Fashion Retail

Shelf space is a critical but a  finite resource in retail. The speed of inventory rotation on shelf space drives the profitability of a retail business. However, in many cases, shelf spaces are occupied by significant quantities of slow-moving stock at one end and on the other end retail stores often suffer from stock out of fast-moving items.       Together, these issues lead to sales loss and poor inventory turns for retail outlets. Our comprehensive solution of consulting and technology helps clients in retail to significantly increase the availability of relevant items and, simultaneously, release capital tied up in slow-moving inventories, thus boosting returns on expensive shelf space. We have significantly improved performance of   Blackberrys, Arvind Fashions, Westside Retail, VIP Luggage, Liberty Shoes, Bake with Yen (Malaysia) in Retail space.

Industries

Retail Solutions

Retailers today face a tough challenge: offering enough variety to attract customers without overwhelming shelves and tying up capital. Online shopping has made consumers aware of far more options, pushing brands to expand product ranges a phenomenon seen across&nbsp; categories without exception.&nbsp;But more products don’t always mean more sales. Slow-moving items take up space, reduce margins, and often require discounts to clear. In industries with shorter product lifecycle like apparel , electronics , wearables, &nbsp;or perishable sectors, the pressure is even greater, and even durable goods like cars have very short shelf life now.&nbsp;With the result that product management &nbsp;must balance variety &nbsp;with efficiency. Smarter curated products &nbsp;,agile inventory planning through differentiated supply chain , and real-time assortment decisions are essential. The goal is clear: stay relevant without overloading the inventory. In retail, more isn’t always better—it’s often just more risk.

Product Assortment

Lower product range

Inventory days reduction

for CORE products

Contribution of higher PLC items

As brands open more stores and expand their assortments, deciding what to stock where gets harder. Tailored selections aim to match local tastes, but predicting what will sell is tricky. A wrong call can leave you with too much of what no one wants at some store and the same item might be stocked in other store clusters.&nbsp;To manage this conundrum using spreadsheets is a tough ask and retail planners often group stores by region or similar sales patterns, which simplifies planning but leads to imperfect fits and slower moving inventory leading to higher discounting. More often than not planners also add more variety to the store so that they don’t risk putting a lot of inventory in a few items. But this leads to&nbsp; thinner stock of popular products which can sell out too fast, while the rest remain as tail items on the shelf compounding the problem.

Merchandise Grid Planning

increase in sales

Higher sales per store

Higher inventory turns

Most stores stock only small quantities of each product or SKU, since individual items don’t sell fast enough to justify large volumes. When something does sell well, it often runs out quickly—making fast replenishment essential. But restocking the exact item isn’t always possible, so similar alternatives are sent instead.&nbsp;Ideally, stores could use backroom stock, but in high-rent areas, storage space is limited and expensive. That means stores rely on frequent deliveries based on how fast items are selling. This replenishment or replacement process is often managed manually using spreadsheets, which is a huge task for planning teams. To keep things manageable, they prioritize large, high-performing stores or categories to do the regular working —while smaller ones often gets only reactive treatment. As a result, there’s missed potential to optimize inventory across the full store network.&nbsp;

Merchandise Grid Management

Daily availability

Higher availability of grids

Faster replenishment cycle

Release in planning load

Bandwidth release of planning

Generically speaking, whenever a sale transaction happens over a point of sale between a retailer and a consumer, it is considered as 'Retail'. Professionals in the Retail industry are aware of the prevalent channels of such transactions – be it “General Trade”, “Modern format Retail”, or “E-commerce / online platforms”.   In this section, we are talking about “Modern Format Retail” chains. These chains typically cater to the following industry sectors – Food & Groceries, Health care, Garments, Jewellery, Watches, Home Appliances, Cosmetics, Luggage & Footwear.  Our Solutions in Retail help companies to achieve a higher throughput per square feet of shelf space while achieving a significant reduction in inventories, thus realising much better ROI. For organizations having to deal with seasons (Fashion Retail), our solutions help to achieve higher 'full price sell through' thus minimizing the discounts the companies have to offer during the end-of-season sales, again maximising the ROI.   We have worked with Organizations like Blackberrys, Arvind Fashions, Westside Retail, VIP Luggage, Liberty Shoes, and Bake with Yen (Malaysia) in Retail space to help them with the above-stated objectives.

Vector Consulting Group provides consulting and technology solutions to retail businesses, enabling them to increase the availability of relevant items, release working capital, and boost ROI.

Industries

Retail Solutions

Product Assortment

Merchandise Grid Planning

Merchandise Grid Management

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