Company News • 22.06.2015

Fashion retailer TAKKO selects TXT Retail

Customer-driven assortment management

TXTPlanning will support TAKKO in localizing assortments through...
TXTPlanning will support TAKKO in localizing assortments through differentiating store plans.
Source: TAKKO

TAKKO, one of Europe’s fastest growing fashion retailers, has selected TXTPlanning to support all its retail planning processes, from financial merchandise planning to assortment and in-season planning.

TAKKO is applying the TXT AgileFit deployment methodology, which provides reference processes and a full set of documentation that accelerates the deployment and time to achieve benefits.

"The project with TXT is part of our strategy to establish a customer-driven, integrated merchandise management process. Our objective is to move from a traditional push model to a pull approach, where customer demand and insights coming from the market drive assortment decisions. The TXTPlanning solution will help us achieve higher visibility on demand and more optimally cluster our stores" said TAKKO’s CEO Michael Strehler.

From its origins as a small, regional fashion retailer to an established value fashion retailer, for over 30 years, TAKKO has never stopped growing and evolving. Today, with approximately 1,900 stores and €1billion turnover, TAKKO is a household name in 16 European countries and Russia.

TXTPlanning will support TAKKO in localizing assortments through differentiating store plans which take into account marketing and store-specific events. The software will also be used for merchandise financial planning setting targets and determining the best path to higher profitability. Most critically, TXTPlanning will be used to drive out the assortments, which combined with store clustering will create market appropriate collections which will then drive the sourcing and product development requirements. Lastly forecasting, allocation and replenishment round out the offering, optimizing the in season planning processes.

"We selected TXT because it covers the entire planning process from end-to-end in one single environment; but also for the usability of the solution, which combines the simplicity of an Excel interface with the power of a sophisticated planning tool. Also, the AgileFit methodology and best-practices proposed, simply matched our needs. AgileFit will accelerate deployment times helping us stay on schedule with our planning and business calendars," said Thomas Rothe, Senior Director Planning&Allocation at TAKKO

Expected benefits of the project include: improved services levels from having the ideal assortments to match customer needs; optimized inventories and use of working capital; as well as a better understanding of demand that will help maximize bestsellers, prevent overstocks and reduce markdowns. The end-to-end planning capabilities of the TXT solution will also help TAKKO further improve transparency, providing one view of information and relevant performance measures.

"We are proud to be working with a fashion leader and talented team such as TAKKO’s, and to support their vision to become ever more customer-driven. Creating customer focused assortments for fastmoving merchandise requires driving products through the initial concept stages through to delivery in a very fast and efficient manner. Fashion retailers such as TAKKO recognize the value of our solutions in providing the end-to-end integration, visibility and advanced planning capabilities that are key enablers to this strategy," concludes Simone Pozzi, EVP Managing Director at TXT Retail.

Source: TXT Retail

related articles:

popular articles:

Thumbnail-Photo: Nominate your company for the E-commerce Germany Awards 2020!...
21.11.2019   #online trading #e-commerce

Nominate your company for the E-commerce Germany Awards 2020!

Award ceremony as part of E-Commerce Berlin Expo

The E-commerce Germany Awards are officially accepting submissions as of the 4th  November, 2019. Companies within the e-commerce sector are able to apply to one of the ten categories. The annual awards are given out for the third time in ...

Thumbnail-Photo: Spar: opening in Copenhagen
30.10.2019   #electronic shelf labels (ESL) #price labelling

Spar: opening in Copenhagen

International Flagship-Store opens for business in Sydhavn, in the South of Copenhagen

On August 22nd, the grocery chain Spar opened its doors to a brand new store with international concepts in the South of Copenhagen area, Sydhavn. The new store offers a modern shopping experience where it should be easy, convenient and enjoyable to ...

Thumbnail-Photo: drs//POS – The POS system for many check-out situations...
13.09.2019   #pos systems #cashpoints

drs//POS – The POS system for many check-out situations

With the POS system developed by Superdata you are put in the picture

The POS acts as an ear in the store. It affects how timely, and with what information, decision makers at the head office are in a position to assess developments in the store and are able to respond appropriately to the situation.With our POS ...

Thumbnail-Photo: Pay cash? Via code!
26.08.2019   #mobile payment #app

Pay cash? Via code!

Shop online, pay the bill offline

Barzahlen.de relies on good old cash. The concept of the Berlin start-up: shop online, pay in cash at the store. Swimming against the trend of fast online shopping and mobile payment is paying off, says Weina Wang, Head of Retail. In an interview, ...

Thumbnail-Photo: The iXtenso editors tested self-scanning ......
30.09.2019   #mobile payment #self-checkout systems

The iXtenso editors tested self-scanning ...

... with an app of the Hobbymarkt Knauber in Bonn, Germany

Snabble has developed a payment app that allows customers to scan their purchases in retail stores and pay online. I wondered: How does it work?The app is in use in the Bonn DIY and hobby market Knauber, among other places. Let’s make a move ...

Thumbnail-Photo: Smart meters: Be proactive and reap the benefits...
12.08.2019   #energy optimization #electrical installation

Smart meters: Be proactive and reap the benefits

The Metering Point Operation Act calls for smart meter rollout

The black and analog electric meter box has become obsolete: The mandatory smart meter rollout will commence in a few months. What does the installation of digital, smart electric meters mean for retailers and chain stores? ...

Thumbnail-Photo: Silver Surfers: Older adults ride the wave of mobile technology and shop...
01.08.2019   #online trading #e-commerce

Silver Surfers: Older adults ride the wave of mobile technology and shop online

The increasing importance of e-commerce for senior citizens

You are wrong if you think it’s mostly young people who spend time online. Older adults are also increasingly embracing online shopping with enthusiasm.In this interview, Spencer Hinzen, Director of Sales, Central Region, Ruckus Networks, ...

Thumbnail-Photo: Irma: flagship store in Copenhagen
30.10.2019   #electronic shelf labels (ESL) #price labelling

Irma: flagship store in Copenhagen

Denmark's oldest grocery chain opens a new store

At the same time Irma, a Danish grocery chain, could celebrate its 133rd birthday, the chain also opened a new flagship store at Østerport station in Copenhagen. Besides showing renewal and being able to ensure the customers updated prices ...

Thumbnail-Photo: New year brings new regulations
13.09.2019   #data management #receipt printer

New year brings new regulations

What are the big changes for German point of sales systems come 2020?

Big changes are coming to Germany’s point of sale systems starting January 1, 2020. Two terms that are tossed around in this connection are "Belegausgabepflicht" (Receipt Provision Ordinance) and ...

Thumbnail-Photo: Mobile payments at the supermarket checkout
05.08.2019   #mobile payment #smartphone

Mobile payments at the supermarket checkout

An early adopter’s experience of mobile payments

Or: "What’s that you’re doing with your watch?“I still remember the first time I used mobile payment technology and paid for items with my smartphone at a supermarket checkout: It was October 17, 2018, exactly seven days after ...

Supplier

APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
Superdata GmbH
Superdata GmbH
Ruhrstr. 90
22761 Hamburg
iXtenso - Magazin für den Einzelhandel
iXtenso - Magazin für den Einzelhandel
Celsiusstraße 43
53125 Bonn
Permaplay Media Solutions GmbH
Permaplay Media Solutions GmbH
Aschmattstr. 8
76532 Baden-Baden
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen