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Lotis Blue Consulting Releases Future of Retail Workforce Study: New Research Predicts Associate Stay/Leave Decisions with 87 Percent Accuracy

Lotis Blue Consulting

Lotis Blue Consulting, a corporate advisory and business transformation firm, releases the third edition of its comprehensive research study, Lotis Blue Future of Retail Workforce Study, analyzing the current state of the retail workforce. The study investigates ways the current macroeconomic environment has influenced retention trends for the retail workforce; factors that are becoming more important to employee retention and loyalty; how motivations for leaving or staying in a job are changing over time; and, new to this edition, how factors driving quit and stay decisions differ by workforce characteristics and retail segment. Research for the Lotis Blue Future of Retail Workforce Study was conducted during the lead-up to the 2023 holiday season and is based on comprehensive, objective feedback from 1,000 retail associates. The report uses the lens of the Employee Value Proposition (EVP)—including 7 dimensions and 30 underlying factors—to evaluate retail employees’ decisions to stay, consider leaving or leave an employer. “Labor dynamics in retail have changed dramatically in the last 12 months with a tightening of the job market and stabilizing sales, coinciding with major attitude shifts toward work and employers,” noted Lotis Blue Consulting partner and study author Aaron Sorensen, adding, “Even with changing labor conditions and issues, the data is comprehensive enough to predict an employee’s decision to stay or leave an employer with 87 percent accuracy. And in order to hold onto valued employees, we’ve observed that retailers must simultaneously provide an environment where there are more factors that make workers want to stay, and fewer that make them want to quit.” The study found that recent changes in labor market dynamics resulted in a decrease in turnover but a 7% increase in retail associates who are considering leaving their jobs, suggesting an underlying dissatisfaction with their current work situation. “Changes to the reasons that associates are staying or leaving an employer suggest that factors such as schedule flexibility serve a triggering role to job dissatisfaction,” noted study co-author and Lotis Blue Consulting partner Erica Grant. “While some decision drivers such as enjoyable work consistently influence staying decisions across workforce segments, other factors vary significantly in their importance by retail segment. There is no one-size-fits-all approach for retailers." The study findings in this most recent edition include: Talent strategies for the retail workforce have a short shelf-life, due to changes in labor and market conditions Stay and leave decisions have changed significantly in the last 12 months, differing across retailer types and workforce characteristics Job factors create magnetism that uniquely attracts or repels retail associates More associates are staying, but there are also more with one foot out the door Some factors matter more than others: 60% of all stay-or-leave decisions currently relate to Job & Work Environment, Company, and Leadership Culture Pay and Health & Safety have made significant jumps as turnover/retention drivers this year, and Scheduling triggers a cascade of turnover intentions For more information or to see the newest edition of the Lotis Blue Future of Retail Workforce Study, please visit: https://www.lotisblueconsulting.com/insights/2024-the-future-of-retail-workforce-study/ Study Methodology The ongoing Lotis Blue Future of Retail Workforce Study, now in its third iteration, has cumulatively surveyed over 3,000 employees across 700 retailers in the apparel, big box, apparel & luxury, grocery & convenience, home goods & electronics, specialty, fast casual and other sectors, deriving comprehensive, objective feedback. Research for the first study was conducted in summer 2022, for the second, in the lead-up to the of 2022 Holiday season, and for this current edition, in the lead-up to the 2023 Holiday season. At the intersection of growth and transformation, you’ll find Lotis Blue Consulting. We help businesses improve the performance of their workforce, leadership teams, and organizations through evidence-based strategies grounded in leading-edge analytics and behavioral science. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.lotisblueconsulting.com

January 17, 2024 10:30 AM Eastern Standard Time

Dermatologists-Founded Brand Skintensive Expands in 2024 with the Addition of Industry Veteran and Brand Acquisition

Skintensive

Skintensive, an award-winning and science-backed skincare brand founded by two Harvard-trained dermatologists, is thrilled to announce its plans for expansion in 2024. Known for its clinically-tested and top-selling Bruise Cream and a skincare range designed to support maturing and sensitive skin, Skintensive welcomes industry veteran, Dr. John Bartolone Ph.D., and acquires ScarSmart, a scar improvement and prevention brand. Bartolone joins Skintensive co-founders Anar Mikailov, M.D., FAAD, and Vladimir Ratushny, M.D., Ph.D., FAAD, as Chief Science Officer. With over 30 years of experience leading research and development labs in two of the world’s biggest personal care brands, Procter & Gamble and Unilever, Dr. Bartolone has launched numerous “first-of-its-kind” technologies and products in skincare and haircare. Pioneering core global science platforms, including anti-aging and skin lightening, Dr. Bartolone most recently launched Unilever’s first plant-based preservative system. Prior to pivoting to cosmetics, Dr. Bartolone was an Assistant Professor at the University of Connecticut, where he was awarded the “Best Paper of the Year” from the Society of Toxicology for ground-breaking research on Acetaminophen Hepatotoxicity. “I was impressed when I first met Dr. Mikailov and Dr. Ratushny in how they found an underserved, white space in the otherwise saturated skincare industry,” said Dr. Bartolone. “They’re seeing patients daily in clinics and using that direct patient feedback along with their expertise to create truly functional products. I’m honored to bring my experience and expertise to Skintensive as the brand continues expanding.” “Dr. Mikailov and I are humbled and excited for John Bartolone to join us at Skintensive,” said Dr. Ratushny. “Not only does he provide an encyclopedic insight into the skincare industry, his experience in product development, brand positioning, and creating breakthrough innovations is truly invaluable.” In addition to the appointment of John Bartolone, Skintensive is excited to announce the acquisition of Scar Smart, the makers of Scar Smart Silicone Scar Gel and Scar Smart Silicone Scar Sheets. Scar Smart is a proven silicone-based scar revision product line that will expand Skintensive’s product offering of functional skincare solutions. "We initially developed the Skintensive Bruise Cream to address acute and chronic bruising and solar purpura that is exceedingly common in our patients,” said Dr. Mikailov. “Those same patients also need options for the prevention and improvement of scars on their fragile skin. Now, the patients who trust our Skintensive brand will have access to an incredible product that dermatologists have recommended for many years." The Skintensive brand is carried by numerous board-certified dermatologist offices in the United States and will be exhibited at the 2024 American Academy of Dermatology conference in San Diego from March 7th through the 11th. Skintensive’s expansion in 2024 reflects the brand’s strong sales growth and its commitment to delivering cutting-edge, high-quality, expert-driven skincare solutions. With the addition of Dr. Bartolone and the acquisition of Scar Smart, Skintensive is well-positioned to continue its growth trajectory and strengthen its position through 2024 and beyond. For more information, visit Skintensive.com and @ skintensive on social media. ### About Skintensive Founded by two Harvard-trained dermatologists, Skintensive develops science-backed and clinically-tested skincare designed to support aging skin. Best known for the Skintensive Bruise Cream, the company ensures that each formula is grounded in research and crafted to perfection through rigorous testing. About Anar Mikailov, MD. FAAD Dr. Mikailov is a Harvard-trained dermatologist with an expertise in high-risk skin cancer and medical dermatology. He is the author of the world-famous Fitzpatrick’s Color Atlas and Synopsis of Clinical Dermatology 9th edition, the best-selling dermatology textbook. He is dual-boarded in both Internal Medicine and Dermatology. Recognized as a leader in consultative hospital dermatology, Dr. Mikailov has published extensively and presented internationally. He practices medical and consultative dermatology full-time in Rochester, NY. About Vladimir Ratushny, M.D. Ph.D. FAAD Dr. Ratushny is a Harvard-trained dermatologist and fellowship-trained Mohs surgeon. He is well-known for his expertise in Mohs surgery, high-risk skin cancer management, general dermatology, and hair transplantation. During the course of his Ph.D. at Fox Chase Cancer Center, Dr. Ratushny discovered two new drug combination therapies for cancer, one of which went on to be tested in a clinical trial for lung cancer patients. Dr. Ratushny’s original research, case reports, and review articles have been published in numerous peer-reviewed journals in areas ranging from skin cancer, drug resistance mechanisms, Lyme disease, allergic contact dermatitis, and medical humanities. Contact Details Glow Yang PR Gloria Yang +1 310-381-9964 Company Website https://www.skintensive.com

January 17, 2024 08:08 AM Eastern Standard Time

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ToolsGroup Named Leader in Five G2 Categories for Winter 2024

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to be recognized as a Leader in five separate G2 Winter 2024 reports. Across all report categories, less than 4% of products and services earn Leader recognition. According to G2, “Despite our expansive report distribution, only the crème de la crème earn the honor of a Leader or High Performer badge within these reports.” To qualify for inclusion in the Supply Chain Planning category, a product must provide planning tools for demand, inventory, replenishment, and ordering, facilitate delivery schedules and load planning, and customize plans based on individual business priorities. Solutions in the Demand Planning category must produce reliable forecasts by extracting key insights from metrics like inventory trackers, converting raw data into actionable forecasts, supporting automation, and leveraging predictive analysis. Based on a wealth of direct customer reviews, ToolsGroup earned recognition as a Leader in the following reports: Grid® Report for Supply Chain Planning | Winter 2024 Europe Regional Grid® Report for Supply Chain Planning | Winter 2024 EMEA Regional Grid® Report for Supply Chain Planning | Winter 2024 Grid® Report for Demand Planning | Winter 2024 EMEA Regional Grid® Report for Demand Planning | Winter 2024 “We believe the greatest measure of success is a profitable customer who can achieve efficiency gains and deliver premier service despite market volatility,” said ToolsGroup CEO, Inna Kuznetsova. “That’s why we’re honored that so many companies have publicly shared their experience as ToolsGroup customers. The overwhelmingly positive feedback is indicative of the power of our AI-driven supply chain solutions, the expertise of our teams, and the value of our partnerships. We are grateful to collaborate with so many forward-thinking brands, providing the quantum analytics, innovation, and expertise to help them achieve their business goals.” Additional Resources: Meet with ToolsGroup at NRF in NYC January 15th & 16th at Booth #3948 See ToolsGroup’s G2 reviews HERE. Learn more about ToolsGroup’s industry recognition from customers and analysts HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 15, 2024 10:00 AM Eastern Standard Time

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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite. This solution combines the award-winning JustEnough Allocation and Replenishment products with rebalancing and markdown optimization powered by EvoAI’s quantum analytics and Inventory HUB’s zero latency inventory tracking. “Retailers today need an integrated solution that is agile enough to adapt to even the smallest changes in demand.” said Sahil Gupta, Chief Product Officer at ToolsGroup “With cutting-edge AI driven forecasting and inventory optimization accessing real-time views of inventory, demand and operations, retailers can ensure the right products are in the right place at the right time at the right price to maximize profit no matter what happens.” Working capital constraints are hitting retailers hard just as inventory-to-sales ratios are reaching their highest-ever levels. No retailer can afford to misallocate or cut margins on that inventory, yet they are navigating unprecedented market uncertainty entering 2024. In-Season Inventory Optimization allows retailers to respond quickly to reality, sensing and adjusting to changes in demand in real time to maximize profits regardless of emerging challenges. Core Benefits of In-Season Inventory Optimization: Minimal missed sales at the lowest possible cost through intelligent allocation that puts the right products on the right channels for higher inventory turns Real-time, store/item/size-level replenishment that adapts to even the smallest signals of changing demand from social trends to weather Fewer stockouts and minimal end-of-season waste thanks to full inventory visibility and optimization More sales with less inventory on hand as stock is dynamically moved across the network to where it will sell fastest Up to a 5.5pp increase in in-season margins through increased full-price sell-through and optimized markdowns “Retailers today must be able to thrive, not just survive, amidst certainty,” said Inna Kuznetsova, CEO of ToolsGroup. “That’s why we’ve launched In-Season Inventory Optimization with sophisticated quantum analytics that can sense even the smallest changes in customer demand in real time and instantly adjust strategy to maximize profits. This agility translates to optimal financial outcomes in even the most difficult markets.” ToolsGroup In-Season Inventory Optimization Solution is an integral part of the trusted JustEnough solution. JustEnough has long delivered unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Customers report a 5% improvement in revenue growth on top of double-digit reductions in missed sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by up to 30%. We’re excited to talk to you about our new In-Season Inventory Optimization solution. If you’re here in New York City this week at NRF, come talk to us about it at ToolsGroup’s Booth: 3948. Interested in how JustEnough can help you meet and exceed your in-season inventory and margin goals? Read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 15, 2024 08:30 AM Eastern Standard Time

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NRF 2024: Shekel Unveils Sentinel, a Next-Gen Loss Prevention Product for Scan & Go Retail

Shekel Scales

Shekel Scales (ASX: SBW), the world’s leading supplier of weight-based security modules for the various self-check-out tracks, unveiled Sentinel, an easily retrofitted in-store product that enables accurate Scan & Go and prevents loss for self-shopping applications. This innovative product marks a significant advancement in self-shopping checkout security, revolutionizing in-store technology implementation with cost-effective retrofitting capabilities. Sentinel transforms existing retail shelf-racks into intelligent bays, enabling traditional grocery stores to seamlessly transition to self-shopping environments at a fraction of the usual cost. This addresses critical retail challenges such as shrinkage and loss prevention, which have hindered the growth of Scan & Go and mobile-checkout options, despite their popularity and the clear benefits it offers to both retailers and consumers. Equipped with high-definition load sensors and an AI-driven security module, Sentinel discretely installs and operates at the base of existing store shelves, detecting and analyzing every interaction between shoppers and products. This system ensures that items taken from shelves correspond with those scanned by shoppers, effectively reducing incidences of mis-scanning and theft. The result is a significant decrease in shrinkage and labor costs, while offering customers a streamlined and error-free shopping experience. "Sentinel represents a paradigm shift in the retail market," said Nir Leshem, CEO of Shekel. "It overcomes the barriers limiting self-shopping to smaller markets, enabling expansion at a substantially lower cost. Our system integrates effortlessly into existing retail infrastructures, enhancing both operational effectiveness and customer experience.” In addition to Sentinel, Shekel will showcase its range of security scale-up modules at NRF 2024, booth #1560. These include solutions for self-checkout, smart cart, and smart cooler, all designed to enhance the shopping experience and operational effectiveness in retail settings: Self-Checkout Kit: Offers real-time product validation and a new AI security layer, minimizing false alarms and shrinkage. Smart Cart Scale-Up Kit: Implements weigh-in-motion technology for a more intuitive shopping process. Cooler Scale-Up Kit: Enhances fresh food offerings with remote monitoring and control, aimed at increasing sales and profitability. Shekel’s Cooler Scale-Up kits are available for retail fridges as well as for vending-like unattended micro-markets. Each module from Shekel is non-intrusive, crafted to upgrade existing store equipment, and focused on optimizing both the checkout process for customers and security for retailers. About Shekel Scales Shekel Scales is an innovative leader at the cutting edge of the global digital weighing industry for the past five decades. The company’s advanced weighing technologies are installed in nearly one million retail points of sale around the globe. Shekel developed the patented “Product Aware Technology,” which delivers a unique combination of sophisticated software, artificial intelligence (AI), the Internet of Things (IoT), and advanced algorithms. This technology is embedded in a range of products used in the retail, medical and industrial markets. Based in Israel, Shekel has worldwide offices and manufacturing facilities. To learn more, please visit https://shekelonline.com/ and follow the company on LinkedIn. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://shekelonline.com/

January 14, 2024 08:18 AM Eastern Standard Time

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Kappahl Selects ToolsGroup to Support Its Thriving and Growing Fashion Brand

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Kappahl, a leading fashion chain in the Nordics, to drive better planning decisions, supporting and accelerating its business growth. Kappahl is a leading retail chain across Northern Europe. With approximately 340 brick-and-mortar stores and a bustling ecommerce site, the retailer offers responsibly-produced, everyday fashion to customers in Sweden, Norway, Finland, Poland, and the UK. The company is committed to offering sustainable fashion choices to its expanding customer base through more efficient business practices strengthened by the most powerful retail planning technology. “At Kappahl, we aim to provide ethically produced, fashionable clothes to customers throughout our region and beyond,” said Caroline Ahlberg, Vice President Kappahl Assortment and Marketing. “We knew we needed to adopt more effective and scalable business practices and planning solutions to maintain our momentum in the accelerating retail environment. In ToolsGroup, we found a long-term partner who could provide the expertise and solutions to support our constantly evolving supply chain network and drive the digital transformation necessary for customer satisfaction and future business growth.” Kappahl selected ToolsGroup’s JustEnough Dynamic Retail Planning & Execution suite. This solution integrates Merchandise Financial Planning (MFP) and Assortment Planning (AP) with Kappahl’s existing technology stack. MFP enables the retailer to create dynamic plans across buying seasons throughout its omnichannel ecosystem and align departments on financial objectives. AP determines the optimal product mix for each channel, location, and season to delight customers and maximize sales. This combination of financial guidance and localized assortments helps Kappahl enhance its business performance and achieve its aggressive growth objectives. “By leveraging AI powered inventory planning solutions from JustEnough, Kappahl will be able to perfectly balance the top-line merchandising requirements for growth with the bottom-line demand for profitability,” said ToolsGroup CEO, Inna Kuznetsova. “ToolsGroup is excited to help Kappahl achieve its vision of being a leader in affordable and responsible fashion. Improving full price sell-through without stockouts will help Kappahl continue its impressive growth trajectory while satisfying customers and boosting financial performance.” Meet ToolsGroup at NRF Booth #3948 and learn why customers around the globe are employing JustEnough to Support their growth and strategic initiatives. Book a meeting to learn more about the latest advancements in retail planning HERE. Customers and analysts alike recognize ToolsGroup as a retail planning leader. See the growing list of analyst accolades and customer recognition awards HERE. About Kappahl Group Founded in 1953 in Gothenburg, Sweden, the Kappahl Group is a leading fashion chain in the Nordics, with around 360 Kappahl and Newbie stores in Sweden, Norway, Finland, Poland and the UK, and online in more than 20 markets throughout Europe and Asia. We want to make a difference in the fashion world and to lead the way by always keeping our promises: taking care of the world around us, minimizing the environmental impact for each garment. And at the same time fulfil our employee promise "We promise you the right to always be yourself - a place to belong. The Kappahl team consists of some 4,000 colleagues in nine countries, all with different backgrounds, ages, skills and styles. Our common motivation is to create a responsible world of fashion and offer fashion fit for life to a wide variety of people and lifestyles. A responsible fashion that feels right, for the bearer and for the world we live in. Today, more than 80% of the products are made of certified and/or preferred materials. Kappahl’s goal is 100% by 2025 and Kappahl's overall climate goal is to halve the value chain's climate emissions by 2030. More information at kappahl.com About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 11, 2024 09:00 AM Eastern Standard Time

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Defense Acquisition University (DAU) to Support NCMA Nexus 2024

National Contract Management Association

The National Contract Management Association (NCMA) is pleased to announce the collaboration with the Defense Acquisition University (DAU) for the inaugural Nexus 2024 conference, scheduled from March 3-6 in Jacksonville, FL. This strategic partnership is a significant milestone for NCMA as it reinforces the commitment to advancing the knowledge and skills of the defense acquisition workforce. Notably, participants in Nexus 2024 will benefit from transferable credits toward their certifications, making this collaboration with DAU particularly valuable for professionals seeking career development opportunities. Nexus 2024, offers a unique platform for cross-functional collaboration for both government and industry to address pressing issues in federal procurement, including supply chain risk, cybersecurity, and sustainability. The event encourages joint efforts in innovation, strategic discussions, case studies, hackathons, and real-world problem-solving, providing deployable solutions for attendees. The co-hosted event aligns seamlessly with the new Better Contracting Initiative (BCI), emphasizing that multi-functional groups come together to learn the acquisition lifecycle side by side, promoting a comprehensive understanding of each’s others perspective job functions along with federal procurement challenges. One of the emcees for Nexus 2024 is DAU’s Professor of Program Management, Julie Knechtel, expressed her excitement about the event, stating, "I am excited to be part of an event that brings together diverse perspectives and expertise in defense acquisition. It is a great opportunity to train as we work, leverage the expertise of multi-functional teams, and enhance the skills needed to tackle the evolving challenges in federal procurement collaboratively." NCMA's Chief Executive Officer, Kraig Conrad, commented on the natural fit between NCMA and DAU, saying, "The collaboration with DAU at Nexus 2024 exemplifies our shared commitment to advancing the knowledge and skills of the acquisition workforce. We are grateful for their support as together we drive better practices and better outcomes in acquisition and procurement.” Michelle Currier, NCMA's Chief Learning Officer, also shared her enthusiasm, stating, "The Nexus 2024 event underscores the importance of collaboration and continuous learning in federal procurement. DAU's support enhances the educational value of the event, aligning with the goals of not only NCMA, but the federal government overall." Nexus 2024 is open to all professionals involved in federal procurement, providing an ideal opportunity for integrated teams to learn and train together. For more information about Nexus 2024 and to register for the event, visit the NCMA website at http://www.ncmahq.org/nexus. The National Contract Management Association (NCMA) – www.ncmahq.org – stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. DAU is the acquisition learning, development and talent management organization for the Department of Defense with a mission to provide a global learning environment to develop qualified acquisition, requirements, and contingency professionals who deliver and sustain effective and affordable warfighting capabilities. Nearly 160,000 acquisition professionals across all military services and Department of Defense agencies have access to career-long learning and support from DAU faculty and staff. Contact Details Holly DeHesa +1 281-865-3296 dominick.belfiore@ncmahq.org Company Website https://www.ncmahq.org

January 11, 2024 05:05 AM Eastern Standard Time

CES 2024 Opening Day: Sneak Peek

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

January 10, 2024 07:00 AM Eastern Standard Time

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ToolsGroup Named a Leader in the SPARK Matrix for Retail Assortment and Management Applications by Quadrant Knowledge Solutions

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named a technology leader in the SPARK Matrix™ analysis of Retail Assortment and Management Applications by Quadrant Knowledge Solutions (QKS). The Quadrant Knowledge Solutions SPARK Matrix: Retail Assortment and Management Applications, Q4, 2023 includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading Retail Assortment and Management Application (RA&MA) vendors in the form of its SPARK Matrix. It gives users strategic information to evaluate vendor capabilities, competitive differentiation, and market position. This is the fourth consecutive SPARK Matrix in which ToolsGroup has been featured. The company was named a technology leader in Intelligent Retail Pricing & Promotion Optimization and Global Supply Chain Inventory Optimization. It also achieved the primary leadership position in the Retail Forecasting and Replenishment matrix. According to Sahil Gupta, Chief Product Officer at ToolsGroup, “ToolsGroup’s JustEnough solution has long been recognized as a leader in retail planning and execution. These powerful capabilities have now been enhanced with EvoAI, which enables quantum analytics and advanced optimization. Armed with artificial intelligence, goal-based optimization and low-latency data, retailers can sense, predict, and respond to minute but crucial market changes, allowing for optimal real-time decisions that boost revenue while satisfying customer expectations.” “We’re excited to be leading the charge in the application of AI in the retail planning space, and we’re proud to be recognized for these efforts,” said ToolsGroup CEO, Inna Kuznetsova. “Our greatest satisfaction, however, comes from working alongside our customers to achieve real-world benefits with these innovations. With responsive AI and real-time insights, we’re building the future of supply chain and retail planning – one typified by customer-centric processes that reduce waste for better business performance and greater sustainability.” Additional Resources: Meet us at NRF Booth #3948 and learn why JustEnough keeps getting named a leader! Book a meeting to learn more about the latest advancements in retail planning HERE. See the list of industry accolades awarded to ToolsGroup by customers and analysts HERE. Download the SPARK Matrix for Retail Forecasting and Replenishment report HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 09, 2024 10:00 AM Eastern Standard Time

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