New retail systems provide improved stock management across fashion jeweller’s 30+ retail stores with potential saving of over £1m in reduced stock holdings.
Leading fashion jeweller Argento has selected Eurostop’s retail systems to support its expansion plans across the UK. Argento hand sources jewellery and sells items from designers including; Pandora, Pilgrim, Hot Diamonds, Charmed, Jackie Brazil, Thomas Sabo and Karma Jewellery. It is installing Eurostop’s e-rmis in its head office in Belfast, Ireland, with e-pos used across its 30+ stores in the UK and Ireland.
Using the system’s central auto-replenish features and reporting will enable the company to better control stock levels, reducing the need to have large amounts of capital tied up in jewellery. The company also plans to integrate its newly launched e-commerce site with the e-rmis system.
Argento selected Eurostop’s solution over several competitive offerings for its focus on the head office processes. “Eurostop demonstrated to us how the head office system could help us to better manage stock levels, replenishments and transfers, as well as reports to help with the buying. The team exactly matched our thinking – these aspects are particularly important to us as we plan to open a further twelve stores in 2010. With improved management controls we estimate we will be able to reduce our stock holding across the stores to a value of nearly £1m,” said Mel Boyle, General Manager for Argento.
In addition to stock control management, Argento will use the integrated promotions, customer loyalty, gift vouchers and reporting functionality, with future plans to add Eurostop’s data mining tool e-cubes.
“As well as increasing our efficiency by replacing many manual tasks, Eurostop’s solution will also enable us to move to multi-channel sales when we integrate our website, managing online sales through one integrated system, as well as link to our Sage accounts system. The customer loyalty option will also be a key driver in supporting our business as we expand,” added Mel Boyle.
Phillip Moylan, Sales & Marketing Manager at Eurostop commented, “I am delighted that they have chosen the Eurostop solution to meet their ambitious growth plans. I was very impressed with the team at Argento as they are very entrepreneurial and highly skilled at sourcing high quality fashion jewellery.
“Eurostop are providing them with the management tools to manage their growth and stock levels efficiently. This will give them a quick ROI and ensures capital and cash flow is not tied up unnecessarily. ”