Centric Software Acquires AI-Powered, Competitive Benchmarking Solution, StyleSage
StyleSage adds price and product trend insight to the Centric Software Platform.
Centric Software®, the Product Lifecycle Management (PLM) and Planning market leader, is pleased to announce the acquisition of StyleSage™, a company offering AI-powered tools for competitive assortment benchmarking, and price and product trend insights.
Centric Software, provides market-driven innovative enterprise solutions to plan, design, develop, source and sell consumer goods such as apparel, footwear, sporting goods, furniture, home décor, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.
The retail landscape has never been more multifaceted than it is now – the current economic flux and supply chain crunch coming off the heels of the pandemic have led consumers to be prudent and discerning. Comparing prices is now standard as is paying more only for a compelling product.
Retailers and brands are faced with a new reality. Not only do they need to carefully weigh options prior to bringing products to market, but they also need to fully understand the competitive landscape after product launch. They must plan, develop, source, cost and price quickly and in accordance with the market. Until now, there has not been an end-to-end solution that both provided the intelligence needed to drive pricing and style-related decisions and also move those products to execution and launch while optimizing factors impacting consumer experience such as product availability, time to market and quality.
StyleSage provides product trend data and competitive pricing intelligence to enable fashion, beauty and home retailers and brands to understand the pricing and style trends shaping their market and to visualize the product and pricing mix of their competitors.
The combination of Centric PLM®, Centric Planning, Centric Visual Boards and StyleSage enables brands and retailers to position themselves optimally vis-à-vis both the market and consumers. Brands and retailers create the best products driven by market and consumer trend data, orchestrate a competitive retail strategy and efficient product placement, and finally, price products to attain the highest possible revenue.
StyleSage is an AI-powered analytics and automation company that enables e-commerce brands to improve profitability and increase their speed to market. Our central thesis is to automate decisions, analyses, and workflows and processes. Our key lines of product include competitive intelligence analytics platform and image-based, “Amazon-like” product matching. StyleSage has global clients that collectively represent over $100 billion of business in the apparel and footwear market, including great brands like Zalando, Lululemon, and Neiman Marcus. Learn more at https://stylesage.co
From its headquarters in Silicon Valley, Centric Software provides a product concept to launch platform for consumer goods such as fashion, retail, footwear, luxury, outdoor, consumer electronics, cosmetics & personal care and food & beverage. Centric Software’s flagship Product Lifecycle Management (PLM) platform, Centric PLM, delivers enterprise-class merchandise planning, product development, sourcing, quality and product portfolio optimization innovations specifically for fast-moving consumer industries.
Centric Software is a subsidiary of Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.