7thonline Expands Team of Industry & Business Intelligence Experts
Company Adds Industry Veterans to Support Commercial Momentum and Product Expansion
New York, NY – September 30, 2014 – 7thonline, Inc., a leading provider of cross-channel demand planning solutions to the wholesale and retail industries, today announced it has added industry veterans Jill M. Powers and Zel Gerstein to support the company's unprecedented growth and business development activity. 7thonline also announced that Margaret Pierson, Ph.D., has joined the company as Director of Business Intelligence. Dr. Pierson will support the expansion and ongoing enhancement of 7thonline’s state-of-art analytical methodologies embedded in all of its planning solutions.
The combination of deep Apparel, Footwear, and Accessories industry expertise and rich, data-driven optimization solutions has made 7thonline the trusted partner of choice for global, cross-channel demand planning solutions. For the second consecutive year, 7thonline is poised to generate the highest annual revenue in the company’s history. The addition of Powers, Gerstein, and Dr. Pierson support this commercial momentum and continuous product innovation.
Jill M. Powers brings over 20 years of experience in Textiles, Apparel, Fashion, Footwear, and Accessories servicing the wholesale, retail, and manufacturing sectors. Most recently, Powers was with Gerber Technology supporting the apparel development and manufacturing processes. Her rich insights into the entire PLM process, including production planning, will support retailers' and brands' systematic approach to planning their merchandise assortment and allocation, optimizing inventory, and improving profitability. Powers holds a BS in Textile Management from Clemson University and a MBA from Duke University’s Fuqua School of Business.
Zel Gerstein comes to 7thonline with more than 25 years of Retail industry experience with companies such as NCR, Store Perform, and most recently Experian FootFall. Gerstein brings deep subject matter expertise in POS data analytics, CRM, and store traffic, among others—supporting retailers' ability to make data-driven, intelligent decisions for planning their merchandise. Gerstein graduated with a BS degree from the University of Maryland, Baltimore County.
“We are excited to have Jill and Zel join the 7thonline team,” said Marc Sprecher, Executive Vice President and Chief Commercial Officer at 7thonline. “The company is experiencing a surge of market activity as retailers and brands attempt to harness omni-channel consumerism. Our customers value the industry expertise 7thonline delivers to address their unique planning processes and needs. The addition of Jill and Zel provides additional expertise that retailers can leverage to optimize their cross-channel demand planning.”
Dr. Margaret Pierson has joined 7thonline as Director of Business Intelligence. In this role, Dr. Pierson will support the enhancement and expansion of state-of-art analytical methodologies contained in all 7thonline demand planning solutions. Dr. Pierson brings a unique combination of analytics and business knowledge of the Apparel and Footwear industry. Most recently, Dr. Pierson was Assistant Professor of Operations Management at Tuck School of Business at Dartmouth College. She did her Postdoctoral research fellowship at Harvard Business School after she received her Ph.D. from Columbia Business School.
“Dr. Pierson brings significant expertise in optimization, analytical methodologies, and demand forecasting to enhance further our embedded business intelligence solutions,” said Max Ma, CEO of 7thonline. “We continue to innovate in business intelligence capabilities that put the power of robust analytics into the hands of merchandise and assortment planners, driving measurable improvement in margin and profitability for our customers—without requiring large teams of IT resources.”
7thonline is a leading provider of cross-channel merchandise and assortment management solutions to the Apparel, Footwear, and Accessories industries. Deployed in the cloud or as enterprise software, 7thonline solutions enable more effective planning, demand forecasting, and inventory optimization for fast-growing, omni-channel, leading brands. With embedded business intelligence and rich analytics, the company's solutions offer complete demand visibility and planning capabilities for wholesale, retail, and e-commerce—enabling increased sales, reduced markdowns, improved margins, and enhanced profitability. Customers include Bestseller, Calvin Klein, Colony Brands, EILEEN FISHER, G-III Apparel Group, Michael Kors, Nautica, Oakley, Patagonia, PVH and VF, among others. 7thonline is headquartered in New York, NY and has global offices in mainland China. To learn more, visit www.7thonline.com, read our blog at www.retailplanningblog.com, and follow us on Twitter at http://twitter.com/7thonlineInc.