TXT Retail, an Aptos Company, today announced that Future Group, one of India’s leading business conglomerates, has successfully deployed TXT Retail’s End-to-End Merchandise Lifecycle Management solution across its Big Bazaar chain, India’s most popular hypermarkets, and its fbb fashion retail stores in 220 Indian cities.
Future Group now manages, with TXT Retail, the complete spectrum of its merchandising processes: merchandise financial planning, assortment planning, open-to-buy, allocation and replenishment for more than 45,000 product options. The project, which involves 100 users across the organization, has been a joint delivery with Ptex, TXT Retail’s implementation partner in India.
Future Group is home to some of the leading consumer businesses in India. It owns and markets over 100 brands in the food, FMCG, fashion and homeware segments that cater to almost every category and consumer segment in the country. The group also operates in over 17 million square feet of retail space, which includes the country’s most popular retail chains including Big Bazaar, EasyDay, Heritage, Nilgiris, FBB, Central, Brand Factory, eZone and Home Town, among others that collectively attract over 400 million customer visits annually. Big Bazaar is ranked 14th among the Most Trusted Brands in the country, as adjudged by Nielsen-The Economic Times surveys.
“The successful go live at Big Bazaar and synergies between our companies prove that partnering with TXT Retail to support our growth has been the right choice,” comments Rakesh Biyani, Joint Managing Director at Future Group. “With the extensive socio-economic changes that India has undergone in the last decade, consumers’ needs and requirements are evolving fast. TXT Retail’s end-to-end planning capabilities help translate the deep understanding of the Indian society that our group has developed into precise merchandising decisions and tailored assortments to our customers.”
TXT Retail supports Future Group to set its global collection targets and to derive the best buying and assortment plans to meet demand. Additionally, TXT Retail’s forecasting, allocation and replenishment capabilities provide the tools to optimize in-season merchandise management and inventory levels across products and locations.
With the go live at Big Bazaar, the deployment of TXT Retail is now being extended to Future Group’s complete retail portfolio, including Central department stores and Brand Factory — India’s largest fashion discount store chain. “A big benefit of the project is the standardization and orchestration of the end-to-end merchandising process. It is a model that we will replicate throughout our business,” notes Biyani.
“We are excited about the success at Big Bazaar and proud to support the long-term vision and transformational journey of a smart, committed retailer such as Future Group,” states Zaki Hassan, Regional Vice President Asia, at TXT Retail, an Aptos Company. “This go live marks another important milestone as we keep expanding our customer base and investments in the Asia-Pacific region, and reinforces that sound merchandise lifecycle management practices are critical to global and regional retailers.”
Future Group leveraged the TXT AgileFit deployment methodology which accelerates deployment and time to benefit thanks to reference processes and a pre-configured optimized solution framework honed through TXT Retail’s experience with hundreds of customers globally.
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