January 21, 2011, Montreal
Advantage2Retail (A2R) and Retalon today announced the near-completion of the Retalon’s Fortune solution implementation at Linen Chest (www.linenchest.com), a privately-owned retailer operating 17 stores in the Home Décor field.
A2R recommended the use of Retalon’s Fortune as the solution of choice after conducting an in-dept analysis of Linen Chest’s inventory allocation processes and its impact on gross margin. The implementation, which started last fall, will enable Linen Chest’s merchandising system to collaborate with Retalon’s Fortune in order to suggest the right allocations and transfers while maintaining assortment integrity and minimizing markdowns.
“We feel this technology will help improve our gross margin by optimizing our store allocations and reduce our shipping and handling costs. We anticipate to see tangible results within the next 3 to 6 months”, said Mohsen Hamouda, Vice-president of IT, Linen Chest.
ABOUT RETALON: Retalon Inc. is a leading provider of cutting edge analytics, optimization and forecasting solutions for merchandizing, pricing, supply chain and marketing operations. Retalon products range deliver tangible optimization and measurable hard benefits for the entire organization. For more information, please visit www.retalon.com.
ABOUT ADVANTAGE2RETAIL: Advantage2Retail (A2R) is a leading IT service provider offering consulting, system integration and outsourcing services to retailers and distributors with a national footprint looking to reduce their costs, increase their profitability and plan for growth. For more information, please visit www.a2r.ca.
CEO & Founder, Advantage2Retail, Inc.