Digital transformation improves collaboration, increases transparency and saves time
CAMPBELL, Calif., September 6, 2022 – Centric Software® is delighted to announce the release of a success story about its customer, The KaDeWe Group.
The KaDeWe Group operates three iconic luxury department stores located in Berlin, Hamburg and Munich. Founded in 1907, KaDeWe’s Berlin store, the second largest in Europe, welcomed more than 50,000 visitors per day in its 60,000 square foot building prior to the pandemic.
All three stores offer carefully curated, high-end portfolios of fashion, beauty, luxury products and accessories for women, men and children. KaDeWe also offers guests a range of home decor brands and cuisine. The array of prestigious international and local brands has made KaDeWe an iconic and unique shopping experience. KaDeWe has ambitious plans to be the leader in the European premium department store segment.
KaDeWe’s main challenge was managing large assortments with multiple products and brands; the Berlin location lists close to 400,000 individual products. Merchandising and buying teams were losing valuable time using antiquated tools such as Excel and email. Furthermore, processes were time-consuming and inconsistent and data errors were all too common. KaDeWe needed to streamline processes.
After considering various digital transformation partners, KaDeWe selected Centric’s Retail Planning solution for its expertise in the multicategory retail sector, track record of customer success, and the easy to use, modern and intuitive interface.
“With the new Centric Retail Planning solution, buying and merchandising teams can work more collaboratively and are saving time because manual data entry has been eliminated,” says Julia Lehmann, Senior Head of Merchandise Management at The KaDeWe Group. “Being able to create ‘what-if’ scenarios empowers teams to make strategic decisions faster and achieve sales and margin targets.”
In addition to massive time-savings, The KaDeWe Group has radically improved transparency across all business units, has better supplier and risk evaluation methods, and more detailed and accurate stock projections.
Read the success story and discover how The KaDeWe Group harnessed the power of Centric Retail Planning to streamline strategic and financial planning processes to help position them as the leader in the European premium department store segment.
About The KaDeWe Group (www.kadewe.de)
The KaDeWe Group unites 3 large historic luxury department stores located in Berlin, Hamburg and Munich. KaDeWe in Berlin, founded in 1907, is the second biggest department store in Europe, with its 60,000 square meters and more than 50.000 visitors every day (pre-Covid). All three stores offer a curated and high-end portfolio of fashion, beauty, luxury products and accessories for women, men, and children but also home decoration and food. Many prestigious international and local brands are represented there that makes the place so iconic and unique for any shopping experience. The owners, Central Group and Signa, have the goal to become the leader in the premium department stores segment in Europe and two new more department stores for The KaDeWe Group will open in Dusseldorf (opening fall 2023) and Vienna (opening fall 2024).
About Centric Software (www.centricsoftware.com)
From its headquarters in Silicon Valley, Centric Software® provides a Product Concept to Consumer Digital Transformation Platform for fashion, retail, footwear, luxury, outdoor, consumer electronics and consumer goods including cosmetics and personal care and food and beverage. Centric’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 Visual Innovation Platform (CVIP) offers highly visual digital board experiences for collaboration and decision-making. Centric Retail Planning is an innovative, cloud-native solution powered by Armonica Retail S.R.L., that delivers an end-to-end retail planning process designed to maximize retail business performance. Centric Software pioneered mobility, introducing the first mobile apps for PLM, and is widely known for connectivity to dozens of other enterprise systems including ERP, DAM, PIM, e-com, planning and more as well as creative tools such as Adobe® Illustrator and a host of 3D CAD connectors. Centric’s innovations are 100% market-driven with the highest user adoption rate and fastest time to value in the industry. All Centric innovations shorten time to market, boost product innovation and reduce costs.
Centric Software is majority-owned by Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the world leader in 3D design software, 3D digital mock-up and PLM solutions.
Centric Software has received multiple industry awards and recognition, including being named by Red Herring to its Top 100 Global list in 2013, 2015 and 2016. Centric also received various excellence awards from Frost & Sullivan in 2012, 2016, 2018 and 2021.
Centric Software is a registered trademark of Centric Software Inc. All other brands and product names may be trademarks of their respective owners.