H&M Foundation announces winners of its annual innovation challenge Global Change Award

Stockholm, SWEDEN, 2017-Apr-06 — /EPR Retail News/ — The public have cast their votes. On April 5, at a ceremony in Stockholm City Hall, the five winners of H&M Foundation’s annual innovation challenge Global Change Award were awarded. The 1 million euro grant was split between them by the global public in an online vote. In addition, a trend report is released today (6 APR, 2017) highlighting learnings about the future of sustainable fashion by looking at the thousands of disruptive ideas from 130 different countries.

To speed up the shift to a circular waste-free fashion industry, the non-profit H&M Foundation initiated Global Change Award in 2015, calling for game-changing ideas that can help reinvent the entire industry.The online vote was held 27 March to 2 April, and the votes are placed:

  • €300,000: Innovation: Grape Leather, Team lead: Rossella Longobardo, Italy
  • €250,000: Innovation: Solar Textiles, Team lead: Miguel A. Modestino, US/Switzerland
  • €150,000: Innovation: Content Thread, Team lead: Natasha Franck, US/UK
  • €150,000: Innovation: Denim-dyed Denim, Team lead: Xungai Wang, Australia
  • €150,000: Innovation: Manure Couture, Team lead: Jalila Essaidi, The Netherlands

“We are deeply glad that such a prestigious Foundation recognised the value of our innovation and strongly believed in it. Our first objectives will consist in switching from a pilot to an industrial scale production our fabric and starting a green, cruelty-free revolution within the leather industry, finally solving its related issues and overexploitations,” says Rossella Longobardo from the team behind Wine Leather (“Grape Leather”).

“The Global Change Award is the first of its kind challenge for early stage innovation in fashion and we are impressed by the level of bold creativity and disruptive innovation shown by the five award winners.”

Jill Standish, Senior Managing Director of Retail at Accenture

“I congratulate all five winning teams. They have the potential to help reinvent the fashion industry, enabling products and resources to have more than one life. Winning the Global Change Award gives you a boost through funding, coaching, industry access and validation that you probably can’t find elsewhere. If you want to help reinvent one of the largest industries in the world, this is the place to go,” says Karl-Johan Persson, Board member of H&M Foundation and CEO of H & M Hennes & Mauritz AB.

The award ceremony on April 5 marked the beginning of a one year innovation accelerator, provided by the H&M Foundation in collaboration with Accenture and KTH Royal Institute of Technology in Stockholm. The program will help the winners develop their ideas, focusing on three main areas; circular economy, innovation and fashion industry connection.

“Consumer expectations for more sustainable products are placing an emphasis on the industry to fundamentally re-examine and re-design the entire fashion value chain. The Global Change Award is the first of its kind challenge for early stage innovation in fashion and we are impressed by the level of bold creativity and disruptive innovation shown by the five award winners. We are passionate about helping them further develop their inspiring ideas through the Accelerator program, to support them in driving the change towards a circular fashion industry,” said Jill Standish, Senior Managing Director of Retail at Accenture.

“Sustainable development is one of KTH’s pillars and as a world-class university of technology we’re an obvious engine and knowledge hub for this. These five amazing innovations can contribute in building a sustainable future and we look forward to kick off the one year accelerator program with the winners,” says Sigbritt Karlsson, President of KTH.

Global Change Award has quickly become the fashion industry’s hot spot for circular innovation, and now a Trend Report gathering the learnings so far is released today by Accenture and the H&M Foundation. It puts the spotlight on what to learn about the future of sustainable fashion by looking at the disruptive ideas from 130 countries competing in the Global Change Award. The report outlines interesting findings and trends within circular fashion and open innovation, based on analytics performed on the close to 3,000 applications submitted for the second Global Change Award.

MORE INFORMATION, VISUAL MATERIAL & TREND REPORT:

Press material: globalchangeaward.com/press

Trend Report: https://issuu.com/globalchangeaward/docs/global_change_award_-_trend_report

Images and films from the Grand Award Ceremony: https://app.frame.io?p=l3weYtle (supports Chrome, Safari, Firefox and Opera).

GCA YouTube channel: youtube.com/channel/UCnO-mFsN63PuuYzI0XgIR1A

Global Change Award is an innovation challenge initiated by the non-profit H&M Foundation in 2015. In September 2016, the second round was launched. By catalyzing early innovations that can accelerate the shift from a linear to a circular fashion industry, the aim is to protect the planet and our living conditions. Global Change Award is one of the world’s biggest challenges for early stage innovation and the first such initiative in the fashion industry. Neither the H&M Foundation nor the company H&M take any equity or intellectual property rights in the innovations. The aim is to influence the fashion industry as a whole. For further information, please visit globalchangeaward.com.

H&M Foundation is privately funded by the Stefan Persson family, founders and main owners of H&M. Since 2013, the family has donated SEK 1.1 billion ($154 million, €123 million) to the foundation, aiming to improve living conditions for people on a global scale. For more information, please visit hmfoundation.com.

PRESS CONTACT:

Malin Björne
PR & Communications Manager
H&M Foundation
malin.bjorne@hmfoundation.com
+46 70 796 39 75

Source: H&M

RILA launches Tech Center for Innovation with Accenture

Arlington , VA, 2017-Mar-14 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) and Accenture (ACN: NYSE), today announced the launch of RILA’s (R)Tech Center for Innovation. The new initiative will explore the impact that technologies like artificial intelligence and virtual reality will have on the retail industry and help retailers create innovative ways of doing business.

RILA collaborated with Accenture to create the (R)Tech Center for Innovation. Accenture will actively work with RILA to shape the overall program, conduct joint research, and bring together retailers and technology start-ups to explore the industry transformation that is being driven by digital technologies.

(R)Tech is a new term coined by RILA to describe the confluence of retail and technology. An (R)Tech company embodies the core values of both those industries – global and local, nimble, and entrepreneurial – to win the loyalty of today’s empowered consumers.

The (R)Tech Center will address five key industry needs by:

  1. Providing Authoritative Research: This will include retail innovation benchmarking, trends, and analysis.
  2. Connecting to Innovation: The center will be used to connect retailers to innovative technologies, companies and ventures, from around the world.
  3. Fostering Innovation: Assist the industry in creating cultures where innovation, creativity and change can flourish.
  4. Activating Innovation: Assist retailers in implementing change management, putting new insights into action and integrating emerging technologies and new innovations across the company.
  5. Burnishing Reputation: Build reputation for retail in innovation hubs and with policymakers and retail talent.

To coincide with the launch, the two organizations have also released an inaugural blueprint: “The Emergence of (R)Tech: A Blueprint for the Confluence of Retail and Technology,” to highlight how technology is disrupting the retail industry, the associated challenges and opportunities, including details of the steps needed for retailers to succeed by taking advantage of the technological disruption.

“We are excited to collaborate with Accenture as we launch our (R)Tech Center for Innovation,” said Sandy Kennedy, President of the Retail Industry Leaders Association. “Today’s most recognized retailers are entering a new age and it all starts with (R)Tech– where retail meets technology. The Center will bring together some of today’s most beloved retail brands with tech’s brightest stars. Through research and relationships, we hope to further retail’s commitment to fostering cultures of innovation that benefit industry and our customers.”

RILA has formed the (R)Tech Advisory Council which represent some of today’s most established US retail brands. Members include: AutoZone, Best Buy, Coca-Cola, DICK’S Sporting Goods, Energizer, Foot Locker, GameStop, Kroger, Lowe’s, QVC, Target, Unilever, VF Corporation, Walgreens, and Westfield.

As part of the (R)Tech Center for Innovation launch, RILA has established a new (R)Tech Innovation Network which will connect recognized tech innovators and Venture Capital firms with retail brands. Network members include: Andreessen Horowitz, Bain Capital Ventures, Commerce Ventures, Facebook, Greylock Partners, Google, GSVlabs, Shoptalk, Techstars, and XRC Labs.

“Today, U.S. and global consumers are driving change in retail at an unprecedented rate. Changing consumer values, preferences, and lifestyles, have led to disruption in virtually every industry; retail perhaps more than any other,” said Jill Standish, senior managing director of Retail at Accenture. “Through (R)Tech we believe Accenture and RILA can foster innovative business practices that will help shepherd retail into the future.”

To learn more about the Center and its future activities, visit www.rtech.org.

About RILA
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

SOURCE: Retail Industry Leaders Association

Christin Fernandez
Vice President, Communications
Phone: 703-600-2039
Email: christin.fernandez@rila.org

Generation Z Seeks Enhanced Digital Shopping Experience from Retailers

Generation Z Seeks Enhanced Digital Shopping Experience from Retailers

 

Young consumers seek voice-activated ordering, curated subscriptions and automatic-replenishment shopping models

NEW YORK, 2017-Mar-06 — /EPR Retail News/ — Retailers looking to capture share of wallet and brand loyalty from the next generation of consumers – Gen Z – will need to step up their focus on new ways of engagement.  This group is looking for enhanced digital tools such as the ability to purchase directly via visual social platforms including YouTube, Facebook, Instagram and Snapchat, according to new global consumer research from Accenture.

The research, based on a survey of nearly 10,000 consumers across 13 countries, examines the attitudes and expectations of millennial and Gen Z consumers along the path to purchase. The survey revealed some distinct shopping habits and preferences among Gen Z consumers, which make it imperative for retailers to further rethink and redesign their digital shopping capabilities and methods.

Social media is set to become a major direct shopping channel for Gen Z with more than two-thirds (69 percent) of them interested in purchasing via social media directly.  In addition, more than four in 10 Gen Z’s (44 percent) cite social media as a popular source for product inspiration, and more than one-third (37 percent) have increased their use of social media for purchase decision-making in the last year.

“Social media has emerged as a real disruptor in targeting Gen Z shoppers, who are true digital natives,” said Jill Standish, senior managing director of Accenture’s Retail industry practice. “To succeed in this increasingly digital world, retailers must understand Gen Z’s’ expectations, influencer circles and behaviors – especially their social-media habits and how they differ from those of millennials.  If they are spending their time on social platforms, this is where they want to be buying their products.”

At the same time, however, the findings show that retailers cannot afford to neglect the physical store, since 60 percent of Gen Z shoppers still prefer to purchase in-store, and nearly half (46 percent) will still check in store to get more information before making an online purchase. In the U.S., over three-quarters (77 percent) of Gen Z respondents said that brick-and-mortar stores is their preferred shopping channel.

The research also revealed that Gen Z shoppers are interested in new shopping methods. Nearly three-quarters (73 percent) of Gen Z shoppers are interested in curated subscription-type offering for fashion, and 71 percent are interested in automatic-replenishment programs, with an overwhelming majority willing to shift more than half their purchases to a retailer offering this service. Additionally, 38 percent of Gen Z’s are willing to try voice-activated ordering, while 25 percent of them said they can’t wait to use it and 10 percent of them said they are already using it.

“The ability to provide reliable and accurate product delivery and a great consumer experience requires retailers to enhance their capabilities in digitization, innovation and harnessing consumer data. Gleaning insights successfully can increase the lifetime value of each customer,” Standish said. “The fact that Gen Z shoppers are open to new shopping methods is a real opportunity for retailers to secure new consumer data and get closer to this generation.”

Other key findings regarding Gen Z shoppers:

They are all about visuals – videos and pictures. YouTube is the most-regularly used social media platform, cited by 84 percent of Gen Z respondents, while Facebook is still the most-popular social platform for both younger (21-27 years old) and older (28-37 years old) millennials. Two-thirds (66 percent) of Gen Z shoppers regularly use Instagram, compared with only 40 percent of millennials, and Gen Z shoppers are more than twice as likely as millennials to use Snapchat (54 percent versus 38 percent for younger and 22 percent for older millennials).

They regularly turn to their ‘influencer’ circles. Gen Z consumers are more likely than both younger and older millennials to purchase an item due to: what their family thinks; recommendations from watching YouTube videos; what their friends think; and comments on social media. In addition, when shopping online Gen Z’s are usually more likely than both younger and older millennials to: chat with an online sales assistant; check in store for more information; ask friends’ opinions via social media, text or phone; and ask family members’ opinions via social media, text or phone.

They haven’t formed strong brand loyalty. Only 16 percent of Gen Z’s shop at a single store for clothing/fashion (compared with 26 percent of older millennials); only 19 percent shop at a single store for health and beauty items (compared with 34 percent of older millennials); and fewer than 38 percent shop at a single place for groceries (compared with 55 percent of older millennials). In the United States, brand loyalty among Gen Z is even weaker, with only five percent of U.S. Gen Z’s shopping at a single place for clothing.

They are impulsive buyers and willing to pay for speedy delivery. Gen Z shoppers are more likely than millennials to make a purchase because: they just wanted to buy something; they randomly saw something they liked; or it was recommended by a friend or family member. In addition, Gen Z’s crave speedy delivery more than millennials do and are willing to pay for it. In fact, more than half (58 percent) of Gen Z respondents said they would pay more than $5 for one-hour deliveries.

“Gen Z is the next big consumer market and purchasing powerhouse,” said Standish. “Retailers need to invest in the digital tools that will enable them to speak to Gen Z through visuals, collaborate with them across multiple channels and devices, and make them feel part of their brand. Offering services such as crowd-sourcing, customization and hyper-personalization are a must-have capability for reaching a generation that is shaping and commanding today’s digital retail landscape.”

View research infographic here.

Methodology
Accenture surveyed 9,750 respondents from 13 countries across six continents who have shopped both online and in stores within the three months prior to the survey, which was conducted in October and November 2016. Survey respondents were selected and vetted by ESOMAR, which adhered to strict international guidelines for market research. To be included in the survey, respondents must have shopped both online and in stores in [at least] one of the following retail categories: apparel, consumer electronics, groceries, home goods, and health and beauty. All shoppers also confirmed that they access the internet and use their smartphones regularly.

Respondents came from Australia, Brazil, Canada, China, France, Germany, Italy, Japan, South Africa, Spain, Sweden, the United States and the United Kingdom. Respondents belonged to one of three age groups; Gen Z (18 to 20 years), young millennials (21 to 27 years) and older millennials (28 to 37 years) and each of these three age groups accounted for approximately one-third of all respondents.

Note: The Gen Z sample included only consumers between the ages of 18 and 20 because we are not allowed to survey minors.

About Accenture
Accenture (NYSE: ACN) is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Contact:

Aleks Vujanic
Accenture
+ 44 7500 974 814
aleks.vujanic@accenture.com

Source: Accenture

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RILA announces three top retail executives elected to its Board of Directors

Arlington , VA, 2017-Jan-25 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) announced today (1/23/2017) that three top retail executives have been selected to join the association’s Board of Directors in an election that took place during the Board’s semi-annual meeting, held Sunday in Naples, Florida.

Joining the association’s Board of Directors are:

  • Shelley Broader, President & Chief Executive Officer, Chico’s FAS, Inc.
  • Steve Rendle, President & Chief Executive Officer, VF Corporation
  • Jill Standish, Senior Marketing Director, Global Retail Consulting Practice, Accenture

Bill Rhodes, Chairman, President, and Chief Executive Officer of AutoZone, will continue his two-year term as Board Chairman through 2017. In addition, five members were re-elected to two-year terms on the Board:

  • Brian Cornell, Chairman and Chief Executive Officer, Target Corporation
  • Alexander Gourlay, President, Walgreen Co., and Co-Chief Operating Officer, Walgreens Boot Alliance
  • Thomas Millner, President and Chief Executive Officer, Cabela’s Inc.
  • Michael Polk, Chief Executive Officer, Newell Rubbermaid
  • Todd Tillemans, Corporate Executive Vice President and President, Customer Development, Unilever, North America

“It is with great excitement and gratitude that we welcome these new members to RILA’s Board of Directors,” said RILA President Sandy Kennedy. “The thought leadership and industry expertise we receive from our Board are integral to our ability to advocate on behalf of retailers. Now, more than ever, we will lean on these executives for their insight and support as we advance our efforts on behalf of the industry.”

The 2017 RILA Board of Directors:

  • Bill Rhodes, Chairman, President and Chief Executive Officer, AutoZone, Inc. (Chairman)
  • Brian Cornell, Chairman and Chief Executive Officer, Target Corporation (Vice Chairman)
  • James Myers, Chairman and Chief Executive Officer, Petco Holdings, Inc. (Treasurer)
  • Robert Niblock, Chairman and Chief Executive Officer, Lowe’s Companies, Inc. (Secretary)
  • Mary Dillon, Chief Executive Officer, ULTA Beauty (At-large)
  • Alexander Gourlay, Co-Chief Operating Officer, Walgreens Boot Alliance and President, Walgreen Co. (At-large)
  • Hubert Joly, Chairman and Chief Executive Officer, Best Buy Co., Inc. (At-large)
  • Shelley Broader, President & Chief Executive Officer, Chico’s FAS, Inc.*
  • James Dinkins, Chief Retail Sales Officer, The Coca-Cola Company
  • Marvin Ellison, Chairman and Chief Executive Officer, J.C. Penney Company, Inc.
  • Alan Hoskins, Chief Executive Officer, Energizer Holdings, Inc.
  • Joe Jensen, Vice President, Internet of Things Group, and General Manager, Retail Solutions Division, Intel Corporation
  • Richard Johnson, President and Chief Executive Officer, Foot Locker, Inc.
  • Stephen Laughlin, GBS Global Industry Leader, Retail and Consumer Products, IBM Corporation
  • Michael Massey, President and Chief Executive Officer, PetSmart, Inc.
  • Craig Menear, Chairman, Chief Executive Officer, and President, The Home Depot, Inc.
  • Thomas Millner, President and Chief Executive Officer, Cabela’s Inc.
  • Michael Polk, Chief Executive Officer, Newell Rubbermaid
  • Steve Rendle, President & Chief Executive Officer, VF Corporation*
  • Carl (Chuck) Rubin, Chairman and Chief Executive Officer, The Michaels Companies, Inc.
  • Gregory Sandfort, Chief Executive Officer, Tractor Supply Company
  • Jill Standish, Senior Managing Director, Global Retail Consulting Practice, Accenture*
  • Todd Tillemans, Corporate Executive Vice President and President, Customer Development, Unilever, North America
  • Todd Vasos, Chief Executive Officer, Dollar General Corporation
  • Sandra Kennedy, President, Retail Industry Leaders Association

*Denotes Newly Elected Member

Contact:
Brian Dodge
Senior Executive Vice President, Public Affairs
Phone: 703-600-2017
Email: brian.dodge@rila.org

Source: RILA

Accenture survey: frugality will be the theme this holiday season as shoppers put in extra work to get the best deals

NEW YORK, 2016-Oct-15 — /EPR Retail News/ — While holiday spending is likely to increase again this year in the United States – with 44 percent of U.S. consumers planning to spend more than they did last year – frugality will be the theme this holiday season, as shoppers want more for their money and are willing to put in the extra work to get the best deals, according to Accenture’s annual holiday shopping survey.

Now in its 10th year, the Accenture Holiday Shopping Survey found that 42 percent of consumers this year said they rarely or never expect to pay full price for an item during the holiday season. In addition, two-thirds (67 percent) said they will purchase items from different stores or websites to get the lowest price, and nearly three-quarters (72 percent) said they would be enticed by promotions or coupons to shop at a store they have not used in the last year.

Consumers are also willing to give more to receive more, as 54 percent of survey respondents said they are open to sharing personal information and shopping preferences with retailers in order to receive personalized offers, compared to 51 percent last year and 33 percent in 2014. The factors most likely to entice shoppers to share personal data are discounts or coupons (cited by 78 percent of respondents, up from 72 percent last year), loyalty card points (cited by 52 percent) and highly relevant promotions (cited by 47 percent).

“The good news is that U.S. consumers plan to spend more and are increasingly willing to share personal information to receive offers – but they remain focused on frugal bargain hunting,” said Jill Standish, senior managing director of Retail at Accenture. “The clear opportunity for retailers is to learn all they can about their customers and use these insights to provide the personalized and timely deals consumers are seeking. By optimizing inventory and marketing, they can increase the profitability of each customer visit to their store or website and maximize each click.”

Shoppers Will Do Their Homework
The survey findings indicate that U.S. shoppers will be doing a great deal of research before making their holiday purchases this year. More than four in five respondents (81 percent) said they plan to participate in ‘webrooming’ –  i.e., shopping for products online before visiting the retail store to make purchase – and the same majority said they plan to participate in ‘showrooming’ – i.e., visiting a store to review a product before purchasing it online. In addition, the vast majority (84 percent) of shoppers this year said they check Amazon.com before looking or buying elsewhere.

The factors most likely to entice shoppers to buy from a store that they have not shopped at in the past year are promotions or coupons (cited by 72 percent of respondents), followed by the retailer having a specific item in stock they can’t find elsewhere (58 percent) and the quality/range of goods (49 percent).

Channel Preferences
Half (50 percent) of shoppers expect to do the majority of their shopping online, with 43 percent saying they expect to do the majority of their shopping in-store (down from 48 percent last year). Purchasing online with in-store delivery/pickup was the top retailer benefit that shoppers plan to take advantage of this year, cited by 48 percent of respondents, up from 36 percent in 2015.

Shopping Frustrations
According to the survey, the main frustrations deterring consumers from buying more goods online are shipping costs (cited by 62 percent of respondents), not being able to touch the product (55 percent of respondents) and shipping delays (40 percent). The main frustration deterring consumers from shopping in-store is long lines or crowds, cited by 62 percent of respondents.

The survey also found that omnichannel offerings could lead to more sales, as nearly three-quarters (71 percent) of shoppers who plan to use the buy online / pick-up in-store option said they are likely to purchase additional items that were not part of their original purchase during their in-store visit.

“Consumers are in the habit of doing research before they shop or make a purchase and this trend only intensifies during the holiday season,” Standish said. “Retailers must provide consumers with a hassle-free shopping experience, whether they are shopping online or in-store.”

The Holiday Shopping List
The most popular item for the holiday shopping season is, for the second consecutive year, apparel – cited by 78 percent of respondents (versus 69 percent in 2015). The ever-popular gift card came in second, cited by 74 percent of respondents (versus 64 percent last year), with restaurants being the most popular gift-card choice (cited by 57 percent of respondents).

U.S. Shoppers Gear Up for Thanksgiving and Black Friday

  • Approximately two-thirds (65 percent) of survey respondents plan to shop on Black Friday and 36 percent of shoppers believe the best deals will be available on that day. A slightly smaller percentage (47 percent) of shoppers are likely to shop on Thanksgiving Day/night but 72 percent plan to do so online (versus 60 percent in 2015).
  • Only 25 percent of shoppers believe that Thanksgiving should be spent with family versus holiday shopping. This percentage was even lower for 18-24 year olds (just 17 percent).
  • The number of people who said they plan to shop on Cyber Monday increased 11 percent this year, to 57 percent.

“We live in a world where consumer behavior and expectations are changing daily, requiring retailers to be truly insight driven,” Standish said. “The reality of the always-connected consumer is evidenced by the fact that Thanksgiving, traditionally considered family time, is now increasingly regarded as another opportunity to bargain-hunt. With the majority of shoppers planning to do Thanksgiving Day shopping online, retailers may want to review online and offline strategies to engage consumers and drive sales.”

About the survey
The Accenture Holiday Shopping Survey offers insights into consumer buying patterns during the holiday period. It gives an indication of retail performance expectations both on the high street and online at a key time for the sector. For this year’s survey, Accenture queried a representative sample of 1,500 U.S. consumers online in September 2016.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Contact:

Aleks Vujanic
Accenture
+ 44 7500 974 814
aleks.vujanic@accenture.com

Source: Accenture

Accenture to extends SAP’s fashion management capabilities to next-generation fashion management solution

NEW YORK and WALLDORF, Germany, 2016-Sep-15 — /EPR Retail News/ — Accenture (NYSE: ACN) and SAP (NYSE: SAP) launched an initiative to extend SAP’s current fashion management capabilities to a next-generation fashion management solution that will be designed to accelerate the digital transformation journey for fashion, accessory and luxury retail brands. The announcement comes after both companies announced in January a comprehensive program of ongoing collaboration on the core development and go-to-market for SAP S/4HANA®.

Accenture will help bring this vision to life in an in-memory edition of the solution, which plans to enable vertical integration across retail, wholesale and manufacturing channels.

“SAP and Accenture bring a culture of co-innovation to the table that has allowed us to collectively innovate and accelerate our development road map. The new solutions we are creating show a committed investment in our clients’ future success,” said Achim Schneider, global head, Retail Industry Business Unit, SAP.

The next-generation fashion management solution aims to take advantage of the technology capabilities of SAP S/4HANA, the flexibility of cloud services and Accenture’s deep retail industry knowledge. It is expected to help retailers build omnichannel solutions that manage inventory requirements more easily and effectively, and accelerate time-to-value to enable a customer-centric business. Retailers should be able to simultaneously view and manage retail, wholesale and manufacturing channels, allowing them to analyze and direct where and how products are stocked based on specific business rules.

“Retail demands speed – whether interacting with customers, bringing new products to market, expanding into new geographies, integrating merged companies or driving operational efficiencies. Working to extend SAP S/4HANA to the fashion industry is the first of many planned actions in our collaboration,” said Jill Standish, Senior Managing Director of Retail at Accenture. “Together, we combine the best thinking, IP and experts at all levels, including development, go-to-market, customer support and outcomes. With our access to the platform code for SAP S/4HANA and our deep retail delivery capabilities, we are well-positioned to help retailers drive the most business value from SAP solutions and meet the unique needs of their industry now and in the future.”

In addition to building out core components, Accenture is working with SAP to create proprietary product extensions. With the help of Accenture, the next-generation fashion management solution from SAP will offer a truly vertical solution via end-to-end scenario integration across the extended retail supply chain. SAP S/4HANA enables game-changing new processes such as multichannel material requirements planning and order allocation with the ability to simulate scenarios that allow fashion organizations to effectively and efficiently run their businesses.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 375,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device — SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 320,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Contacts:

Julie Bennink
Accenture
+ 1 312 693 7301
julie.l.bennink@accenture.com

Aleks Vujanic
Accenture
+ 44 7500 974 814
aleks.vujanic@accenture.com

Jason Loesche
SAP
+ 1 484 437 0015
j.loesche@sap.com

Stacy Ries
SAP
+ 1 484 619 0411
stacy.ries@sap.com

Source: Accenture

Jill Standish named Senior Managing Director Retail at Accenture

Retail Industry Veteran Jill Standish Joins Accenture; Named Head of Company’s Retail Industry Practice

NEW YORK, 2016-Apr-15 — /EPR Retail News/ — Accenture announced today that Jill Standish has joined Accenture Consulting and been named Senior Managing Director, Retail. As the head of Accenture’s Retail practice, Ms Standish will focus on the business strategy and ongoing development and execution of retail industry strategy for clients. Ms Standish will oversee Accenture’s offerings and assets, guide growth and capability development as well as manage the retail industry client portfolio, with a focus on driving business transformation for clients.

“I am delighted to welcome Jill to our senior leadership team,” said Sander van’t Noordende, Group Chief Executive – Products. “Jill is a recognized leader in the industry and her experience and leadership skills will be valuable assets as we continue to execute our strategy and deliver value for our clients.”

Ms. Standish brings over 20 years of experience to Accenture with previous leadership positions across sales, marketing and consulting. Her most recent role was at Oracle where she was Senior Vice President and General Manager for the Retail Business Unit. Prior to that, Ms Standish was the global leader for IBM’s Global Business Services retail consulting practice. Throughout her career she has worked on digital and store transformation projects with leading global retail clients.

Ms Standish was named by Consulting Magazine as one of their Top 25 Consultants for her vision and strategy in the Retail Industry in 2013. She serves on the Advisory Board of the Fashion Institute of Technology (FIT) in New York and is an active member of the National Retail Federation. She is also on the board of directors for the Women’s Center of Greater Danbury; a non-profit organization supporting women and teens.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 373,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

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Contact:

Caroline Douglas
Accenture
+ 35 3 87 680 0074
caroline.douglas@accenture.com