- New regional warehouse and distribution center enables faster
shipping, with overnight and two-day delivery not previously
available from existing UK global distribution center.
- U.S.-based warehousing expected to lower import duty fees and
shipping costs while boosting eCommerce margins for North American
sales.
- Quiet Platforms’ AI-powered Click2Door solution supports
rapidly-scalable logistics and enhanced customer experience.
Perfect Moment Ltd. (NYSE American:PMNT), the high-performance,
luxury skiwear and lifestyle brand that fuses technical excellence
with fashion-led designs, has opened its first U.S.-based warehouse
and distribution center in Dallas, Texas.
Operated in partnership with Quiet Platforms, a leading provider
of strategically located fulfillment centers and last-mile delivery
solutions, the facility has been designed to better facilitate and
optimize Perfect Moment’s order fulfillment and distribution across
North America.
The location provides an enhanced customer experience by
enabling new shipping options, including two-day and overnight
delivery, which was not previously practical from the company’s
global center in the UK.
“The opening of this distribution center demonstrates our
commitment to meeting our North American customers’ needs and
streamlining the customer experience,” stated Perfect Moment CEO,
Mark Buckley. “This is also made possible through our new
partnership with the leading supply chain management company, Quiet
Platforms. They will continue to play an important role as we
further our expansion plans for the U.S., which includes our first
physical store in Soho New York which will open later this
month.”
The company recently announced the opening of its first seasonal
store in New York's SoHo District, where it will showcase its new
Autumn/Winter Collection.
Perfect Moment plans to use the regional distribution centers to
build upon its already rapidly expanding North American customer
base, with its U.S. sales alone reaching nearly $10 million or more
than 40% of total net revenues in its last fiscal year.
The U.S.-based distribution center will allow the company to pay
lower import duties based on transfer price rather than the higher
retail price, as well as significantly lower overall shipping
costs.
In addition to helping to lower fulfillment costs, Quiet
Platforms’ AI-powered localized delivery system will help improve
the customer shopping experience with faster and more convenient
shipping and return processing.
The lower duty, outbound, and return shipping costs also
advances the company’s margin expansion strategy. “We expect these
savings to significantly boost our eCommerce margin in the second
half of our fiscal year,” noted Perfect Moment CFO, Jeff Clayborne,
“with this contributing to an overall margin improvement in fiscal
2025, ending in March."
As announced last July, Perfect Moment has implemented Quiet
Platforms’ end-to-end fulfillment and delivery solution,
Click2Door. The AI-powered platform permits predictable
per-order costs that encompass the entire order journey, from
receiving and storage, to ‘pick & pack’ and last mile
delivery.
“At Quiet Platforms, we do more than manage logistics—we empower
high-growth brands to reach their full potential," commented Bill
Besselman, Quiet Platforms’ SVP of Supply Chain Strategy. “We’re
glad to become a trusted partner of Perfect Moment and deliver
solutions that support its long-term growth and success.”
About Quiet Platforms
For digital-first brands and retailers facing complex supply
chain challenges, Quiet Platforms streamlines supply chains through
a nationwide network of strategically located fulfillment centers
and last-mile delivery solutions, all orchestrated by cutting-edge
data science and AI. Trusted by over 30 globally renowned
retailers, including American Eagle, Todd Snyder, Pehr and Tipsy
Elves, it understands the need for efficiency and meeting the
customer promise. For more information, visit
quietplatforms.com.
About Perfect Moment
Founded in 1984 in the mountains of Chamonix, Perfect Moment is
a high-performance luxury skiwear and lifestyle brand. It blends
technical excellence with fashion-forward designs, creating pieces
that effortlessly transition from the slopes to the city, the
beach, and beyond.
Initially the vision of extreme sports filmmaker and
professional skier Thierry Donard, the brand was built on a sense
of adventure that has sustained for over 20 years. Donard, fueled
by his personal experiences, was driven by a desire to create
pieces that offered quality, style and performance, pushing the
wearer in the pursuit of every athlete’s dream: to experience ‘The
Perfect Moment.’
In 2010, British-Swiss entrepreneurial couple Jane and Max
Gottschalk took ownership of the brand. Under Jane’s creative
direction Perfect Moment was injected with a new style focus, one
that reignited the spirit of the heritage brand, along with a
commitment to improving fit, performance and the use of
best-in-class functional materials. As such, the designs evolved
into the distinct statement pieces synonymous with the brand as we
know it today.
Today, the brand is available globally, online and via key
retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges,
Saks, Bergdorf Goodman and Neiman Marcus.
Learn more at www.perfectmoment.com.
Important Cautions Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, contained in this press release
are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of
words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar
expressions, although not all forward-looking statements contain
these words. Forward-looking statements are neither historical
facts nor assurances of future performance. Instead, they are based
on our current expectations and are subject to inherent
uncertainties, risks and assumptions that are difficult to predict.
Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
Our actual results and financial condition may differ materially
from those indicated in the forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ from those contained in the forward-looking
statements, include those risks and uncertainties described more
fully in the section titled “Risk Factors” in the final prospectus
for our initial public offering and in our Form 10-K for the fiscal
year ended March 31, 2024, filed with the Securities and Exchange
Commission. Any forward-looking statements contained in this press
release are made as of this date and are based on information
currently available to us. We undertake no duty to update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241024692314/en/
Company Contact Jeff Clayborne, CFO Perfect Moment Tel
+44 (0)204 558 8849 Email contact
Investor Contact Ronald Both or Grant Stude CMA Investor
Relations Tel (949) 432-7566 Email contact
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