Intelligent Demand Forecasting for Footwear Brands
Capture full-price sell-through across complex size x style matrices with demand forecasts at the item level for each store.
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AI-Powered Solutions for Footwear’s Unique Challenges
Forecast discordant demand across sizes
Size x width x style combinations can quickly spin out of control. Syrup’s AI is flexible enough to handle footwear’s complexity and granular enough to account for large demand variance across sizes.
Counteract data sparsity with embeddings
Wide size ranges and frequent style updates limit historical sales data for any one SKU. Embeddings enable Syrup’s demand models to identify product similarities across SKUs and leverage aggregate sales data across past assortments to create better forecasts.
De-risk allocation constraints with intelligent recommendations
Limited store capacity forces footwear merchandising teams to artificially limit allocations. Syrup’s demand-aligned core/fringe size placement recommendations are configurable to your stocking requirements.
Localized size curves at the store level
Regional differences in foot sizes, style needs, and weather requirements make generic strategies ineffective. Size x location level forecasts that update dynamically help allocators become local demand experts.
Why Footwear Retailers Choose Syrup
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Rapid time to value
Software on your timeline. Onboard and begin capturing margin improvements and revenue gains in around 8 weeks.
- Improve conversion from allocation to sale and boost sell-through up to 7%.
- Reduce missed demand from allocation by up to 12%.
- Hold 30% less inventory, minimizing excess costs and resources.
AI-powered demand forecasts
Our ensemble model approach delivers accurate predictions configured for your unique footwear strategy.
- Models ranging from cutting-edge neural networks to workhorse gradient boosts, and more.
- Leverage important internal data (historical sales, promotion data, ecom traffic), then layer in external data sources like social media or weather when they add value.
- Forecasts outperform naive baselines and competitive forecasts by up to 50% across common error measurements.
Intelligent inventory workflows
Inventory recommendations built on our modern forecasting foundation increase sell-through and margin.
- Workflows covering initial buys through last-minute rebalancing.
- Allocate assortments in the 1000s of SKUs in under an hour.
- Focus on the sizes and styles with the highest strategic impact, and let AI-powered optimization handle the long tail.
Your partners in data science
We’re data scientists and retail experts ready to support your winning footwear strategy.
- A team of dedicated data scientists keep a close eye on every forecast.
- Modern integration, consolidation, and normalization infrastructure is backed by a team of retail data experts.
- Ongoing strategic alignment — tweaking configurations, testing for demand levers — plus the reporting you need to make an upward impression.
Director of North America Planning and Allocation
Director of Global IT
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Footwear Specifics, Tech Best Practices
For Tech Teams
Onboard cloud-native, secure technology offering advanced forecasting and turnkey workflows you can implement in weeks, not months.
Improve Sell-through Across Your Footwear Line
See how advanced demand forecasts and intelligent inventory management can improve your revenue and overall profitability.
