Retail Management

Asynchronous Assignment

The article talks about the company Coach who has ethical concerns, the company recently stated that it
will no longer sell fur items. Similar statements from major fashion retail competitors such as Gucci,
DKNY, Versace, Burberry, and Columbia Sportswear prompted the decision. "We're doing it because we
believe it's the right thing to do," Coach's CEO Joshua Schulman stated. Many customers will agree with
Mr. Schulman, but not all, which raises the question of how much will dropping fur cost the entire chain
in comparison to the predicted benefit? A retail Predictive Analytics engine also features inventory
optimization tools like Replenishment and Inter-Store Balancing that allow merchants to modify in-
season even further. The device can also help companies proactively rearrange inventory to match
demand.

This engine can identify the holes in your retail selection that have been left by not carrying fur by using
a highly precise forecast. The technology can identify high-performing products or categories and make
proactive recommendations about how to expand the retail range to cover the gap and increase profits.