ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Nedap iD Cloud Selected by Carter's to Optimize Omnichannel

GROENLO, the Netherlands - January 11, 2022 - (Newswire.com)

Nedap (AMS:NEDAP), the global leader in RFID solutions, today announced that Carter's, Inc. (NYSE: CRI), the largest branded marketer in North America of apparel and related products exclusively for babies and young children, has selected Nedap's iD Cloud platform for its U.S. retail store RFID technology needs. The objective is to improve overall inventory accuracy leading to omnichannel sales growth, increased sell-throughs, and operational efficiencies. The roll-out to all stores in the United States was completed in August 2021.

Nedap iD Cloud is the only scalable enterprise platform that gathers all EPC inventory data and its unique item lifespan history into one place to create perfect inventory visibility throughout retail supply chains with the use of RFID technology. Knowing exactly which products flow through the supply chain is crucial in improving product availability, while keeping prices and costs low. This leads to less markdowns, less waste, and higher profitability. This also provides the foundation for omnichannel concepts such as BOPIS (Click & Collect) and Ship-from-Store.

As customer shopping shifts to omnichannel, the accuracy of store inventory becomes increasingly important. "With RFID, we can offer a broader assortment of inventory available to our customers opting for in-store or curbside pickup. In addition to improving the customer experience, better inventory management through RFID is an important tool to deliver increased profitability in our retail business", explains Andrew Tashiro, Senior Director of Omnichannel at Carter's.

After market research comparing various software vendors, Nedap iD Cloud was selected. "The ability to host our data here in the U.S. and to be supported locally was essential for our deployment. Ultimately, the scalability of the platform which allowed us to easily connect existing systems and quickly access accurate inventory data drove the decision to choose Nedap iD Cloud", says Tashiro.

Having customized support from the team at Nedap was key in executing a smooth implementation that allowed Carter's to complete the deployment to more than 750 stores in three months. Working with a support team that took the time to develop a deep understanding of Carter's unique needs and goals was critical. 

Ailen Li, Director of iD Cloud Platform, North America at Nedap comments: "We're really excited to work with such an iconic brand. Founded in 1865, Carter's has an even stronger legacy than our company as Nedap has been around since 1929. To stay relevant over the course of so many decades requires a long-term strategy, but you must also be able to innovate as needed to meet the needs of modern consumers in our everyday reality. With such deep roots, there is a lot of synergy between both companies and that has made a solid starting point for building a successful partnership". 

-------
Press contact:

Ilse Protsman
Marketing Communications Manager
Nedap Retail
ilse.protsman@nedap.com
 


Related Files
PRESS RELEASE_Nedap iD Cloud selected by Carter's to optimize omnichannel.pdf



Press Release Service by Newswire.com

Original Source: Nedap iD Cloud Selected by Carter's to Optimize Omnichannel

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.53
+0.00 (0.00%)
AAPL  273.08
+0.00 (0.00%)
AMD  215.34
+0.00 (0.00%)
BAC  55.28
+0.00 (0.00%)
GOOG  314.55
+0.00 (0.00%)
META  665.95
+0.00 (0.00%)
MSFT  487.48
+0.00 (0.00%)
NVDA  187.54
+0.00 (0.00%)
ORCL  197.21
+0.00 (0.00%)
TSLA  454.43
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.