Bare Escentuals has recently completed an exhaustive evaluation and selection process for a new Merchandising suite to replace their existing host systems and has selected MI9’s Intelligent Retail Systems from a starting field that included all the leading retail software providers in North America. They join leading retailers Barney’s New York, Holt Renfrew and Danier Leather in selecting the Intelligent Retail Systems.Net based retail management package from MI9.
Bare Escentuals, one of the fastest growing personal care companies in the U.S., is a developer and multi-channel marketer of cosmetics, skin care and body care products. The company's ID bareMinerals product line is the nation's leading mineral make-up. Bare Escentuals branded personal care products are sold nationwide through select beauty retailers, direct-response television, the Internet, mail order and company-owned boutiques. Bare Escentuals was merged with MD Formulations in November 2001.
MI9’s Business Intelligence and Merchant:
MI9 Business Intelligence is an advanced data warehouse and business intelligence system, developed by MI9 in partnership with our broad base of international retail customers. ‘Out of the box’, it provides a library of 500 Standard Retail Reports and more than 5,000 highly-focused business performance metrics, tailored to the meet the specialized needs of the retailer. MI9 Business Intelligence will be used by Bare Escentuals to analyze and monitor the performance of critical areas of their retail business including:
• Store performance versus plans, comp store and peer group analysis
• Market basket analysis, product affinity reporting
• Inventory service levels, under/ overstock analysis, inventory balancing reports
• Merchandise performance against imported financial plans, buyer performance
• Retail prices, Discounts, Overrides and Markdown analysis
• Sales Audit & Loss Prevention reporting
• Vendor performance reporting
• Associate performance monitoring
• Stock ledger data mining
• Full POS data analysis to transaction line level
• ARTS conformant IX Retail Electronic Journal
MI9 Merchant provides retailers with the ability to manage centralized inventory control of their stores and distribution centers, as well as retail merchandising functions such as retail price management and product procurement. The system also provides fully automated replenishment of stores and warehouses together with allocation and distribution control functions designed to optimize retail performance and reduce the burden of inventory control management.
MI9 Merchant utilizes the power of the MI9 Business Intelligence at its core to provide retailers with pre-defined metrics, queries and reports, including an Executive Information System for ‘point and click’ information retrieval:
• Executive Information System
• Merchandise Database Management
• Product and Retail Price Management
• Vendor and Purchase Management
• Store Inventory Management
• Warehouse Inventory Management
• Store Allocations and Replenishment
• Warehouse Replenishment
• POS and Financial Interfaces
• Vendor Collaboration
• Mobile Information System
If you would like further information about MI9 and our products for the retail industry, please contact me directly. Mike Burge (President MI9 Business Intelligence Systems Inc) Tel: 416.491.1483 / mburge@mi9retail.com |
