Many retailers are still depending on antiquated manual processes to make inventory decisions. With the events of recent years, however, it’s become clear that failing to use accurate, data-driven insights to ensure good merchandise stock can take a heavy toll on business. Sparkbox is an AI-first startup hoping to change that. It helps brands optimise pricing, forecast demand, act on rebuying opportunities, and ensure their inventory is available across broader wholesale and 3rd party channels.
Profitability isn't the only benefit Sparkbox can sell itelf on, though. Data-driven fashion merchandising will help businesses get ahead of increasing levels of social and regulatory scrutiny regarding waste. The fashion industry is reported to generate around one tenth of all global carbon emissions, and in the UK alone around £140M worth of clothing ends up in landfill every year. So Sparkbox’s service is good for profit, but also increasingly good for business in a consumer market ever-more preoccupied with ethical values.
Kirsty
Company Specialist at Welcome to the Jungle