TXT Retail
Sephora Optimizes Inventory With TXTPlanning

DGAP-News: TXT Retail / Key word(s): Miscellaneous

2015-12-22 / 15:00
The issuer is solely responsible for the content of this announcement.

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MILAN, ITALY --(Marketwired - December 22, 2015) -  Sephora, the
international leader in skin care and fragrances, has deployed
the TXTPlanning software by TXT Retail to forecast and replenish
its stores on a global scale. The solution, a cornerstone of
Sephora's Supply Chain Transformation project named 'Galaxy,' has
been successfully rolled out to 330 stores in France, followed by
Poland, China and the US to become the corporate standard for
every new store opening.

With more than 2,100 stores in 32 countries, including over 360
stores in North America and a growing offering of more than
65,000 products, Sephora is a truly global omnichannel retailer.
The Group runs flagship stores, concessions in department stores
and internet stores, with an unparalleled assortment of prestige
products, beauty and wellness advisors, interactive shopping
environments and innovation centers.

According to Sephora, the use of TXTPlanning for forecasting and
replenishment is generating significant gains: 'Stock rotation
has increased and this means carrying less stock in each store,
as well as reducing stock-outs and obsolescence rates.'

Planning for a growing, dynamic business such as Sephora is a
very complex task, especially given the highly seasonal nature of
some cosmetics, not to mention variable lead times from multiple
suppliers. Constant innovation and a wide range of influences
which drive sales, including beauty advisors, extra gondolas and
media campaigns, are just some of the complexities facing
planners.

Following the adoption of the TXT AgileFit methodology for a
faster deployment, TXTPlanning became fully operational in France
in record time. The solution fully supports the four key
objectives initially set out by Sephora: to base sales forecasts
on sell-through rates of stores and be able to drill down through
data by week, item and store level; to manage all products with
TXTPlanning, including slow-movers; to propagate demand from
stores to its distribution centers and suppliers for greater
forecast accuracy; to forecast demand taking into account any
special events and promotional activity, as well as the
seasonality of products.

Sephora also leverages the capacity planning functionality of
TXTPlanning in order to optimize replenishment at store and
warehouse levels during peaks periods. Forecasting, which now has
a four-month horizon, drives replenishments upstream and
generates orders to suppliers. 'This is particularly important
for peak periods such as Christmas, when you simply can't place
all of your orders as late as mid-December,' it said.

According to Sephora, the ability to anticipate needs and start
planning for Christmas early in September has translated into
greater agility and resulted in a number of efficiencies, such as
stores having fewer overstocks. 'Less pressure on deliveries and
improved planning means that stores can stay completely focused
on the customer.'

The implementation of TXTPlanning coincided with a considerable
visionary effort by Sephora to rethink the process. This included
introducing new skills, communicating and training all
departments, both in forecasting, and in change management. Sales
& Operations Planning meetings nowadays involve all relevant
departments, including Marketing, Supply Chain and Finance.

'The project was fast, innovative and ambitious. It was a
pleasure collaborating with Sephora's talented, enthusiastic
team,' said Simone Pozzi, Managing Director at TXT Retail. 'We
are really proud to be working with such a visionary Group as
Sephora. Our solutions continue to help retailers of this calibre
stay at the forefront of Planning practices and achieve tangible
business benefits.'

About TXT Retail

TXT Retail is the first mover and leading provider of integrated
and collaborative End-to-End Planning, PLM and Supply Chain
Collaboration solutions for the Luxury, Fashion and Consumer
sectors. The TXT Retail solution is based on a flexible platform
that encompasses the full spectrum of activities involved with
planning, designing, delivery, and managing assortments through
every stage of its lifecycle. TXT Retail projects leverage the
TXT AgileFit best practices processes and reference applications,
which ensure high quality and fast benefit generation. TXT Retail
counts on more than 300 employees and serves more than 300
Fashion, Retail and Luxury customers worldwide, including leading
global players such as Aeropostale, Arcadia Group, Auchan,
Bestseller, Carphone Warehouse, Desigual, Dior, Geox, Guess, Levi
Strauss & Co., Louis Vuitton Malletier, Monoprix, Pandora,
Sephora and Tesco.

TXT Retail Global Headquarters are in Milan, Italy with offices
in Australia, Canada, France, Germany, Hong Kong, Italy,
Singapore, Spain, United Kingdom and United States. TXT Retail
collaborates with selected specialized partners worldwide.

TXT Retail is part of TXT e-solutions, a company listed on the
Italian Stock Exchange (MILAN: TXT)

www.txtretail.com



For more information:
Patrizia Calvia
patrizia.calvia@txtgroup.com

News Source: Marketwire


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2015-12-22 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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     Language:    English        
     Company:     TXT Retail     
   
   
                  United States  
   
   
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