StageLoan | Alive
Last Raised$680K | 3 yrs ago
7thonline provides omnichannel demand planning and inventory management solutions to the retail, wholesale, and supply chain industries. Its solutions are data-driven, demand-driven, and powered by data science, predictive analytics, ML & AI. Deployed as a cloud-native SaaS enterprise solution, 7thonline applications optimize merchandise planning and demand forecasting for Tier 1 retailers. Customers include Calvin Klein, Patagonia, Tommy Hilfiger, Michael Kors, Nautica, PVH, Bestseller, VF, etc. 7thonline was founded in 1999 and is headquartered in New York, New York, and has development offices globally.
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7thonline's Products & Differentiators
7thonline DTC Demand Planning
Full Cloud-Native, SaaS Modular Suite for DTC Planning: Merchandise Planning, Allocation, OTB, PO Requisition, Assortment Planning, Item-Level Planning, Transfers, Replenishment, Embedded Reporting with Business Intelligence and Analytics
Expert Collections containing 7thonline
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
7thonline is included in 2 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
This collection looks at the tech-enabled companies helping brands and retailers promote their products and compel customers to buy.
Market Research & Consumer Insights
This collection is comprised of companies using tech to better identify emerging trends and improve product development. It also includes companies helping brands and retailers conduct market research to learn about target shoppers, like their preferences, habits, and behaviors.
Latest 7thonline News
Jun 1, 2022
On Jun 1, 2022 Retailers are struggling to keep products on the shelves to keep their customers happy. Inventory management has become a guessing game driven by fear. “Companies are so scared of not having what they need that they are erring on the side of ordering “a lot” said Scott Hoyt, senior director for Moody’s Analytics. 7thonline, Inc. is the global leader in integrated demand planning and inventory management solutions for multi-channel retail, supply chain, and wholesale businesses. 7thonline has launched its latest application, ‘Inventory Control Desk™’ in response to calls from multi-channel retail companies grappling with lost sales and growing inventory management problems. The application provides daily, weekly, and monthly sales and inventory positions. It also generates sales forecasts and alerts for re-orders when inventory positions are at risk. As a result, ‘Inventory Control Desk™’ affords visibility to plan and execute promotions, markdowns, transfers, and closeouts. “We are thrilled to bring ‘Inventory Control Desk™’ to market. The final product is a true collaboration with clients and industry colleagues alike. We have signed-on several major retailers with one having over 8000 stores. The feedback has been extraordinary. The application’s release has been met with overwhelming success, and we are certainly proud of our entire team who made this vision a reality.”– Chris Chung, 7thonline President, Americas & EMEA A CNBC press release on May 24, 2022, states, “They [retailers] double order to get inventory in the door, and then as demand softens, they can end up with too much inventory and have to cut back and markdown existing inventory…Walmart was off by a lot — caught with 32% more inventory year over year. Target was higher by 43%; Abercrombie & Fitch inventory was up 45% year over year.”1 “It’s crazy,” former Walmart president and CEO Bill Simon told CNBC last week. ″I mean 8% would have been high, 15% would have been terrible, 32% is apocalyptic. I mean that’s billions of dollars of inventory. That’s just frankly not managed very well.”1 ‘Inventory Control Desk™’ was designed to address the challenges facing retail executives regarding managing inventory level liquidity and optimizing working capital to name a few which will result in improved customer satisfaction and increased revenue and profits. Write in to firstname.lastname@example.org to learn more about our exclusive editorial packages and programs.
7thonline Frequently Asked Questions (FAQ)
When was 7thonline founded?
7thonline was founded in 1999.
Where is 7thonline's headquarters?
7thonline's headquarters is located at 70 West 40th Street, New York.
What is 7thonline's latest funding round?
7thonline's latest funding round is Loan.
How much did 7thonline raise?
7thonline raised a total of $6.59M.
Who are the investors of 7thonline?
Investors of 7thonline include Paycheck Protection Program, Partnership Fund for New York City, Stonehenge Capital, Apax Partners, Himalaya Capital and 5 more.
Who are 7thonline's competitors?
Competitors of 7thonline include Blue Yonder and 2 more.
What products does 7thonline offer?
7thonline's products include 7thonline DTC Demand Planning and 2 more.
Who are 7thonline's customers?
Customers of 7thonline include Patagonia, Michael Kors and PVH.
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