Flying Tiger Copenhagen meets customer demand across 800+ stores with Nextail
The Danish variety retailer delights customers in over 27 countries worldwide with super-curated products and the ever-present philosophy that “a richer life doesn’t have to cost a fortune”.
Impact at a glance:
increased
YoY revenue
increase
in avg. unit price
week reduction
in coverage
Why Nextail?
Efficient scaling: Transitioning from wholesale to centrally led merchandising operations
Flying Tiger Copenhagen’s assortment complexity mixed with traditional merchandising methods were leading to excess inventory and missed sales. They also sought a partner who would enable them to:
- Simplify inventory decision-making, freeing up working capital by avoiding human error and lowering in-store and warehouse stock levels
- Gain visibility and control over inventory through centrally led, automated merchandising processes, able to scale the business into new markets and channels.
Flying Tiger Copenhagen knew they could achieve the operational excellence they needed to simplify and scale the business through the power of AI automation and data-driven decision-making and selected Nextail as key partner for this transformation.
“Implementing centrally led, automated retail processes frees up working capital to enable the aggressive growth of our global footprint, bringing more happiness to more customers with our unique business model and delivering on our customer promise that a ‘richer life doesn’t have to cost a fortune’. Nextail is the key, critical unlock technology.”
Impact
Flying Tiger Copenhagen is able to allocate to and replenish stores in a more integrated way with insights feeding into one holistic trading behavior, resulting in higher revenue, lower coverage and an increase in average unit price.
With automated replenishment, Flying Tiger Copenhagen achieved record-breaking results for two of their most important seasonal campaigns in the UK and Ireland.
By automating replenishment processes, Flying Tiger Copenhagen store managers have gained back at least an hour per day which they can dedicate to tasks like analyzing stock, sprucing up stores, and trading.
“Merchandise planning has taken a huge leap forward in the UK & Ireland, to enable the right stock, right place, right time…The obvious benefit for an organization of our scale is the reduction in cash tied up in stock in the wrong stores, with intelligent auto replenishment we achieve a much more productive sell through of each of our campaigns.”
