Men’s Wearhouse and Jos. A. Bank Select Invent Analytics to Optimize Inventory for Event Business
Tailored Brands is the parent Company of Men’s Wearhouse and Jos. A. Bank.
PHILADELPHIA – Aug. 2, 2023 – Invent Analytics has been selected by Men’s Wearhouse and
Jos. A. Bank to provide AI-driven solutions to improve its inventory optimization process for
their event business. Invent Analytics is a leading provider of innovative inventory optimization
solutions that provides an automated-decisions platform that helps retailers optimize their
inventory levels to maximize profitability. Tailored Brands is a leading omnichannel menswear
and formalwear retailer with more than 1,000 stores, including The Men’s Wearhouse, Jos. A.
Bank, Moores, and family retailer K&G Fashion Superstore.
Tailored Brands’ decision to partner with Invent Analytics was made in response to anticipating
their customers’ evolving preferences for various style, color and size choices in their tuxedo
business and the need for a more advanced approach to optimize inventory planning and
allocation. With Invent Analytics' AI-powered solutions, Tailored Brands achieved higher
forecast accuracy and more precise inventory planning, including optimized buying at style-size
level, which reduced orders and increased profitability. Further, optimized allocation increased
availability at style-size level, driving significant margin (i.e., substantially reduced stockout-
based substitutions) and improving overall customer satisfaction.
"Invent Analytics showed quantifiable results quickly and continues to partner with us to
increase profitability using their optimization platform,” said Scott Vifquain, Chief Technology
Officer for Tailored Brands. "Invent Analytics' AI-driven solutions provide us with the
intelligence we need to optimize our inventory levels and reduce inventory substitutions, while
ensuring that we always have the right product/size in stock to meet customer demand.”
To stay competitive in the rapidly evolving retail landscape, apparel retailers need the ability to
optimize down to a style/color/size/location level and take into account attrition. “With our
advanced technology, predictive and prescriptive optimization solutions, Invent Analytics allows
successful retailers like Tailored Brands to operate more efficiently and effectively, while also
improving product availability and maximizing profitability,” says, Prof. Gurhan Kök, Founder
and CEO of Invent Analytics.
About Invent Analytics
Invent Analytics is a global retail inventory optimization solutions provider that helps leading
retailers accelerate their omni-aware complexities by using profit-optimization models for
demand forecasting, allocation, replenishment, returns, and markdowns, powered by AI with
advanced analytics.
About Tailored Brands
Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits,
formalwear and a broad selection of business casual offerings, helping customers look and feel
their best for their most important moments by delivering personalized products and services
through their convenient network of stores and e-commerce sites. Brands include Men's
Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.