Aristocrazy looks ahead: The power of agile retail for future-proof operations
The high-end jewelry brand is an example of a retailer that was able to successfully overcome disruption and thrive in the face of challenges. Thanks to the brand’s adoption of a data-driven, bottom-up approach to core merchandising long before the crisis, it was able to remain agile during the many uncertainties and disruptions of 2020 and 2021.
Why Nextail?
A focus on the future of retail
After several attempted solution roll-outs from previous providers had proven too heavy and complicated, Aristocrazy chose Nextail due to the simple approach to complex operations and quick implementation time. Within three months of roll-out, Aristocrazy had rolled out the Nextail Replenishment solution across their entire store network.
Due to the success to the first roll-out, the jewellery brand has since strengthened its partnership with Nextail, going on to deploy additional solutions for allocation, rebalancing, in-store operations, and reordering.
“What I really like about Nextail is that they keep it simple. And I think that’s core to their philosophy and what makes it such a great success.”
Impact
Aristocrazy was able to access real-time data on demand patterns and make ongoing adjustments in order to mitgate gaps and distortions in their data created by strong demand fluctuations during and following the pandemic.
As stores began reopening, often with drastically different demand patterns, Aristocrazy was able to adjust product availability and assortments to balance supply discrepancies and continue to meet demand.
Aristocrazy was not only able to speed up recovery, they are also best positioned for a drastically different retail industry in which retailers must take a fully data-driven approach to their core merchandising operations.
“Using AI to achieve efficient stock levels has never been so easy and effective.”
