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SOURCE: MID Retail
MID Retail’s Advanced Allocation solution adds new capabilities enabling retailers to ensure in-stock positions at space-constrained, high volume store locations
New York, NY (PRWEB) January 14, 2013
MID Retail Inc. today announced that it has developed Virtual Warehousing capabilities in partnership with its client Urban Outfitters, Inc. The Virtual Warehousing feature set is now generally available as part of the company’s best-in-class MID Retail Advanced Allocation software solution.
“We were looking for a better way to maintain items in stock for store locations with high volume and a small footprint. MID Retail provided the solution,” said Denise Albright, COO of Anthropologie North America, an Urban Outfitters brand. She added, “With MID Retail’s Virtual Warehousing, we expect to see a reduction in lost sales and an increase in service levels for our customers. MID’s team and technology adapts quickly to enable our new merchandising strategies.”
Virtual Warehousing allows retailers to plan for and to designate virtual inventory that is dedicated to a particular store location. The inventory can physically be housed anywhere – including a traditional distribution center, a temporary facility, or the back room of an existing store location. MID Retail’s Advanced Allocation uses automated allocation workflows to distribute stock from virtual inventory on an as-needed basis, making sure customers find the items they want in the most trafficked store locations.
“We were thrilled to partner with Urban Outfitters to make a breakthrough in retail merchandise planning and allocation,” said Chuck Miller, a Founder and Executive at MID Retail. “Virtual Warehousing represents another customer-driven capability that we are proud to offer to MID Retail’s entire customer base.”
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 Urban Outfitters
Urban Outfitters, Inc. is an innovative specialty retail company which offers a variety of lifestyle merchandise to highly defined customer niches through stores, catalogs, and websites including 208 Urban Outfitters stores, 176 Anthropologie stores, Free People wholesale, which sells its product to approximately 1,400 specialty stores and select department stores, and 75 Free People stores in the United States, Canada, and Europe.
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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