The parent company of Sears and Kmart is entering global partnerships to reduce lead times and increase efficiencies for apparel products.
Transform Holdco LLC, also known as the post-bankruptcy “new Sears,” has entered into new strategic supply chain partnerships with Hong Kong-based supply chain management firm Li & Fung and India-based sourcing provider Triburg. The collaborations are expected to provide the company’s apparel business unit with technology-based global sourcing practices that will result in reduced lead times and greater efficiencies for bringing apparel product to market at Sears and Kmart.
“With increasing volatility in the global trade environment, it’s vital to have a supply chain that is more nimble and flexible while simultaneously opening new avenues for managing product costs,” said Greg Ladley, president of softlines and a member of the office of the CEO, Transform. “That’s why we are proud to partner with Li & Fung and Triburg, two world-class organizations that will provide us with the necessary global reach, consumer insights, trend analysis and digital design capabilities to enhance our supply chain in real time. Transform welcomes the opportunity to partner with companies that are driven by data, analytics and deep learning to accelerate the company’s transformation as a leading integrated retailer.”
Li & Fung and Triburg will act as sourcing agents and design partners for all Sears and Kmart apparel brands, including Jaclyn Smith, Joe Boxer and Everlast. Terms of the partnerships were not disclosed.
Date: July 03, 2019
Source: Chain Store Age