DSW Taps Skypad to Streamline Inventory and Sales
DSW Inc., the branded footwear and accessories retailer, has teamed up with Skypad, a global leader in retail analytics, to enhance the retailer’s customer experience and business insights. “This collaboration aims to optimize DSW’s sales and inventory reporting by implementing Skypad’s advanced technology, which will substantially improve decision-making and efficiency with real-time data across its vendor network,” the companies said in a statement.
Terms of the partnership were not disclosed.
The tech company said the key benefits of this partnership include enhanced real-time analytics and improved data consistency and accuracy. DSW said it will leverage Skypad’s technology to increase visibility into its weekly vendor sales and inventory. “The accurate, real-time data provided will empower DSW and its vendors to strategically manage stock levels, analyze demand trends, and optimize merchandise strategies,” the companies said, adding that Skypad’s platform “addresses the issue of inconsistent data flows from suppliers, ensuring accuracy by sourcing information directly from DSW. This data reliability improves forecasting and supplier collaboration.”
There are other benefits as well — including optimized assortment and revenue growth. Skypad said with its detailed reporting tools, “DSW can tailor product assortments to precisely meet consumer demands, minimizing inventory risk, boosting margin growth, and elevating customer satisfaction.”
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Michelle Mackin, senior vice president, general merchandise manager and head merchant at DSW, said, “With Skypad’s real-time insights and advanced sales and inventory reporting, we now have the ability to optimize inventory management, enhance product assortment, and collaborate more closely with our suppliers.”
Mackin said the partnership “will not only streamline our operations but also allow us to make data-driven decisions that align with consumer demand and market trends. We’re excited to leverage Skypad’s innovative technology to drive efficiencies, increase profitability, and ultimately create an even better shopping experience for our customers. This is an exciting step forward in our journey to remain a leader in the footwear retail space.”
The companies said leveraging Skypad’s analytical capacities will also enable DSW “to anticipate market trends, refine demand forecasting, and remain competitive in a fast-evolving retail landscape.”
Gil Hakami, Chief Revenue Officer at Skypad, added, “We are excited to partner with DSW, an industry leader in footwear retail, to deliver the benefits of SKYPAD’s cutting-edge sales and inventory reporting and analytics. This partnership is a pivotal step in our mission to empower retailers with tools that drive efficiency, strengthen supplier relationships, and fuel growth. Collaborating with a retailer as dynamic and influential as DSW underscores our shared commitment to innovation and excellence. We look forward to seeing the transformative impact this partnership will bring to DSW’s operations, its suppliers, and, most importantly, its customers.”
The addition of DSW follows a deeper push into the footwear space. Retailers are increasingly seeking out automated reporting tools as well as access to data that can help inform business strategies and improve operations. Retail partners using Skypad include Saks Fifth Avenue, Nordstrom, Neiman Marcus and Bergdorf Goodman. Currently, 150 footwear retailers including Manolo Blahnik, Sophia Webster and Christian Louboutin use the platform.
