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JULY 29, 2022
Apparel companies Stitch Fix and ThirdLove are two examples of companies that tout their use of data analytics and artificial intelligence in their services. The value of transparency Numerous industries benefit from insights into customer intent and preferences.
Harvard Business
FEBRUARY 13, 2017
” Step 2: Do benchmarking. Here you “benchmark the key revenue and cost metrics in your business against the market and against firms offering the most-comparable products.” One of the growth vectors they identified was moving into the production of high-end apparel that would be sold in department stores.
Harvard Business
JUNE 3, 2016
In the apparel industry, the benchmark for inventory accuracy is somewhere between 60% and 70%. Consider an IT investment that one European retailer was pondering. However, the implications of inaccuracy are significant.
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