CHICAGO--(BUSINESS WIRE)--Galleria Retail Technology Solutions, the leading provider of customer-centric merchandising solutions, today announced a partnership with RGIS, the global leader in inventory and asset optimization services. The companies will align Galleria’s Intelligent Store Optimization (ISO) solution with RGIS’ Smartspace™ offering to enable retailers to seamlessly optimize macro and micro space in store to meet consumer demand and boost revenue.
“Integrating our solution with RGIS will provide increased visibility to the store layout to further help retailers optimize every square inch of selling space,” said Ian Duncan-Lewis, CEO, Galleria. “Using store space wisely can have a significant impact on a retailer’s sales and success. Closely aligning our applications will help retailers impeccably achieve operational efficiency.”
Galleria’s ISO solution forecasts the assortment and space that sub-categories, categories, aisles, zones and departments actually need. The forecasts can be used to automate space recommendations on a store or cluster basis in preference to adopting an average space model. This approach helps retailers answer critical business questions, including how many product lines to stock, how much space is needed and the return on investment they will achieve. Retailers are able to execute a customer-centric merchandising strategy across hundreds of categories and stores in full recognition of the constraints applied by the supply chain, inventory requirements and in-store space. Smartspace, a suite of macro and micro space planning solutions from RGIS, audits a retailer’s merchandisable and non-merchandisable space to provide the critical information necessary to optimize the productivity of available space. Together, the solutions enable retailers to optimize and visualize the store floor on a macro and micro space level.
“Our solutions complement each other significantly and will enable retailers to improve the profitability of their stores,” said John Moffitt, Senior Vice President of Space Optimization, RGIS. “Our combined capabilities will provide retailers with a complete solution to manage store space and ensure that the right products are available to buy at the right time.”
About Galleria Retail Technology Solutions
Galleria is the leading provider of customer-centric merchandising solutions. Galleria’s solutions provide value by integrating with clients’ existing systems and resources to deliver the right product to the right stores in the right capacity. The net result is that retailers and CPG manufacturers realize significant benefits including increased sales, enhanced margins, reduced waste/mark-down and accelerated inventory turns. Galleria currently works with customers including Wal-Mart, Tesco, Safeway, Morrisons, Giant Eagle and several of the world’s leading retailers. It is currently engaged in multiple implementations of its merchandise planning solutions in large-scale live retail environments. For more information about Galleria, visit www.galleria-rts.com or dial 1-866-899-0852.
About RGIS
RGIS is the market leader in inventory, insight, merchandising and asset optimization solutions. With the leading global network across more than 40 countries, RGIS provides a full range of solutions, from inventory and data collection to compliance audits, space planning and supply chain. RGIS Smartspace™ solutions enable retailers to improve the profitability of their stores, boost revenues and margins and more effectively meet consumer demand. Smartspace™ initiatives provide support to leading global retail brands across multiple continents. To find out more about RGIS, please visit www.rgis.com or call 1-800-551-9130.