Detego presented itself as an attractive employer for young talents of technical and scientific studies at this year’s Teconomy taking place at the Technical University in Graz. With more than 90 participating companies, the Teconomy is Austria’s largest career fair, organised by students and attracts 4.000 visitors every year.
Students and visitors of the exhibition had the chance to speak to representatives of Detego and to learn more about career opportunities the company offers. Since 2011, Detego develops and distributes the Detego Suite, a modular SaaS (Software-as-a-Service) software to provide real-time analysis and article transparency for fashion retailers in stores and along the entire supply chain. Detego’s qualified team of software engineers, RFID experts and fashion industry consultants continuously develops and improves the product that has proven to be an ideal fit for many well-known fashion brands.
Detego is continuing its growth strategy and is constantly looking for people with solid skills in software development, product management, project management and consulting.
Detego was invited to present itself as a Red Herring Top 100 company to an audience of investors, analysts and C-levels of different businesses at this years Red Herring Europe Event, which took place in Amsterdam from April 11th-13th, 2016.
Since 1996, the most promising high-tech start-ups in Europe, Asia and the United States are honoured with the prestigious “Red Herring Top 100”-Award. This year, Detego has been selected as a „Red Herring Top 100 Europe” company, thanks to its high innovative strength and great growth potential. In a multistage process, hundreds of companies were analysed and evaluated by a jury of experts. The evaluation criteria were focused on technology, innovative strength, market potential and business strategy, as well as management and economic performance of the different companies. Only those businesses with a promising future perspective, make it to the Top 100. Former winners of the Red Herring Award include companies like Facebook, Twitter, Tesla, Yahoo, Skype or Spotify.
Detego, the leader in business intelligence for fashion retailers, was selected for the prestigious “Red Herring Top 100 Europe” Award. The international Red Herring Business Magazine assigns its award since 1996 and thereby rewards the most promising high-tech start-ups in Europe, Asia and the USA. More than 20 quantitative and qualitative criteria are incorporated into the analysis and assessment by the jury. Detego was selected and added to the “Red Herring Top 100” list due to its high innovative capacity, its groundbreaking innovations for the fashion retail sector and its enormous growth potential. The award ceremony will take place in Amsterdam on April 12th.
Detego was chosen for the category “Retail Technology” and is being seen as one of the most innovative and promising high-tech businesses in Europe. The company develops and distributes a suite of software products for real-time analysis and article transparency and allows fashion retailers to meet the challenges of digitalisation and ever-changing customer requirements.
In a multi-stage selection process, the companies were rated on criteria such as the financial result, technology & innovation, management, business strategy as well as the market potential. Red Herring’s list has become a mark of distinction for start-up companies and Detego joins prominent previous Top 100 Global alumni including Facebook, Twitter, Google, Yahoo, Skype, Spotify, Tesla and Salesforce.com. As a consequence, the Red Herring Award is also an important indicator of the potential of start-ups for investors.
Uwe Hennig, CEO at Detego: “We are pleased to receive this award, especially as it confirms our position as an innovative leader in fashion retail technology. This benefits our customers; with our products and innovative strength, we ensure that international fashion retailers are prepared for current as well as future challenges.”
On March 23rd, 2016, Silicon Valley Bank, a leading bank dedicated to the innovation and technology sector, invited to its annual Forum taking place in London. More than 130 participants from the retail industry and high-tech investor community joined the invitation-only “Smart Retail Showcase 2016” event to discuss about digitalization and the necessary technological changes. Paul Coby, CIO of John Lewis clearly stated that delivering on the omni-channel promise for consumers necessitates retailers to renew their IT-systems. There was general consensus that without well-functioning software systems, retailers are not in the position to offer the customer experience that today’s consumers expect.
Detego was invited to talk about real-time in-store analytics as this is seen as one of the important technologies in retail to future-proof the business.
Detego, the leader in business intelligence for fashion retailers, showed the great and the good of the UK’s retail industry a vision of the future in association with Marks and Spencer, Intel, Impinj and noted futurologist Patrick Dixon.
On Tuesday 8th this week Detego and partners presented a vision of a consumer-centric, emotionally engaged retail future to an audience of retail insiders at the Advantage Austria in London. Attendees learnt how a foundation for meeting the expectations of shoppers, especially millennials, is borne by emotional connection and satisfaction delivered by integrated retail services.
Detego, the fashion business intelligence provider, assembled leading speakers to demonstrate how traditional ‘bricks and mortar’ retailers can gain back sales from online competitors and build efficient omni-channel retailing without upsetting their existing infrastructure. The key is to integrate and add intelligence to pivot existing services by better stock control and awareness – and therefore the use of staff.
Patrick Dixon, Futurist, kicked off the event with a talk entitled ‘How to create customer magic’. Patrick promoted emotional engagement through satisfaction as the key driver, making a case against the customer frustrations that retailers must overcome.
He was followed by Richard Jenkins, Head of RFID Strategic Development at Marks and Spencer, presenting ‘The Future Today – RFID @ Marks & Spencer’. Richard’s case study shared insights based on learnings over 11 years using tagging technology to boost intelligence in hundreds of stores. Richard explained the project’s primary use cases: Improving inventory accuracy; reducing out of stock lines; increasing on floor availability; loss prevention. Additionally, benefits were delivered for Marks and Spencer in: Cycle counting strategies; conversion; enhanced customer experience, e.g. within fitting rooms; and the chain’s omni-channel strategy.
Goetz Pfeifferling, Sr. Director of Business Development, Global Retail at Impinj, shared insights from a case study of the joint Detego-Impinj project with the brand G-Star in a New York franchise store, ‘Full automated in-store inventory visibility’ explaining how to maximise time spent on the shop floor with customers with greater stock intelligence. Impinj’s hands-free ceiling reader system combined with Detego’s software products for real-time analytics and item level visibility deliver the G-Star franchisee complete transparency of their in-store business in real-time, enabling exceptional customer experience and product availability.
Wrapping up the event with ‘Intel in retail – enabling the ‘big pivot’’ was Matthew Ward, EMEA Retail Enabling Manager at Intel Corporation. Matthew’s core theme was that ‘the insights ‘kings’ will win’. Well-known disruptors ranging from the growth of e-commerce, cross channel behaviour, and mobile and 10-screen life, have all fundamentally changed retail delivery. No facet of omni-channel service has remained the same, and the traditional ‘4 Ps’ have become commoditised. Leaders have used data-led insights to strategically redefine the store and massively shift brand trust as all retailers discover that the old rules no longer apply.
Finally, Uwe Hennig, CEO, Detego, sharing his ‘Actionable Insights – In-store analytics makes the store shopper visible’ tying the speakers’ themes together. Attendees were able to change the way they view the entire retail supply chain, from distribution centres via the shop floor into the hands of shoppers and learnt invaluable techniques to future-proof their businesses.
Uwe Hennig, CEO at Detego, explained, “Consumer expectations and desires have sky-rocketed and few retailers have been able to adapt to really wow consumers and keep up with tech-driven service expectations. We aim to show how fashion retailers can lead the whole retail sector in operational excellence and customer enchantment.”
On March 8th, 2016 Detego hosted the event “Exposing the Future of Retail” in the premises of the Advantage Austria in London. In association with Marks & Spencer, Intel, Impinj and noted futurologist Patrick Dixon a vision of the future was demonstrated to a selected group of UK’s retail industry.
Detego and partners presented how traditional ‘bricks and mortar’ retailers can gain back sales from online competitors and build efficient omni-channel retailing without upsetting their existing infrastructure. The key is to integrate and add intelligence to pivot existing services by better stock control and awareness – and therefore the use of staff.
Attendees were able to change the way they view the entire retail supply chain, from distribution centres via the shop floor into the hands of shoppers and learnt invaluable techniques to future-proof their businesses.
From February 23rd–25th, 2016 Detego was attending this year’s EuroCIS – Europe’s leading Trade Fair for Retail Technology. 400 exhibitors from 29 countries were demonstrating their retail solutions and let visitors benefit from a professional exchange on top-level.
Detego addressed the future of fashion retail and revealed how the right basis for the successful implementation of digital strategies using real-time analysis and article transparency helps to overcome competition in the long run. Innovative fashion retailers already use the potential of real-time article transparency and thus lay the foundation for their strategic challenges especially regarding digitalisation and omni-channel.
Further practical implementation ideas for the digital future in fashion retail were provided by Uwe Hennig, CEO at Detego with his presentation „Everyone claims Omni-channel but no one is really doing it – How marketing budgets ruin the supply chain“ at the Omni-channel Forum.
Detego and the Styrian Business Promotion Agency, SFG, have jointly invited to an Open Day at the Detego premises in Graz on January 20th, 2016. More than 70 people from local politics, industry as well as universities followed the invitation to join the event, which was opened by Dr. Christian Buchmann, a member of the Styrian government.
The guests of the event enjoyed presentations by NXP Semiconductors and Detego and gained insights into how Styrian RFID and Detego’s software provide a strategic advantage for international fashion retailers. Detego assists international fashion brands and department stores to master their challenges and the structural changes of the fashion industry through Detego’s tailored products, comprehensive retail expertise and high innovational strength.
The event provided a great networking opportunity.
On Sunday, January 17th, 2016, the doors of the G-Star RAW store on Broadway in New York City were opened for invited guests for a private tour. International guests made use of the great opportunity to gain insights into one of the newest and most advanced retail experiences.
The G-Star RAW store of franchisee Denimwall is the first store with a truly live, fully integrated business intelligence end-to-end solution with hands-free infrastructure in fashion retail. Based on Detego’s software for real-time analytics and article visibility using the Impinj platform including fixed gateway infrastructure, visitors witnessed real-time stock transparency without human intervention.
The private tour allowed guests to fully engage with the technologies and experience firsthand the level of customer service that has made this store so successful.
Detego, the leader in business intelligence for fashion retailers and its partner RIoT Insight, an independent solution provider of innovative, practical, complete and integrated best in class RFID and IoT solutions announced today that they have realized the first fully integrated end-to-end solution with fixed RFID reader infrastructure in fashion retail at a New York City G-STAR RAW store owned by Denimwall Inc.
Impinj’s hands-free ceiling reader system combined with Detego’s software products for real-time analytics and item level visibility and RIoT’s BYOD mobile apps are seamlessly integrated with Denimwall’s existing retail system to deliver Denimwall complete transparency of their in-store business in real-time enabling exceptional customer experience by product availability.
G-Star RAW is a designer clothing company with 400 stores globally. North American G-Star franchisee Denimwall Inc., owner of the Union Square store and six other locations, was looking for a true hassle-free end-to-end solution for article visibility to establish a high level of stock accuracy in the store in order to offer best in class product availability and the best possible shopping experience for their customers and to prepare for omni-channel retail.
The integrated RAIN RFID solution uses the Impinj platform including ItemSense software and xArray gateways for “hands-free” infrastructure, and delivers item-level visibility and in-store analytics with Detego InStore and RIoT mobile apps. It allows Denimwall Inc. to automatically collect data about their merchandise, providing accurate inventory information and real-time transparency – all hands-free, without human intervention. Based on perpetual inventory feeds, out-of-stock situations are automatically detected and mitigated by means of an optimized replenishment process leading to a consistently high on-floor availability. The real-time, item-level transparency also enables Denimwall Inc. to better fulfill orders for click & collect. Manual administrative processes are reduced to a minimum, giving the sales personnel the time to engage with the customer in order to provide an improved customer experience.
Based on RIoTs deep fashion retail and retail systems experience coupled with Detego´s proven software suite for business intelligence which is on the edge of technological advances also in terms of hands-free infrastructure, the solution was deployed in a very short time frame. The fast implementation and deployment was underpinned by a lean and agile approach to immediately realize the aimed business benefits for Denimwall Inc.
“Our primary objective was to significantly increase inventory accuracy to enable an exceptional in-store omni-channel customer experience”, stated Craig Leonard, Denimwall CEO. “Our goal was to automatically achieve 98%+ item level accuracy and we are achieving that and more. The increased accuracy has also other major benefits including significantly improving our on-shelf product availability by empowering our brand ambassadors with a BYOD smartphone app advising them in real-time of items needing replenishment; alerting them to potential theft, enabling
them to scan an item and pull up live in-store availability and more. Another impressive benefit has been significantly faster POS checkout”, said Leonard.
Shayni Rae, Denimwall, Director Store Operations added, “With the Detego, Impinj, RIoT system, we have the ability to remotely monitor sales floor replenishment time and loss prevention performance across our network of stores.”
“The benefits of the store pilot have exceeded our expectations and we are now looking to expand it to our other locations”, concluded Craig Leonard.
RIoT, Detego and Impinj will be hosting store tours of the live system for interested retailers during this year’s NRF Big Show Jan 17-19 in NYC, NY. If you would like to join the G-Star store tour please contact Detego: events@detego.com