Apparel retailer Express, Inc. completed the implementation of S5 Stratos Inc.’s S5 Assortment, a retail assortment planning application that uses artificial intelligence (AI) and machine learning to track changing consumer demand and predict selling patterns at a hyper-localized level.
S5’s AI-driven platform powers a suite of business planning applications that embed advanced data science into user-friendly workflows, empowering everyday users with easy access to deep insights and recommended actions.
By coupling a powerhouse AI-driven platform with intuitive planning workflows, the S5 Assortment Planning application elevates the assortment planning process by helping retailers determine what products to carry, how much to buy by size and when and where products should be offered. By providing visibility into customer trends and shifting market dynamics, S5 Assortment enables retailers to make smarter decisions related to the development of future product strategies and personalization of each offer. With extensive coverage for omnichannel pre-season and in-season planning across both fashion and basic product types, S5 Assortment provides a holistic solution that eliminates spreadsheet-based tools, streamlines processes, improves decision quality and increases organizational agility.
“To support our new go-to-market approach, we identified an opportunity to modernize our order management and assortment planning systems with next-generation technology that will improve data integrity and reduce manual work,” said Matt Moellering, President and Chief Operating Officer, Express. “S5 Stratos has been a great partner on the development and implementation of this new AI-powered solution, which seamlessly integrates with our existing technology platforms, allowing us to make faster, better decisions.”
“A large part of effectively servicing today’s consumer lies in understanding data. As retailers face unprecedented challenges in gaining and holding market share, they need solutions that can quickly read and interpret data and present relevant insights and recommended actions. S5’s solutions effectively put the power of advanced data science directly into the hands of the end-user, empowering better decisions and greater adaptability, which ultimately forges more agile organizations,” said Chetan Anand Gabri, CEO and Co-Founder, S5 Stratos. “By using S5’s AI-driven platform, Express is blazing the trail for modern retail and pioneering a new era of consumer-centric strategies in retail.”