Centric Software® is delighted to announce the release of a success story about its customer, Leder & Schuh Group.
Established in 1872 and headquartered in Austria, Leder & Schuh Group (LSAG) began as a manufacturer in central Europe, becoming an established retail market leader in Austria today. The company owns the brands HUMANIC and Shoe4You, carrying a wide selection of international footwear brands for women, men and children in the mid-to-upper price range as well as bags and accessories.
To manage their pricing and markdowns, it was taking five people 5 days to complete the task, and with 12,000 SKUs, some of countries were just lumped together with others since they didn’t have the staff to work on each geographic region individually. They knew that this was not optimal and that there had to be a better way.
LSAG set out to evaluate pricing systems. They reached out to other retailers to see what everyone was using, but found that there weren’t many solutions that handled markdown management. Putting Centric Pricing & Inventory™ to the test—literally: pitting the current manual process vs. the system—positive outcomes emerged, which was just the proof they needed.
With AI-driven Centric Pricing & Inventory, the automated pricing addresses each region individually, resulting in higher margins. Centric Pricing & Inventory also dictates the timing of the reductions. Product and Merchandise Manager and Managing Director of Purchasing at LSAG, Josef-Bernd Oswald says, “Thanks to Centric’s AI automation tools, the markdowns happen sooner and in smaller increments.”
Other areas that Centric Pricing & Inventory tackles are business processes, inventory and replenishment.
