LONDON and MINNEAPOLIS, May 19, 2014 /CNW/ - Quantum Retail Technology™ Inc., the industry's leading provider of consumer driven inventory solutions has been selected by Sainsbury's to provide software and services to help it optimize its fashion and general merchandise inventory through improved allocation and replenishment functionality.
"Sainsbury's is world renowned for the innovative ways they focus on their customers and business," said Steve Buege, CEO for Quantum Retail. "We look forward to working in close partnership with the Sainsbury's team and helping to deliver the growth ambitions of both fashion and general merchandise categories. This is an exciting project for Sainsbury's and Quantum is pleased to have been selected as a partner."
Notes to editors:
Sainsbury's recently re-launched its Tu and by Sainsbury's brands and renewed its collaboration with designer Gok Wan for a further 12 collections.
Clothing and general merchandise are now available in over 400 Sainsbury's stores
About J. Sainsbury PLC
Sainsbury's was founded in 1869 and today operates over 1,203 supermarkets and convenience stores and employs around 161,000 colleagues. It aims to put customers at the heart of everything it does and it has invested in its stores, colleagues and channels to deliver the best possible shopping experience.
As consumer demand has becomes less predictable and as retail buying patterns and channels become more complicated many of the world's most successful retailers utilize Quantum's Q solutions. Q helps retailers with both comprehensive and granular predictions of their product demand based on consumer behavior while also providing the ability to act on that intelligence. The Q system continuously learns and dynamically analyzes and then responds to changes in demand for every product and store location to maximize value for retailers of all types. The Q system is adaptable within the retailer's existing environment and works in conjunction with many of today's leading supply chain and merchandising platforms including Oracle, SAP, and JDA.
About Quantum Retail Technology, Inc.
Quantum Retail Technology is the industry's leading innovator of retail focused consumer driven merchandising and inventory optimization solutions. Our solutions help retailers realize the highest value from their inventory investment by understanding consumer demand and acting on it to optimally leverage their supply chain. Many of the world's top retailers are already Quantum clients. Quantum is privately held and is headquartered in Minneapolis, Minnesota. For more information on Quantum Retail technology, please visit our website at http://www.quantumretail.com
Quantum Retail and Q are registered trademarks of Quantum Retail Technology, Inc. All other trademarks are owned by their respective companies.
SOURCE: Quantum Retail Technology, Inc.
For further information:
Amy Anderson, 612.284.4156, [email protected]