Celect, Inc.
Celect, Inc.
Blog Post
  • “Consumer centricity is increasingly necessary for retailers and brands to maintain loyalty within highly saturated markets. Launching technology that not only delivers shipments in an expedited and efficient manner while subsequently optimizing current inventory levels will improve margins.” - WWD  According to the NRF, Father’s Day spending for 2018 is expected to reach $15.3 billion dolla...

Celect, Inc.
Celect, Inc.
Blog Post
  • As the seasons change and the weather starts to warm up, I found myself on the hunt for a new summer outfit – ideally a lightweight blouse paired with a matching skirt. While the merchandise I’m looking to buy isn’t necessarily relevant, the situation I found myself in is. It’s the kind of situation consumers experience waaay too frequently and, frankly, a large reason why providing a stellar ...

Celect, Inc.
Celect, Inc.
Blog Post
  • “Consumers are rabbits in today’s supply chain, and brands, retailers and manufacturers are the too-slow turtles that can’t keep up—despite knowing they need to.” – Spencer Fung, CEO of Li & Fung  Speed is the name of the game.  The see-now-want-now mentality isn’t going away anytime soon. While convenience and access continue to drive the consumer desire for immediacy, the gap between cust...

Celect, Inc.
Celect, Inc.
Blog Post
  • “Customers require an easy shopping experience, a focused product assortment, and an experience which connects them to the brand, retailer, or other people.” – Cowen Research, Re-Think Retail: The Store Must Do More  How are you breaking into the new world of retail? Obviously, times have changed. Consumers have changed. How we do business has changed. Technology has really changed.  With...

Celect, Inc.
Celect, Inc.
Blog Post
  • In a retailer’s perfect world, knowledge of what your consumer wants to buy (along with when and where they want to buy) would be instantaneous and inventory lead times would be nonexistent. A retail utopia. Unfortunately, this isn’t how it works. Instead, merchants are tasked with predicting enormous (sometimes erroneous) investments to:  Determine the optimal assortment/mix of product to...

Celect, Inc.
Celect, Inc.
Blog Post
  • “Emerging technologies driving disruptive innovation, many yielding transformational benefits, must be prioritized for investigation, even though the ‘buzz’ and expectations for them are just on the rise.” – Gartner, Use Cases Harness Emerging Technologies to Deliver Delightfully Disruptive Customer Experiences  How are you keeping up with disruption in the industry? This question resonates...

Celect, Inc.
Celect, Inc.
Blog Post
  • "AI, which is forecast to grow to $36.8 billion by 2025, could bring a new way of transformation to retail." - Deborah Weinswig, CEO of Coresight Research    Everyday you make really difficult inventory decisions.  The impact of AI on retail is clearly a major topic of discussion for many merchandisers on the hunt for new tech to help make their job of managing inventory and forecasting dem...

Celect, Inc.
Celect, Inc.
Blog Post
  • "Retailers must become top performers in digital business transformation if they are to succeed in delivering unified retail commerce experiences for customers." - Robert Hetu, Gartner    If you follow our blog, then you probably know all about our latest webcast with Aéropostale’s SVP of Planning and Allocation, Karen Walter, who sat down with us last month to talk about how her team is emb...

Celect, Inc.
Celect, Inc.
Blog Post
  • "The customer is dictating the way they want to shop and what their new level of service is—we just all need to catch up to them.” – Karen Walter, SVP of Planning & Allocation at Aéropostale  Retailers have more data than ever before. However, introducing new technology to leverage data more effectively throughout the merchandising process is a daunting—yet critical task. In our latest web...

Celect, Inc.
Celect, Inc.
Blog Post
  • Most news outlets seem to cover the changing retail landscape with near-weekly stories on store closings and bankruptcy filings. Even outside of the fact that articles with high click-rates beget other similar articles, which in the case of retail generally include household names with a significant nostalgic punch—there certainly is a dramatic change in the industry. However, we should not tak...

Celect, Inc.
Celect, Inc.
Blog Post
  • Unfortunately, anticipating demand isn’t as straight-forward as it once was. People shop whenever and wherever, leveraging each and every available retail channel. This makes it really difficult for retailers nowadays. Increased access also increases consumer expectations across channels—shoppers expect a seamless experience and alignment among brands, products, and choices both physically an...

Celect, Inc.
Celect, Inc.
Blog Post
  • “Determining appropriate inventory levels is one of the most important and most challenging tasks faced by operations managers. If you carry too much inventory, you tie up money in working capital; if you don’t carry enough inventory, you face stockouts.” – Crack the Code: Understanding Safety Stock and Mastering Its Equations, MIT Overstocks and out-of-stocks. A double-edged sword. If your...

Celect, Inc.
Celect, Inc.
Blog Post
  • The future of retail relies heavily on fulfillment. Over the past decade, delivery expectations have surged. Two-day and one-day shipping is emerging as the new norm. Retailers continue to move towards shorter delivery times, yet most cannot deliver products profitably within three to five days. At NRF earlier this year, our CTO, Vivek Farias, made a bold prediction: within the next ten years...

Celect, Inc.
Celect, Inc.
Blog Post
  • It’s a telling time for retail. In spite of the brief reassurance from last year’s unexpected boost in sales, there’s still a lot of work to do. A fundamental shift in the way things were done in the past is finally unraveling across the industry, and is best encompassed by one recent announcement from Nordstrom after their Q4 earnings reports: “Nordstrom will no longer separately report sal...

Celect, Inc.
Celect, Inc.
Blog Post
  • Easy is better, easiest is best they say. Who’s they? Consumers. Consumers demand convenience. This is what it really boils down to –all the change shaking up the retail industry. Consumers want it now, easy and free. “[T]he battle for convenience is the battle for industry dominance. […] Convenience is one-click, one-stop shopping, the seamless experience of “plug and play.” The ideal is ...

Celect, Inc.
Celect, Inc.
Blog Post
  • There’s no easy way to trulyknow how the future will pan out. We anticipate certain outcomes from what we know—like the fact the Patriots won over five Super Bowl championships or that your women's cold-shoulder sweaters sold 500 units last season. With this historical data at hand, it would seem logical to place our bets on past performance. And, as you know, merchants are constantly making ...

Celect, Inc.
Celect, Inc.
Blog Post
  • A sigh of relief for retailers who welcomed the new year accompanies a sense of apprehension as brands survey the unsettling waters of the retail landscape for 2018.  What can be done differently? How can we be better?  These pressing questions, I’m almost certain, crossed most retailer’s minds.  

Celect, Inc.
Celect, Inc.
Blog Post
  • The impact of the holiday season for most retailers isn’t entirely clear yet and won’t be until after the New Year. However, based on what is available so far, I’d say it’s looking pretty good for most. :) From overall retail spend to post-Christmas opportunities, the most successful retailers are pushing through the end of an incredibly disruptive year to reach the bright light at the end of ...

Celect, Inc.
Celect, Inc.
Blog Post
  • I think we can all agree it’s been a crazy year for retail, filled with disruption, e-commerce pressures and record store closings. Not to mention strange partnerships, major acquisitions, and numerous bankruptcies.  As the year comes to an end, the ups AND downs in the retail industry over the past 365 days are clearly up for review. Let’s take a deeper look at what happened in 2017, along wi...

Celect, Inc.
Celect, Inc.
Blog Post
  • I can’t believe the end of the year is right around the corner. Wipe the sweat off your forehead because you just survived 2017 (well, almost)—a major feat in retail considering the numerous bankruptcies and store closures we’ve witnessed the past year. That aside, the fashion industry is undergoing a tremendous transformation, leaving a vacuum open for new competition and LOTS of expe...

Celect, Inc.
Celect, Inc.
Blog Post
  • Happy Turkey Day everyone!  The biggest shopping weekend of the year is just hours away! This year an estimated 164 million people are planning to shop or are considering shopping during the Thanksgiving weekend, according to an annual survey by the National Retail Federation.   

Celect, Inc.
Celect, Inc.
Blog Post
  • Earlier this year, predictions were made left and right about how the holiday shopping season will fare for retailers. Now that we’re right in the midst of the season (which arguably started as early as October), year-over-year holiday spending growth forecasts appear higher than initial predictions made in August—which expected a 3.1% rise in holiday sales.

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