Galleria First to Synchronize Assortment and Space Planning for Retailers
24 May 2005
According to a recent Gartner report entitled, Retailers: Track Emerging Trends in Retail Space Management, "space is a valuable asset, and retailers should understand and manage it better." Too often, assortment plans are made without first considering space restraints. This process leads to compromised assortments, poor facing allocation and low planogram compliance resulting in out-of-stock situations and customer frustration. Galleria Retail Technology Solutions, the leading provider of automated store-specific assortment and space planning solutions, today announced it is the first company to provide automated and synchronized assortment and space planning solutions that can be implemented at a national, cluster or store-specific level. Galleria will demonstrate this technology at Retail Systems 2005, May 24-26 at Booth 1432.
By seamlessly combining both assortment and space planning processes into a single, scalable solution, Galleria delivers the highest level of store-specific planning intelligence available helping retailers achieve unprecedented in-store compliance levels. This leads to increased sales, greater availability of key products, reduced wastage/mark-down of slower moving products and improved bottom line performance.
"Synchronizing space and assortment planning processes is a top business objective for retailers," said Shaun Bossons, executive vice president for the US, Galleria. "Whether cluster or store specific, implementing technology to improve the customer experience is crucial. We are the first technology provider to achieve the level of automation and scalability required to synchronize space and assortment planning capabilities into one process. The result is a more efficient, tailored assortment and dramatically improved product availability."
Galleria's advanced retail planning portfolio includes automated cluster, assortment and space planning solutions that provide outstanding return on investment by delivering a truly customer-centric result based on local customer demand. This results in increased customer satisfaction, reduced operational costs and enhanced sales.
"Retailers know that surviving in a highly competitive market while retaining a loyal customer base is a daily challenge," Bossons added. "To do so, retailers are becoming increasingly dedicated to providing the right products in the right stores with an assortment that accurately reflects customer buying patterns. Most retailers have also realized that competing on price is a difficult strategy. Remaining competitive requires a greater attention to local customer preference and creating a positive shopping experience."
About Galleria Retail Technology Solutions
Based in the United Kingdom with a US office in Chicago, Galleria is the leading provider of automated store specific assortment, cluster and space planning solutions. Galleria's solutions provide outstanding return on investment by easily integrating with a retailer's existing systems and resources to deliver the right product to the right stores in the appropriate quantities. The net result is a significant increase in planogram compliance leading to increased sales, greater availability, reduced waste/mark-down and accelerated inventory turns. Galleria works with many of the United Kingdom's largest retailers including, Tesco, Safeway and Costcutter as well as a United States top 10 retailer, to name only a few. For more information about Galleria, visit www.galleria-rts.com or dial 1-866-899-0852.
Contact:
Press Contact:
Marissa Vicario
Mulberry Marketing Communications
(212) 672-1621
mvicario@mulberrymc.com
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Source: Galleria
Source: Market Wire
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