Invent Analytics Congratulates Tailored Brands’ Scott Vifquain for RIS Top 10 Influentials Recognition
PHILADELPHIA—Jan. 9, 2024—Invent Analytics, an award-winning global retail planning solutions provider, is proud to congratulate Scott Vifquain, Chief Technology Officer at Tailored Brands, for earning a spot on Retail Info Systems’ “Influentials: Top Movers and Shakers in Retail” award list. Each year, the list highlights 10 retail executives who are deploying cutting-edge technology to reshape the retail industry. Under Scott’s leadership, Tailored Brands has launched multiple technology initiatives to enhance the customer experience and optimize retail operations, including implementing Invent Analytics' AI-driven platform for inventory optimization in its complex event rental business.
With more than 25 years of technology experience, Scott spent his career spearheading successful initiatives that have helped retailers succeed in the competitive omni-channel world. As CTO of Tailored Brands—a leading omni-channel menswear and formalwear retailer with brands including Men’s Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore—Scott has focused on aligning technological innovations with customer experience and business goals.
Notably, Scott recently led Tailored Brands’ efforts to better anticipate customer preferences in style, color and size options by optimizing inventory at a granular level in its tuxedo rental business. The retailer partnered with Invent Analytics to implement an AI-driven decision-platform for advanced inventory planning and allocation including forecasting the availability of rental returns. As a result, Tailored Brands has:
- Boosted sales and profitability
- Ensured product availability for enhanced customer satisfaction
- Improved forecast accuracy
- Achieved more precise inventory planning
- Improved efficiency
Gurhan Kok, CEO & Founder, Invent Analytics, said, “Congratulations to Scott for this well-deserved recognition! Invent Analytics is proud to work with innovative leaders like Scott who are leveraging technology to embrace new omni-channel opportunities and gain a strong competitive advantage. Thanks to Scott’s forward-thinking approach to retail technology, Tailored Brands is well positioned to keep customers coming back again and again—while reducing inventory costs and boosting profitability.”
Scott Vifquain will be sharing the stage with Invent Analytics and GNC at NRF 2024: Retail’s Big Show on January 16 at 1 p.m. to share strategic insights on inventory optimization.
To learn more about Tailored Brand’s collaboration with Invent Analytics, visit: https://www.inventanalytics.com/news-events/news/press-release-tailored-brands/.
About Tailored Brands
Tailored Brands is a leading omni-channel 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.