Takko, one of Europe’s fastest growing fashion retailers, has selected TXTPlanning by TXT Retail, a leading provider of end-to-end planning solutions in retail, announces that Takko, one of Europe’s fastest growing fashion retailers, to support all its retail planning processes, from financial merchandise planning to assortment and in-season planning.
The fashion company is applying the TXT AgileFit deployment methodology, which provides reference processes and a full set of documentation that accelerates the deployment and time to achieve benefits.
Takko’s CEO Michael Strehler said, “The project with TXT is part of our strategy to establish a customer-driven, integrated merchandise management process. Our objective is to move from a traditional push model to a pull approach, where customer demand and insights coming from the market drive assortment decisions. The TXTPlanning solution will help us achieve higher visibility on demand and more optimally cluster our stores.”
TXTPlanning will support Takko in localising assortments through differentiating store plans which take into account marketing and store-specific events. The software will also be used for merchandise financial planning, setting targets and determining the best path to higher profitability. Most critically, TXTPlanning will be used to drive out the assortments, which, combined with store clustering, will create market appropriate collections which will then drive the sourcing and product development requirements. Lastly, forecasting, allocation and replenishment round out the offering, optimising the in-season planning process, according to a company press release.
Expected benefits of the project include: improved services levels from having the ideal assortments to match customer needs; optimised inventories and better use of working capital; as well as a better understanding of demand that will help maximise bestsellers, prevent overstocks and reduce markdowns. The end-to-end planning capabilities of the TXT solution will also help Takko further improve transparency, providing one view of information and relevant performance measures.
Simone Pozzi, EVP managing director at TXT Retail said, “We are proud to be working with a fashion leader and talented team such as Takko’s, and to support their vision to become ever more customer-driven. Fashion retailers such as Takko recognise the value of our solutions in providing the end-to-end integration, visibility and advanced planning capabilities that are key enablers to this strategy.”
