PHILADELPHIA—Jan. 9, 2024—invent.ai, 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. The list highlights 10 retail executives deploying cutting-edge technology each year 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.ai's 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 omnichannel world. As CTO of Tailored Brands—a leading omnichannel 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.ai to implement an AI-driven decision platform for advanced inventory planning and allocation, including forecasting rental return availability. As a result, Tailored Brands has:
- Boosted sales and margins
- Ensured product availability for enhanced customer satisfaction
- Improved forecast accuracy
- Achieved more precise inventory planning
- Improved efficiency
Gurhan Kok, CEO & Founder of invent.ai, said, “Congratulations to Scott for this well-deserved recognition! Invent.ai is proud to work with innovative leaders like Scott, who leverage technology to embrace new omnichannel 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 returning —while reducing inventory costs and increasing revenue and margins.”
Scott Vifquain will share the stage with invent.ai and GNC at NRF 2024: Retail’s Big Show on January 16 at 1 p.m. to share strategic insights on inventory optimization.
Learn more about Tailored Brand’s collaboration with invent.ai.
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.