Nextail Labs
Description
Nextail is a smart platform for retail merchandising. Developed by retail experts, it delivers agile data-driven decisions to meet increasing consumer demands. Using Nextail’s AI and advanced analytics, global retailers like River Island, Versace and Pepe Jeans, are automating dynamic buying and merchandising. Within weeks, sales and margins increase while stock levels are reduced.
We support 4 key decisions every retailer faces: buying, first product allocation, replenishment and store transfers. Our optimization engine coupled with the most advanced retail-specific BI, has proven to increase sales by 5-10% while reducing stock coverage and stock-outs.
How are we different?
Nextail was designed by fashion retail experts to support retailers in the transition to an agile retail paradigm. Our algorithms are built based on the latest fast-fashion operations research, which can be extended to other verticals with constant product introduction and short product lifecycles.
Traction
Backed by Nauta Capital, KEEN Venture Partners LLP, and Sonae Investment Management, Nextail is managing the stock of major retailers operating in more than 30 countries.
Specialties: Retail, Fashion, Technology, Inventory Management, supply chain, artificial intelligence, machine learning, retail technology, fashion technology, stock optimization, supply chain management, merchandising, advanced analytics, prescriptive analytics, big data, cloud computing, inventory, data processing, luxury, fast fashion, and brands
