Women's Wear Daily

First Insight Adds Market Segment Versions of Platform for Retailers and Brands

As First Insight Inc. marks a milestone of adding 60 new clients to its roster in 2018, the technology firm is rolling out five new “InsightSuite solutions” that are geared specifically for retail sectors such as footwear and fast fashion. Among the new clients to the customer-centric merchandising platform are Under Armour and Crocs. Greg Petro, chief executive officer of First Insight, said the number of retailers and brands who are leveraging predictive analytics and digital product testing is “a testament to the strength of our expanded platform, which applies machine learning and predictive analytics to nearly a decade of Voice of Consumer data.” Petro added that by providing companies with the “most information and strongest recommendations on the products they are bringing to market, we are ensuring they are able to meet their customers with the right products and prices out of the gate.” Greg Petro  Patrick MacLeod/WWD Maggie Winkel, vice president of global merchandising at Under Armour, said by using the platform the company is now “incorporating the wants and needs expressed by our consumers into our product development process every step of the way.” Winkel said the platform allows the company to “stay close to our consumer” and bring “differentiated product more quickly

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Bridget Foley’s Diary: Karl Lagerfeld: A Remembrance

Genius. Legend. Icon. Such words are inadequate. Karl was Karl. Like no other, unique. His iron-clad hold on fashion and the larger cultural psyche, around the world and across generations, for more than a half-century without a shred of diminished relevance, is astounding and impossible to put into perspective so soon after his death. For now, remembrance […]

Walmart Delivers in Fourth Quarter, Especially Online

Walmart Inc. on Tuesday provided good news for the U.S. retail sector, reporting its best quarterly results in recent years, including comparable-store sales growth of 4.2 percent. Walmart U.S. logged its strongest comp-store sales growth in nine years, 6.8 percent, when measured on a two-year stack. (U.S. comp sales rose 4.1 percent for the quarter, compared with a year earlier.) Last week, the U.S. Department of Commerce said retail sales continued to drop for the first two months of the 2019 first quarter, prompting a retail sell-off on Wall Street. Official figures showed retail sales across stores, restaurants and online slumped 1.2 percent in December, but the figures could be revised another one or two times. The retail and e-commerce giant easily beat Wall Street the analyst consensus estimate for adjusted earnings of $1.33 per share for the quarter, posting $1.41 per share. For the full year, earnings per share rose 11 percent to $4.91. Walmart’s e-commerce sales shot up 43 percent in the quarter, prompting president and chief executive officer Doug McMillon to sound an aggressive note to competitors such as Amazon, which last week decided to quit Long Island City, N.Y., as the site of its HQ2 amid backlash to tax

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