Predictive Analytics Times
Predictive Analytics Times
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4 years ago
5 Ways Retail Predictive Analytics helps Fashion Retailers Maximize Gross Margin

 Fashion retailers have one of the most dynamic environments in the industry. There are new styles and products coming out every single season, forcing retailers to clear those shelves for new merchandise nearly every quarter. Moreover a single product such as a jacket can come in 7 sizes and 3 styles, which essentially means 21 different SKUs, each with their own consumer demand. So when faced with important decisions such as how to choose assortment for every store, how to manage price & markdown management throughout the omni channel, and much more, retailers can turn to intelligent end-to-end predictive analytics

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