Urban Outfitters selects planning solution
Philadelphia -- Urban Outfitters, Inc. has selected TXT Integrated Retail Planning from TXT Maple Lake to support end-to-end retail planning across regions, brands and channels, from strategy through to assortment execution. The solution will help Urban Outfitters, Inc. manage the whole spectrum of its retail planning processes: strategic, merchandise planning, store grading, open to buy (OTB) and assortment planning, both pre-season and in-season.
Planning teams will create and manage their planning processes and OTB across the brands and channels at various levels as required within each brand. Next they will use this information to suggest the framework of an Assortment Plan for the buyers. Buyers will be able to design the best assortments to drive sales and customer satisfaction.
“The rapid international and multichannel growth we are experiencing creates new levels of complexity from a planning and assortment standpoint, said Calvin Hollinger, chief administrative officer of Urban Outfitters, Inc. “We need a solution to help us accurately plan inventory across our many product categories, channels and growing international business, then translate that demand into effective buying, merchandise and assortment plans. TXT can provide those capabilities within one integrated solution.”