Akeneo’s PIM solution underpins the fast-fashion pureplay’s commerce ambitions as it consolidates growth of its brand portfolio at group level
A single source of truth for product data improves speed and accuracy across the product lifecycle, while driving operational efficiencies and speed to market
London, UK | 30 April 2022 – Global fashion pureplay retailer, boohoo group, has improved operational efficiency and speed to market, with a solution from Akeneo, the global leader in product experience management (PXM) and product information management (PIM).
The boohoo retail group is a stellar portfolio of 13 market-leading fashion brands – from its own-brands including boohoo, boohooMAN and Pretty Little Thing, to its recently acquired British heritage brands, BURTON menswear, DP.com (Dorothy Perkins) and Wallis – which has doubled the number of brands in its portfolio in the last two years. As well as this hyper-growth in the number of brands which are now part of the retail group, boohoo has also extended into new categories, including beauty and homeware, through the relaunch of Debenhams, a marketplace selling more 3rd party multi-brands through its online platforms.
However, with this success came complexity, and with the rapidly growing number of SKUs it offered its customers, its legacy enterprise resource planning (ERP) system couldn’t keep up, meaning boohoo’s teams had limited control over product data, very little data governance and no single source of truth when it came to product information.
This was not only impacting the business operationally – with each new product taking 15-20 minutes to create on the old system and often causing duplicated efforts, with manual checking and correcting of the data needed at each stage of the product lifecycle – it was also negatively impacting customer experience (CX) on-site. Missing or incorrect product information was making products harder to find for shoppers on the site, as they couldn’t be tagged or filtered during on-site search, but it also meant that boohoo’s team weren’t getting the data feedback loop needed to adapt to evolving shopper trends and changing buying behaviours to optimise online experiences.
Having seen success implementing Akeneo Community Edition Product Information Management (PIM) solution at Pretty Little Thing, Akeneo was the obvious choice to roll-out PIM across the group, as boohoo sought to drive its strategy of creating one platform that its brands could plug into, across technology, systems and processes. Akeneo’s solution unified boohoo’s teams – from buying to visual merchandising to ecommerce, operations, finance and analytics – so everyone had access to a standard set of product information tools and a common set of systems to enrich product data.
This hasn’t just benefited the business in terms of how the data is used downstream, but it has optimised user experience for boohoo’s customers on its websites, making products easier to find, improving SEO and site-search and speed. It has also improved efficiencies in the product lifecycle management, accelerating speed to market as the buying teams use Akeneo PIM to enrich product data at the point of order placement, speeding up product information processes and contributing to more consistent, accurate product data.
Will Clayton, Head of Innovation at boohoo, explained: “A big ethos of the business is ‘fast’ – fast in terms of spotting trends, developing new products and going to market. Using Akeneo PIM, we now have a single source of truth for all product data and that not only gives great speed, and more consistent and better-quality product information, but also affords us the flexibility across category and product type within our portfolio of brands. The other big benefit is scale; on a standard day, we can create 60,000 SKUs within Akeneo’s solution, but during peak periods, we’ve been able to scale this up to 300,000 in a single day.”
Steven Nolan, Technology Director at boohoo Group, added: “[We invested in PIM because, before] everything was manual. We had nothing around mastering our products and were hamstrung by the manual processes that were in place. Akeneo was the best fit for our business and for the way that we wanted to adapt – it was the right fit, the right UX and the right feel for our business. The biggest [benefits of Akeneo] have been around speed and efficiency. [For example,] our buy teams, it would take them up to 10 minutes to raise a product and create a product in our old systems, whereas now that’s gone down to 30 seconds to be able to create a product, so [we’re seeing] huge efficiencies and huge savings for our business now.”
Fred de Gombert, CEO of Akeneo, commented: “Speed and agility underpin any retail business, but no more so than in hyper-quick fast-fashion sector, where speed to market needs to not only be quick enough to meet consumers always changing demands and trends, but must also be efficient so margin is maximised. And that makes consistent, accurate and accessible information – across product types and across categories – critical in supporting the operational excellence needed to drive growth. We’re delighted to see boohoo evolve their operations and that they are seeing it deliver the pace and scale to meet their commerce growth objectives.”
About boohoo group plc
“Leading the fashion eCommerce market” Founded in Manchester in 2006, boohoo is an inclusive and innovative global brand targeting young, value‐ orientated customers, pushing boundaries to bring its customers up‐to‐date and inspirational fashion, 24/7. In 2017, the group extended its customer offering through the acquisitions of the vibrant fashion brand PrettyLittleThing and free‐thinking brand Nasty Gal. In March 2019, the group acquired the MissPap brand, in August 2019 the Karen Millen and Coast brands and in June 2020 the Warehouse and Oasis brands, all complementary to the group’s scalable, multi‐brand platform.
In January 2021, the group acquired the intellectual property assets of Debenhams, with the goal of transforming a leading UK fashion and beauty retailer into a digital department store and marketplace through a new capital‐light and low‐risk operating model. In February 2021, the group acquired the intellectual property assets of UK brands Dorothy Perkins, Wallis and Burton. As at 28 February 2022, the boohoo group had 20 million active customers across all its brands around the world.
Akeneo is a global leader in Product Experience Management (PXM) helping businesses with products to unlock growth opportunities by delivering a consistent and compelling product experience across all channels, including eCommerce, mobile, print, points of sale and beyond. With its open platform, leading PIM, add-ons, connectors and marketplace, Akeneo PXM Studio dramatically improves product data quality and accuracy, simplifies catalog management, and accelerates the sharing of product information across channels and locales.
Leading global brands, manufacturers, distributors and retailers, including Thras.io, Staples Canada, boohoo.com, and Air Liquide trust Akeneo to scale and customize their omnichannel commerce initiatives. Using Akeneo, brands and retailers can improve customer experience, increase sales, reduce time to market, go global, and boost team productivity. For more information: https://www.akeneo.com