Lacoste UK Drives Excellent Results With EDITED
November 19 2024 - 7:03AM
Business Wire
EDITED™ gives Lacoste speed to data, enabling
it to make customer-centric decisions and stay one step ahead of
the competition.
EDITED™, the leading global retail intelligence platform, is
thrilled to report excellent results from its ongoing partnership
with Lacoste UK.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241119880609/en/
EDITED x Lacoste UK (Photo: Business
Wire)
As Lacoste shifted to a more customer-focused approach, it
needed support moving from manual to automated data-driven
processes in its pricing and assortment categories.
“The market moves really fast, but the consumers’
decision-making is even faster these days. We introduced EDITED at
Lacoste to increase our speed to data and create more of a customer
focus,” says Matt Blackmore, Senior Director of Merchandising,
Supply Chain, and Operations (UK & Ireland) at Lacoste.
Using EDITED’s data, Lacoste made an informed decision to
decrease prices in one of its key categories, leading to the
category's size tripling season over season.
Additionally, the brand has seen remarkable growth in its
leather goods category. Prior to EDITED, this category had a small
market share, and the team had difficulty breaking into the
marketplace. Using EDITED, however, Lacoste had data to support
what worked in terms of shape, product, color, and pricing
structure, leading to the development of a specific range for the
UK. Overnight, Lacoste transformed a category with minimal
market share into a growing business for the company with
substantial market share.
Blackmore concluded, “EDITED gave us a cross-functional
omnichannel tool that is fully integrated across the business, from
briefing to promotional strategy. This has given us a competitive
edge, enabling our team to have a more enriched decision-making
process and, ultimately, stay one step ahead of the
competition.”
Watch the video to learn more about how EDITED empowers Lacoste
with true retail intelligence here.
About EDITED:
EDITED is the world’s leading AI-powered retail intelligence
platform that empowers brands and retailers with real-time insights
and actionable recommendations around assortment, pricing, and site
merchandising. We help retailers drive better business outcomes by
providing a holistic view that is market-informed, profit-aware,
and customer-centric. The world’s most successful brands and
retailers use EDITED’s platform to get closer to their best
customers and future-proof their business.
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version on businesswire.com: https://www.businesswire.com/news/home/20241119880609/en/
Media Contacts: Press@edited.com