Usizy wants to help retailers make smarter business decisions.
To remedy retailer pains, including returns and stock breaks, Madrid-based size recommendation technology, Usizy, publicly launched its “Smart Business” tool for retailers. Usizy is a platform for retailers to make data-driven decisions “based on their pains, needs and feedback,” according to Iñaki Garcia, cofounder and chief executive officer of Usizy.
Citing data from Statista, the U.S. returns problem will surmount $550 billion by 2020, up 75 percent from 2015. With Usizy Smart Business, companies can see on average, returns rates reduced by 25 percent, conversion rates boosted 20 percent, as well as customer loyalty lifted by 3 percent.
Servicing more than 315 brands including Nike, Levi’s, Calvin Klein in 100-plus countries, Usizy touts the strengths of its team — comprising data scientists and engineers — and algorithms, which predict stock breaks, profitable price points and returns at the product and size level. Clients can access tools such as size adviser, smart stock, smart logistics and smart pricing to better tailor their e-commerce strategies with data, while aiming to eliminate hidden costs.
According to Newmine, a developer of an AI-powered returns reduction platform technology, every $1 million in returns reduction adds 500,000 in earnings before interest, tax, depreciation and amortization.A Perfect Fit, No Undressing or Universal Size NeededHow Body Mapping Makes Under Armour, J. Crew a Better Fit With Shoppers
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Opinion | Making Money Is a Patriotic ActFrom WSJopinion: These days getting rich off a profitable business is regarded as almost sinister. But we have nothing to apologize for, and we don’t think the government should have more of our profits, write bernie_marcus and JCats2013
Leer más »
Hardware Startup Mason Looks To Build The ‘Twilio For Tablets’ With $25 Million Series A Funding RoundRight, now businesses have a hard time building customized smart hardware. Mason wants to help any company make a Ring, Square, or Peloton.
Leer más »
The Workforce Of The Future: The Skills Challenge Becomes More ApparentBy continuing to gain clarity in what skills will be needed, and committing to supporting the development of these skills, businesses are creating a brighter future.
Leer más »
11 Hair Diffusers That Will Make Your Curls Look Their BestIt's about time you add this wave-transforming tool to your routine:
Leer más »
Exclusive: Google's jobs search draws antitrust complaints from rivalsGoogle's fast-growing tool for searching job listings has been a boon for e...
Leer más »
Ten ways connected technology has changed the homes we live inHere's how connected and smart devices are transforming modern households.
Leer más »