NEW YORK, Oct. 31, 2018 /PRNewswire/ -- Sky IT Group, a global leader in retail business intelligence solutions, announced today its partnership with Saks Fifth Avenue (Saks). SKYPAD will improve the vendors selling data distribution processes for Saks, while empowering its brand partners with timely and consistent visibility into selling activity data. Both merchants and brands will have access to product level insights within a self-serve and collaborative reporting platform.
SKYPAD's goal is to enhance buyer and supplier collaboration, strengthen business insights and capitalize on reorder opportunities to maximize sales potential and reduce markdowns. With SKYPAD, merchants and brand partners will gain secure, online access to view their product sales activity from a single centralized repository. The program will enhance the speed, consistency, and accuracy of data sharing between merchants and their suppliers to ensure the consumer has access to the right product at the right time.
"We are continuously looking at ways in which we can drive productivity, enhance collaboration, and strengthen business insights," said Tracy Margolies, Chief Merchant, Saks Fifth Avenue. "The data that SKYPAD's platform delivers will enable our merchants to connect with our vendor-partners in a more efficient manner, helping us to better meet our ultimate goal of delivering our customers an unparalleled shopping experience."
"SKYPAD has partnered with some of the most forward-thinking luxury retailers in the world, such as Saks Fifth Avenue, who appreciate the value that collaborative analytics," stated Jay Hakami, President & CEO of Sky IT Group. "With SKYPAD, the conversation between buyer and seller is based on the accurate insights, trends, and 'one vision of the truth' that will drive increased profitability for the retailer and supplier."
About Sky IT Group
Sky IT Group was founded in 2000 with the mission to provide innovative data collection, integration, and reporting solutions. SKYPAD, Sky IT Group's SaaS reporting platform, organizes the sell-thru data that 400+ suppliers/brands receive from 150+ global retailers, and empowers 1500+ users to quickly discover multi-dimensional insights from their wealth of data. Many of largest global fashion's brands utilize SKYPAD to maximize their visibility into the who/what/where of their product performance across retail sales channel. For more information, visit www.skyitgroup.com.
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SOURCE Sky IT Group