Boynton Beach, FL, February 22, 2011 – VendorNet Inc., a provider of cross-channel fulfillment technology, today announced international footwear designer and retailer, Stuart Weitzman will launch VendorNet's StoreNet Ship-from Store software to integrate its store inventory for e-commerce sales and fulfillment to save sales on the web and in stores.
"The ability to leverage our network of store inventory to augment the online experience provides significant added value to our customers. We will minimize out-of stocks, and satisfy customer demand at their desired point-of-purchase, which is a key factor in delivering an enriched experience for today's cross-channel shoppers," said Phil Kodroff, Vice President, Distribution and MIS at Stuart Weitzman. "The nature of our products implies a relatively high average order size, so out-of-stocks due to imperfect inventory allocations by location can have a significant impact on bottom-line sales. By exposing enterprise-wide inventory online and in all stores, StoreNet will enable us to capture revenue that would have been lost."
Stuart Weitzman's U.S.-based stores will be live with StoreNet in May. StoreNet's ability to integrate with a retailer's existing retail systems infrastructure allows for rapid deployment. Likewise, a simple store interface minimizes the impact of in-store fulfillment. "We have been considering developing homegrown, StoreNet-like capabilities for some time, but tabled that idea when we discovered VendorNet. Aside from technology considerations, we also examined other business obstacles such as training store personnel. That is not an obstacle with StoreNet. It provides an extremely easy to use, step-by-step process to pick, pack, and ship an order." stated Kodroff.
"We are pleased to partner with Stuart Weitzman to integrate its e-commerce and store channels to expand its connection to its customers. Stuart Weitzman is known worldwide for its unique and beautiful designs. StoreNet Ship-from Store will increase availability of its alluring products both online and in the store to ensure it captivates its clients wherever they shop," remarked Sharon Gardner, President at VendorNet.
StoreNet routes e-commerce orders to stores when the direct-to-consumer warehouse is out-of-stock. Through StoreNet's order allocation engine, an order is dynamically routed to the best store suited for fulfillment based on business intelligence such as the sell through rate at the item level by store, and a variety of other retailer-defined business rules.Store associates access orders through an intuitive web-based/mobile interface that guides store associates through the fulfillment process including automated pick lists, packing slips, shipping labels, and carrier manifests.
"Stuart Weitzman designs shoes to make women happy, but great products are only part of the experience. StoreNet will help us ensure we deliver the complete shopping experience including seamlessly fulfilling orders regardless of the sales channel. If our warehouse or a store is out-of-stock, we can leverage StoreNet to route the order to another location for fulfillment. We don't disappoint our customers, and we optimize our inventory, a win for our customers and our bottom line," commented Kodroff.
About Stuart Weitzman Holdings LLC
Stuart Weitzman Holdings LLC is a global leader in designer footwear, and distributes its shoes through such fine stores as Saks Fifth Avenue, Neiman Marcus, Scoop, Nordstrom Lane Crawford, Bergdorf Goodman and Harrods. Currently Stuart Weitzman operates 32 retail stores across the United States including New York, Beverly Hills, Chicago, Boston and Las Vegas. Stuart Weitzman also has 40 Stuart Weitzman branded stores outside of the United States. The brand is sold in more than 70 countries.
The company, which is run by Stuart Weitzman (Founder & Designer), has built a reputation for its creative use of unique materials in footwear and for its attention to quality. Stuart Weitzman's dedication to fusing fashion, fit and comfort has earned him accolades from both the design world and legions of diverse fans, including some of the top celebrities across the globe. His shoes are a familiar sight at events like the Oscars and the Emmys and his bridal collections have won awards of their own.
About VendorNet Inc.
VendorNet (http://vendornet.com), a wholly owned subsidiary of GSI Commerce Inc., (Nasdaq: GSIC), delivers web-based omni-retailing and supply chain solutions that enable intelligent cross-channel commerce by integrating and routing orders from all sales channels to the best-source fulfillment location including warehouses, suppliers, and brick and mortar stores.These solutions optimize inventory usage and visibility, decrease order delivery time and expense, improve customer loyalty and satisfaction, and increase sales. More than 120 retailers and over 17,000 suppliers, warehouses, and stores are leveraging VendorNet solutions. Retail clients include Nine West, CompUSA, Neiman Marcus, David's Bridal, Lands' End, Orvis, National Geographic, Rue La La, Saks Fifth Avenue, Liz Claiborne, Brookstone, and Guitar Center.
Contact:
VendorNet
Louisa Rupp
954-767-8228
This e-mail address is being protected from spambots. You need JavaScript enabled to view it