Merchandise Buying Guides
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Our Merchandise-Buying Prediction Models utilize Machine Learning to create predictions that are much more accurate than traditional Human-Only predictions.
We Use Machine Learning to Greatly Increase the Accuracy of Your Merchandiser’s Buys
Our Client’s previous accuracy of their Human-Only purchase decisions used to average between 50% to 60%, which is typical of the Retail footwear industry. This low accuracy would impact their sell-through of full-priced items, resulting in 40% of their items needing to be discounted. The financial impact of this low accuracy was tremendous, with Millions of dollars being lost through discounting, overstock, missed sales and working capital.
Our Merchandise Buying Machine Learning Models have increased the accuracy of our Client’s purchase decisions to 80%. Their sell-through has improved from 60% to 80% the value of their discounts have decreased by 50%, and Millions of dollars have been generated by extra revenue and cash flow.
Our 2023-2024 Merchandise Buying Guides
Our Data Science Models have brought millions of dollars in value to our Clients’ Retail Businesses.
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We also use our Machine Learning Models and our actual Singapore and Malaysia retail data to generate and regularly make available to the public these Buying Guides for the Havaianas Catalogs, as an example of the type of prediction improvements your Retail Merchandising Team can achieve if you utilize your data with our models.