January 13, 2014
Predictix today announced that The Home Depot has implemented the Predictix assortment application suite, including modules for analytics, planning, and in-season management. The Home Depot is the world’s largest home improvement specialty retailer, with 2,262 retail stores in all 50 states.
According to the companies, the Predictix assortment solution lets retailers create robust assortments to meet customer demand and optimize sales and margins. It enables users to spend less time analyzing past history and more time doing forward-looking planning and analysis — including modeling options — and creating and managing assortments by store clusters and demographics. It is cloud-based and able to process extremely high volumes of data very quickly.
"The Predictix tool provides a seamless ability to evaluate assortment changes at both the national and local level," said Steve Huth, vice president of The Home Depot merchandising. "The flexibility of this solution enabled integration with internal systems. This provides our merchants tools to evaluate and execute decisions quickly, in turn enabling an increased service to our customers."
Read more about retail merchandising.