retail-related holiday myths of 2014. Starting out at #1: “Well, at least Black Friday is still the biggest shopping day. Wrong.”

Eight out of 10 retailers would consider a standalone shop-within-a-shop to drive footfall, new poll shows (Retail Times)

Eight out of 10 retailers say they would consider a standalone shop-within-a-shop approach to drive footfall for their business, according to a poll carried out by Retail’s Best. As convenience stores face growing pressure to evolve, fueled by ramped-up expectations of consumers, those that fail to innovate are at risk of falling behind.

The retail worker’s guide to surviving the holidays (RetailWire)

The days prior to Thanksgiving are the calm before the storm. Your seasoned retail employees know what is in store; your newbies have no idea. Here are 10 holiday tips for anyone who works retail. What other tips would you offer retail employees on how to avoid getting over-stressed during busy holiday selling times?

Further Reading

Guide to Busting the Myths of Retail (report)

Speaking of myths (as Daphne Howland  and Craig Johnson do above), there are many myths commonly held in retail that are based around the constraints of traditional solutions. This guide will bust the most detrimental assumptions that retailers have on the following topics in merchandising: forecasting, markdown optimization, BI, localization, and time to value.

Quantum Retail named among CIO Review’s 20 Most Promising Retail Tech Solutions [CIO Review]

CIO Review - Top 20 Retail Technology ProvidersCIO Review’s Retail Technology Special edition named Quantum Retail Technology one of the 20 Most Promising Retail Solutions Providers.

In a profile featuring Quantum Retail founder Morgan Day, VP of Corporate & Account Strategy, CIO Review highlighted that Quantum Retail Technology is “Leveraging Consumer Demand to help Retailers get the Maximum value from their Inventory.”

Read the full article here.