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SOURCE: MID Retail
Historic discount fashion retailer to implement leading planning and allocation software to manage merchandise ranging from designer couture to everyday name-brand apparel
New York, NY –
NRF Convention & Expo (PRWEB) January 14, 2013 -- MID Retail Inc. today announced that Loehmann’s has selected its Advanced Merchandise Planning and Advanced Allocation software to forecast store-level demand, accurately generate buying plans, and intelligently manage the flow of merchandise to retail stores.
“Loehmann’s offers an ever-changing selection of fashion merchandise at a range of price points, serving many different types of customers. MID Retail’s solution comes out on top for versatility and flexibility when it comes to store-level planning and allocation across all our lines,” said Josh Rosenfeld, Senior VP of Planning and Allocation for Loehmann’s.
Mr. Rosenfeld added that “MID Retail’s tight integration between the planning and allocation processes, as well as its ability to completely automate our allocation workflows will make our headquarters personnel more productive and ensure our customers experience strong in-stock positions at all our stores.”
As a discount fashion retailer, Loehmann’s has particularly dynamic needs when it comes to planning and allocation. Because it buys merchandise opportunistically whenever it can negotiate a great deal, its buying processes aren’t strictly tied to particular seasons, brands or styles.
The company’s merchants need to plan for a full line of apparel available across the categories and sizes its customers want to find in each individual store – without always knowing what specific merchandise will fulfill the customer needs. As Loehmann’s buyers are able to acquire the actual merchandise, the company must then intelligently allocate to its stores based on real-time customer demand.
After reviewing a number of different software options, Loehmann’s selected MID’s Advanced Merchandise Planning and Advanced Allocation software because of its unique ability to add value across all of Loehmann’s sophisticated forecasting, planning, and allocation processes.
“Loehmann’s works hard to constantly offer its customers amazing prices on designer apparel,” said Chuck Miller, Executive at MID. He added, “We are delighted they selected MID Retail to bring even greater efficiency to their merchandising operations, and look forward to helping Loehmann’s continue to ‘wow’ their customers as they have for so many generations.”
MID Retail will be exhibiting its entire suite of Advanced Merchandise Planning and Allocation software at the NRF 102nd Annual Convention and Expo at the Jacob Javits Convention Center, January 14 – 15, in New York City.
About The Loehmann’s Company
Since 1921, Loehmann's has been filling the closets of smart, fashion conscious shoppers who insist on the latest designer fashion, shoes, and accessories at a great deal. With 40 stores in eleven states and D.C. plus the company’s online store, Loehmann’s offers the most exciting discount shopping experience, tailor made for fashion aficionados. Loehmann’s members enjoy exclusive entry to the legendary Back Room, where shoppers find the most sought after designer labels available at prices that can’t be found anywhere else. To learn more about Loehmann’s, please visit http://www.loehmanns.com.
About MID Retail, Inc.
MID Retail helps retailers boost sales, increase margins, and reduce inventory costs through its integrated suite of planning, allocation, and replenishment applications. Customers include Abercrombie & Fitch, Anna’s Linen’s, Big Lots, Bon-Ton, Clarks, Finish Line, Men’s Wearhouse, and Urban Outfitters. The company’s solution is the result of over 25 years of research, development, and proven impact on profitability with more than 100 major retail chains. To learn more about MID Retail, please visit booth #1481 at the 2013 NRF Convention & Expo, or visit http://www.midretail.com.
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