1. News
May 18, 2018

GiFi deploys TXT Retail solution for inventory management

French retailer GiFi has deployed TXT Retail solution for merchandise financial planning and product lifecycle management (PLM) across its stores.

French retailer GiFi has deployed TXT Retail solution for merchandise financial planning and product lifecycle management (PLM) across its stores.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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The move is a part of GiFi’s technology transformation initiative, Millennium.

GiFi will use TXT Retail solution for help with its merchandise financial planning process in a highly collaborative and integrated manner, from weekly budgeting to the definition of the commertial action plans.

"The Millennium project supports our growth strategy and the goal to reach 1,000 stores by 2027."

These plans include promotional and media activities such as catalogue, TV and radio advertising, sales planning and inventory management for different product categories.

GiFi general manager Alexandre Ginestet said: “The Millennium project supports our growth strategy and the goal to reach 1,000 stores by 2027.

“Objectives of the initiative are to simplify our IT landscape to better support our fast-growing business and to obtain a centralised view of key data, while integrating our processes from conception to execution.

“We’ve partnered with TXT Retail for all planning activities; this go-live marks a first, important milestone in our programme.”

GiFi’s merchandise planning process involves category managers, sales directors, merchandising, marketing directors, finance, controlling and the general manager.

All these roles involved contribute to the plan to monitor in-season results through key performance indicators (KPIs) resulting in full process visibility and responsiveness.

GiFi commercial director Christophe Naimi said: “The use of TXT Retail has brought the significant advantage of integrating merchandise planning processes while leveraging the contribution of all departments involved.

“With a vast assortment, fast product innovation and an aggressive store opening programme, TXT Retail’s merchandise financial planning solution ensures the best product selection for our customers, in full alignment with our business objectives and chain growth.”

GiFi is a retailer of home and family products and currently operates a network of more than 440 stores in France and across the world.

Established in 1981, the company offers a wide assortment of 40,000 products in-store.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.