Hard Rock International
Retail Vertical: Fashion
HRI operated retail stores in over 70 countries around the world.
Hard Rock International operates retail shops on their famous properties around the world including restaurants and resorts with the largest music memorabilia collection in the world. Their merchandise is customized to include the city name drop as many visitors purchase their merch as collectables from their travels. Considering that they are operating in over 75 countries around the world, it becomes challenging to manage these unique inventories for each city separately. Moreover, the retail shops are small with limited storage/backrooms and this entire operation is being managed by a small inventory management team. Planning & merchandising was also challenging due to the unique assortment, a variety of store capacity, and over 50 currencies.
Retalon Predictive Analytics
Retalon’s predictive analytics and AI generates highly accurate forecasts not just at the store/SKU level but down to the style/colour level. Moreover, Retalon intelligently recommends an accurate size distribution for fashion merchandise. The system has allowed Hard Rock’s small retail team to more effectively manage and optimize their business with significantly improved visibility, profitable recommendations, forecasts, as well as greater automation and consistent workflow. After introducing Retalon’s Planning, Purchasing, and Replenishment solutions Hard Rock’s retail business has experienced increased automation, improved decision-making capabilities, and lower inventory costs.