Blog
Stylumia brings the latest blogs on Color AI, Retail AI, Fashion AI & Ecommerce AI with the help of data-driven insights
Backcasting, A Way To Accomplish Your Mars-shots
| 3 min read For many of us, planning for the future is forecasting. Forecasting is a review of the current and past and extrapolating a future. In our personal lives too, we let our current skills drive our future vision. Forecasting takes all the current biases into account. Backcasting shifts the script. Instead of forecasting the future, backcasting […]
A Fundamental Flaw In Fashion Markdown Management
| 3 min read The fashion business is lost by what it does not sell than what it sells. Markdowns are a result of overbuys, wrong buys, or mismatch in distribution. Markdowns are also the highest cost element in any fashion profit and loss statement. Fashion retailers spend over US$ 1 trillion annually in markdowns in in-season and end-of-season […]
Well Bought Is Half Sold | Second-Level Thinking
| 4 min read Well bought is half sold. This is very true in the world of investing and also in the fashion business. Fashion buying is akin to hedge fund investing. We wrote an article on “Fashion Buyers Are Hedge Fund Managers” a while back. In this edit, we look deeper into what kind of thinking is required […]
Fashion Allocation Optimization | Learning From Bees
| 4 min read In fashion retail, allocating or distributing products to various stores/channels is an important and challenging task. The importance of fashion allocation optimization is crucial in a multi-store and multi-product environment. In addition, demand uncertainties combined with the business constraints of inventory, store parameters, etc. make the problem challenging. Above all, the goal is to ensure […]
A Must Avoid Obsession In Fashion Retail
| 5 min read All key transformations in human evolution happened always through intelligence. Intelligence comes with observation at the fundamental level. That is “first principles“. A living example of first principles is Elon Musk. You can check out his view on the first principles here. One of the first principles in business is to focus on customers. But […]
Protected: Prepare For AW21 & Beyond | COVID Prediction Model For Fashion
There is no excerpt because this is a protected post.
Need To Shift Fashion Retail Mental Models
| 3 min read Mental models are blueprints to help make decisions faster and better. We can make significant progress using knowledge and models from across disciplines. Charlie Munger (works by the side of Warren Buffet, Vice Chairman of Berkshire Hathaway) articulates this clearly in his commencement speech at USC. In this edit, we look at how we can […]
Unboxing Machine Learning Adoption In Fashion Retail
| 4 min read There is no business benefit without the adoption of technology. It’s also true for getting significant benefits through machine learning adoption in fashion retail. In this edit, we look at when is machine learning relevant or not and, what does it take to adopt for maximum benefit. The purpose of machine learning in general is […]
Re-inventing To Fashion Zero | Avoid Climate Disaster
| 4 min read Two numbers are worth remembering when it comes to climate change. “Fifty” and “Zero”. Fifty is where we are, we add 51 billion tons of greenhouse gases to the atmosphere every year globally and zero is where we want to go. Well said by Bill Gates in his recent book How To Avoid A Climate […]
The Mindset To Navigate Fashion Business Through COVID Waves
| 4 min read These are uncertain times. COVID is coming in waves across the world. This edit is about the mindset that helps to navigate the fashion business through COVID waves. In general, managing the retail business through uncertain times. The Soldier Vs Scout Mindset We say when we are objective, it need not be real objective reasoning. […]
Try Stylumia for your business
Our sales team will reach out to you soon
© 2024 Stylumia Intelligence Technology Pvt Ltd