The New Retail Economy: Bamboo Rose Rewiring the Industry for Today’s Retailers
Boston, Mass., April 27, 2016 — Bamboo Rose, the trusted digital B2B marketplace for retailers (formerly known as TradeStone Software), today announced its position as a Leader in the IDC MarketScape, “Worldwide Retail Brand Product Innovation and PLM 2016 Vendor Assessment” (doc #US40521315, January 2016). The recognition supports Bamboo Rose’s view of the New Retail Economy: the undeniable, simple reality of serving today’s global consumer demands, expectations, and behaviors in a highly visual and collaborative, always changing, digitally-connected world.
“Retailers that embrace change with Product Innovation and PLM Platforms like Bamboo Rose’s Marketplace and Trade Solutions can increase their speed to market by 50 percent by improving design review process and collaborating more closely with customers, partners, and suppliers,” said Leslie Hand, vice president of IDC’s Retail Insights. “Bamboo Rose is the only retail brand product innovation, development, and sourcing vendor that has built its system architecture to purposely serve franchises, marketplaces, retailers, retail brands and suppliers equally well.”
Over the past decade, the entire retail experience has been rewired. Today’s retailer lives in a hyper-connected, always-on, mobile, social and content-driven world. But while there have been incredible advancements in the way that customers shop, the demands are outpacing many retailers’ ability to deliver. The antiquated world of spreadsheets, meetings and slow-moving supplier logistics needs to change to keep up with the way people live: digitally, socially and always-on.
Bamboo Rose is making it easy for retailers to make this change into the digital world, transforming the way retailers shop and buy. The company streamlines the product development process into a simple discover, develop and deliver workflow using a single collaborative platform, — making it easier and faster to bring on-trend products to market at the right price.
“Retailers have invested heavily in the consumer experience to engage today’s savvy, social, mobile shopper, but so many are still stuck in archaic operations and processes when it comes to bringing trends and products to market,” said Sue Welch, CEO of Bamboo Rose. “If companies want to be competitive, the back-end of the industry needs to cross that digital chasm and bring the consumer lifestyle to the design-to-delivery process. The IDC MarketScape indicates Bamboo Rose is a leader in this change.”
Bamboo Rose’s key differentiators, noted from the IDC MarketScape, include:
- Materials suppliers are all consolidated into one place, and end users (retailers) report saving upward of 75 percent of the time it originally took them to identify key suppliers and narrow down their product, material and component selections,
- Bamboo Rose is the only vendor that serves retailers, retail brands, franchisees, marketplaces, and suppliers equally well.
About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.
About Bamboo Rose
Bamboo Rose is the only B2B marketplace powered by proven trade engines for product and supply chain management, enabling the retailers and suppliers to collaboratively and continuously discover, develop, and deliver ideas and products to diverse markets around the world. Bamboo Rose is headquartered in Gloucester, Massachusetts, with offices in Atlanta, Boston, London, Bangalore, and Hong Kong. Bamboo Rose serves over 80 major retailers, 400 brands, 35,000 suppliers and 150,000 user members. Visit us on the Web at bamboorose.com to find out why companies like American Eagle, Adidas, Belk, Boots, Carhartt, Debenhams, Family Dollar, GPC, Home Retail Group, Kaufland, Kohl’s, Lowe’s, The Gap, Inc., ShopRite, and Walgreens have chosen Bamboo Rose. Or visit us on LinkedIn, Facebook, YouTube and Twitter.