![]() “We know how much potential there is for AI and machine learning to improve profits and reduce waste in retail, and we are thrilled to have Prateura join us on our mission to modernise merchandising and put data behind the important pricing and inventory decisions our users make every day.Vision Objective Ethical Recommendations Careers Awards Achievement Products SKF Items SKF Golf ball Bearings Nice Precision Ball Bearings SKF Seals SKF Maintainance Items Condition Monitoring Power Transmission Products SKF Linear Motion SKF Grease SKF Lincoln Lubrication Systems Atlas Copco Compréssors Alfa Laval High temperature Exchangers Nord Push Systems Sandvik Trimming Tools RL Hydraulic Products Triag Products International Moduler Clamping System ABNOX Products Norton Abrasives Products Solutions SKF Spindle Repair Keeping Remanufacturing Rotating Devices Performance Integrated Upkeep Options SKF Certified Upkeep Partner SKF Condition Monitoring Reliability Program Gearbox Remanufacturing Atlas Copco Program SKF Lincoln Lubrication Techniques Nord Services Alfa Laval Temperature Exchangers Purchase Items SKF Bearings SKF Grease RL Hydraulics Store Network Education Clients Contact Us House Alfa Laval Temperature Exchangers Alfa Laval Warmth Exchangers Warmth Exchangers Alfa Laval - Heat Exchangers Alfa Laval Warmth Exchanger concentrates on energy optimization, environmental security, and foods manufacturing through our technological leadership in warmth transfer, break up, and fluid handling.With even more than 1900 patents, we supply worldwide solutions in places that are important to society both nowadays and for the future. Sparkbox has been selected for Enterprise City’s second startup exchange programme at Department Bonded Warehouse, which is supported by Praetura.Ī graduate of the Google for Startups UK immersion program, the company is also a current member of Tech Nation’s Applied AI 3.0 cohort and has previously been recognised as a Tech Nation Rising Star.įisher said: “As a team of former retailers, we’ve seen first-hand how the retail industry is advancing in many areas but falling behind when it comes to making data-driven decisions. ![]() “I’m looking forward to working with the team and sharing some of the lessons I’ve learnt from my time at Apple and the other tech businesses I’ve been lucky to work closely with over the years.” ![]() What Youll Find Here Well post web development and design tutorials to help you level up, covering topics like. “Sparkbox’s approach to inventory optimisation has the power to bring about massive changes in fashion and home retail, which is clearly behind the times when it comes to technology adoption within merchandising,” he said. Sparkbox partners with complex organizations to create user-driven web experiences. ![]() The team started Sparkbox after seeing an opportunity to innovate in a sector that still relies heavily on spreadsheets, guess work and gut feelings to make important commercial decisions.įinTech Delio secures £6.2m growth fundingĬolin Greene, an operational partner at Praetura – formerly Apple’s director of US consumer retail – will join Sparkbox’s board. Steel + Spark, a local Phoenix business, has developed the SPARKBOX housing units using funding from the Arizona Department of Housing, and partnering with the City of Phoenix to demonstrate how these flexible living spaces can be dropped nearly anywhere. The company was co-founded by Forbes 30 Under 30 inductees Lindsay Fisher and Matthew Wong, and Kevin Blackmore, who prior to Sparkbox was vice president of customer insights at Best Buy and a retail analytics partner at Accenture. Sparkbox will use Praetura Ventures’ investment to double its team and onboard further fashion, home and seasonal retailers, where deadstock is a constant challenge across the board. In addition to protecting retailers from profit losses, Sparkbox’s approach to data also has the potential to aid brand sustainability goals by preventing retailers from over ordering stock, with wide reports that fashion alone is responsible for up to 10% of global carbon emissions. Launched in 2019, Sparkbox says a recent trial with a £500m+ fashion retailer saw it improve cash margin on markdowns by 34%, paying back its client’s investment in just 34 days. Sparkbox’s solution, which is trusted by River Island and, enables retailers to forecast demand, optimise their pricing and promotions and plan inventory to reduce waste and the need for big discounts. A Manchester-based startup using AI and data to help retail merchandising teams make better stock buying and pricing decisions has raised £1.5 million.
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