Shane Co. increases sales by 20% while significantly reducing inventory
New York, NY (PRWEB) October 20, 2014
Retalon, a leading provider of retail predictive analytics solutions, announces that Shane Co., the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels.
"Shane Co.’s business is very complex. We have thousands of jewelry products and loose gemstones that all have a unique SKU number,” said Tom Shane, the Chairman of Shane Co. “Retalon helps us manage them more quickly and accurately than we ever could before."
Using Retalon, Shane Co. has been able to reduce one of its main product lines by 40 percent, while also increasing sales in that same product line by 20 percent. Shane Co.'s previous process required cumbersome data analysis, taking more than a month to complete. Using Retalon’s predictive analytics solutions, Shane Co. was able to rebalance all of its merchandise in just 15 minutes.
After the initial success with implementation of Retalon Inventory Management system, Shane Co. has added the Retalon’s Assortment Diversification solution to its portfolio.
"It’s crucial for us to maintain accurate inventory levels and balanced assortment throughout all of our channels, from distribution...
16 January, 2012