7thonline Recognizes Record Revenue Growth
Growth Driven by New Customer Acquisitions and Expansion of Existing Customer Partnerships
New York, NY – November 24, 2015 – 7thonline, Inc., a leading provider of cross-channel demand planning and execution solutions to the Apparel, Footwear and Accessories (AFA) industries, today announced it recognizes the highest annual revenue in the company's history for the third consecutive year.
Such growth is driven by new customer acquisitions in North America, Europe, Asia Pacific as well as expansion of existing partnerships with customers to support additional brand divisions, geographic locations, and functional areas. Retailers, wholesalers and global multichannel brands in the dynamic industries of AFA are increasing their investments in modern merchandise planning and execution to drive margin, lower markdowns, and better align their supply chain with omni-channel consumer demand anywhere, anytime. They partner with 7thonline to leverage the rich analytics and embedded industry best practices to realize true business transformation.
“We are very pleased to continue adding leading global retailers as new customers here in the U.S., in Europe and in China. We are also grateful for the trust of many of our existing customers to have 7thonline support their growth into new markets and geographies,” said Max Ma, CEO of 7thonline. “As a cloud-native company, one of the most important ways to generate sustainable customer value is constant innovation, and a large part of such innovation is based on the rich industry best practices we draw from working with some of the industry’s best and brightest—our customers. The launch of our retail allocation application is another example of such innovation, led by market gap analysis and close collaboration with leading fashion retailers. We dedicate our efforts to help trend-sensitive AFA retailers to take on the complexities of omni-channel retailing in entirely new and dynamic ways that depart from the highly manual, largely supply-driven approaches of the past.”
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, Brooks Brothers, Calvin Klein, Fast Retailing USA, G-III Apparel Group, GRI Retail Group (Hong Kong), 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.