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Experts discuss Printemps’ chance of success in the US retail market

Inside Retail

A year after the French luxury department store originally announced it would be launching its first US location, Printemps is officially opening a brick-and-mortar store in the heart of New York Citys financial district on March 21. The store will have less product and more good product [from legacy and niche luxury brands].

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Why Switch to an AI-Driven Merchandise Planning Solution?

Retalon

A small mistake, such as misplacing a decimal point or linking to the wrong cell, can lead to inaccurate sales forecasts, incorrect inventory allocations, or miscalculated markdowns. Conversely, if demand drops but a retailer continues to rely on old forecasts, they may over-order stock, leading to excess inventory and unnecessary markdowns.