LK Bennett partnered with Mapp Fashion to integrate real-time personalization into their merchandising strategy, resulting in a 20% revenue increase and reduced return rates.
British affordable luxury brand, LK Bennett had been using their previous merchandising tool for about 6 years. It was a powerful tool but they weren’t getting the full potential out of it as they needed to continuously spend a lot of time, money and resource to keep the technology up to date.
Along with keeping on brand, LK Bennett wanted to ensure they were showing their customers their best products at the right time.
Traditionally there has been tension between merchandisers and personalization because personalization takes away control. The quick fix for apparel retailers is to focus on either one or the other but they are both business critical.
Merging the two creates powerful merchandising blends where every customer sees their best products and merchandisers maintain complete control over their brand strategies.
LK Bennett now has a level of automation that means they can step away from the categories that they don’t have time to get into the nitty gritty with. Whilst categories that they want to be super visual and curated (such as ‘New In’) can be controlled or personalized easily.
The biggest impact was being able to include a customer’s personalized view in the merchandising blend.
The future of online apparel retail relies on this integration of merchandising and personalization to deliver customer loyalty and profit increases.
Revenue Growth
Through Mapp Fashion’s hyper-personalized real-time product & outfit recommendations, LK Bennett was able to help the customer find the right product, first time and reduce the number of avoidable returns.