Level 1 Sponsor
Nextail is a smart platform for retail merchandising. Developed by retail experts, it delivers agile data-driven decisions to meet increasing consumer demands. Using Nextail’s AI and advanced analytics, global retailers like Pepe Jeans, Stefanel and Melon Fashion Group are automating dynamic buying and merchandising. Within weeks, sales and margins increase while stock levels are reduced.
There are currently four solutions within the platform to transform the following processes;
Buying: Define the right buying quantity of new products. Support buyers’ expertise with mid-term bottom-up forecasts at SKU level, based on comparable product.
First Allocation: Allocate the right amount of initial units across channels and locations at SKU level. Estimate demand in each location (online or offline).
Replenishment: Calculate daily replenishment to stores. Capture future sales potential across your channels by reacting quickly to demand change and anticipating demand changes.
Store Transfers: Rebalance stock among your stores. Boost sales at the end of a product’s life cycle and consolidate broken size sets. Take overstock from non-efficient stores and give it to those stores in need.
All solutions come with a retail-specific Business Intelligence and Mobile App that allows you to interact with data to gain new insights and power company-wide decision making. KPIs and reports are calculated automatically overnight so that retailers can make decisions first thing in the morning.
Nextail’s customers are leading fashion, beauty and collection-based retailers. Customers typically see value delivered within 30 days, from sales increasing between 5-10%, in-store stock coverage reduced by 30% and stockouts reduced by 60%.
Nextail operates in Spain, Italy, Russia, Brazil, the US and the UK.