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February 22, 2018

Shoe retailer Finish Line implements TXT merchandise planning solution

US-based premium sports footwear and apparel retailer Finish Line has deployed the TXT Retail Merchandise Planning Solution from TXT Retail, an Aptos company.

US-based premium sports footwear and apparel retailer Finish Line has deployed the TXT Retail Merchandise Planning Solution from TXT Retail, an Aptos company.

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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:  
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Designed for retail and fashion professionals, the solution provides end-to-end support for merchandise planning activities.

The retailer will be able to use the solution to implement merchandise financial planning across its 950 branded locations in the US, along with its digital channels.

Apart from branded locations in malls and shops inside Macy’s department stores, Finish Line operates from the finishline.com website, the Finish Line app and  macys.com.

In addition to setting specific global targets for all its products, brands and channels, the TXT Retail application will also help Finish Line to support collaborative planning with key vendors.

“The collaborative working relationship between TXT Retail and Finish Line sets the stage for success.”

According to TXT Retail, as the season progresses, the application will help the retailer to easily simulate and make course corrections to monitor the achievement of margin and inventory investment targets.

Finish Line planning and allocation senior vice-president Brad Eckhart said: “By partnering with TXT Retail, Finish Line has advanced our merchandising processes to better serve our customers.

“The use of TXT Retail’s industry-leading solution supports our objective to provide seamless customer experiences and the best, localised product selection to our shoppers. At the same time, we have optimised our inventory investment to deliver the most profitable product mixes.”

Last October, Finish Line had completed the first phase of deployment, which comprised all aspects of merchandise financial planning, including strategic planning, preseason financial planning, in-season forecasting and open-to-buy management.

The company is now focusing on store planning and clustering, key item planning and assortment strategy during the next project phase, in order to create customer-focused assortments that meet localised demand.

In order to carry out these implementations, Finish Line is using the TXT AgileFit deployment methodology, which allows the project to be delivered on tight timelines.

Eckhart added: “The collaborative working relationship between TXT Retail and Finish Line sets the stage for success.

“We valued TXT Retail’s planning expertise and the willingness they demonstrated to implement the best merchandise planning application to fit the needs of our customers and business, under budget and on schedule.”

Retail technology solutions provider Aptos had acquired TXT Retail last October.

The acquisition combines Aptos’ customer engagement and inventory management solutions with TXT Retail’s merchandise lifecycle management suite.

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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.