The American fashion retailer, Express, has collaborated with S5, a cloud-based Artificial Intelligence (AI) company, to focus on retail and CPG industry for the implementation of S5 Assortment – an AI- and ML-based retail assortment planning solution to meet the evolving demands of the customers with the right product offerings.
The S5 AI-driven platform leverages the use of advanced data science for delivering deeper insights and better recommended actions.
The implementation of the assortment planning software would help Express to implement a better assortment plan based on the product performance.
It details the products that can be carried, should be dropped, the buying quantity and the locations these products should be offered.
Also, it offers visibility into market trends and customers’ buying behaviour to understand the business and make smarter data-driven decisions. These insights also help in planning future product strategies and personalisation of each offer.
“S5’s solutions effectively put the power of advanced data science directly into the hands of the end-user, empowering better decisions and greater adaptability, which ultimately forges more agile organisations. By using S5’s AI-driven platform, Express is blazing the trail for modern retail and pioneering a new era of consumer-centric strategies in retail,” said Chetan Anand Gabri, CEO and Co-founder, S5 Stratos.