A valuable playground with fierce competition
With an estimated global value of three trillion US-dollars, there is a lot of money to be made in the fashion industry. However, Business of Fashion reports that 67 percent of fashion business executives feel that conditions for the industry have worsened in 2016. The main reason is likely to be found in the industry’s low sales growth which has slowed down to just two to three percent and resulted in stagnating profits.
In this mass of different players, how can a fashion brand ensure growth and profitability for the upcoming years?
The Tom Tailor Group has been successfully keeping its leading position in the Casual Wear segment since its foundation in 1962. As one of the top 10 fashion brands in Germany, the brand targets 25 to 45 year-olds with a keen interest in affordable, quality and fashionable casual items.
Managing the transition from offline to multi-channel
The fashion industry is very trend-focused and requires rapid product innovation in order to cater to ever-changing styles and ways of self-expression. In recent years, the way through which consumers dive into the brand experience has changed a lot. User journeys are no longer merely brick-and-mortar but a mix of digital and offline with a variety of devices at play. Constant innovation is no longer restricted to an evolving product range, but also affects the entire interaction with the fashion brand. This is why Tom Tailor opted for a platform solution that will remain flexible for whatever interface will be the best channel to and for customers in future.
Launching Spryker – a game changer for Tom Tailor
Tom Tailor’s objective for their relaunch was clear: moving away from its outsourced shop system solution that made any changes complex and costly- and big developments practically impossible. Driven by high demands for flexibility, performance and quick market adaptations, the casualwear manufacturer was keen to give its commerce solution a complete make-over. Spryker Commerce OS (SCOS) now empowers the brand to provide a competitive, multi-store customer experience. While reaching consumers in their most convenient channels and collecting data from any interface, the casualwear brand has been able to increase productivity and ROI.