North American Retailer The Hudson's Bay Trading Company (THBTC), the venerable North American retailer whose entities include all 47 Lord & Taylor stores and Canadian department stores including The Bay, Zellers and Home Outfitters, has selected the full suite of PLM software from TradeStone, it was recently announced.
TradeStone's "Merchandise Lifestyle Mangement" (MLM) suite, includes its PLM for Retail, Global Sourcing, Order Management, Supplier Management and Logistics & Finance solutions.
The solution will replace Hudson's Bay Trading Company's legacy import management systems and provide a shared merchandise backbone to help increase efficiencies across the organization.
TradeStone's solutions will be rolled out at HBTC in its U.S. banner Lord & Taylor as well as across its Canadian retail entity Hudson's Bay Company.
TradeStone noted its software will also help eliminate disparate sourcing, ordering and delivery systems such as emails and spreadsheets and provide a single system that offers cross-functional visibility, interaction and collaboration for a more agile and integrated retail supply chain.
"We evaluated multiple vendors for a system that could support our private label design and replace our current infrastructure with a breadth of functionality to take us to the next level and TradeStone was the clear choice," said Dan Smith, CIO, Hudson's Bay Company. "We were very focused on creating an integrated process from design to our store shelves across each of our banner organizations, and TradeStone demonstrated its ability to meet our needs through the capabilities of its solution as well as the experience and retail knowledge of its team."
"We are pleased that HBTC, and both its US and iconic Canadian retail entity, has selected TradeStone as their merchandise backbone," said Sue Welch, CEO, TradeStone Software. "We are committed to helping our customers design more efficiently, source more effectively, and respond more quickly to their customers' requirements, all of which provide measurable bottom line results."
Lord & Taylor in the U.S. and Hudson's Bay Company in Canada, are two of the oldest and most venerable retailers in North America. They are both now owned by NRDC Equity Partners through recent acquisitions.
Hudson's Bay Company is considered Canada's largest diversified general merchandise retailer with nearly 60,000 associates and more than 600 retail locations across its four banners, including the Bay, Zellers, Home Outfitters and Fields.