Independent stockist of stylish fashion handbags and accessories Ollie & Nic plans nine new stores with retail system
Independent stockist of stylish fashion handbags and accessories Ollie & Nic plans nine new stores with retail system
Ollie & Nic, independent retailer of designer handbags and accessories, is supporting its planned expansion of nine new stores across the UK with its investment in Eurostop’s retail solution.
The company originally installed Eurostop’s e-rmis retail management system and e-pos till system in its flagship store in Brighton, selling stylish and unusual designer handbags, jewellery and accessories. The company uses the Eurostop system for stock management and sales and stock reporting.
The buying and merchandising team at Ollie & Nic have visibility of sales from all its stores. The team uses the figures for stock planning and forecasting, as well as reviewing how new seasonal lines are selling to identify hot sellers and popular lines in the new Collections
Nick Hill, director at Ollie & Nic, said: “We have seen fantastic growth in the last few years, despite the current retail climate. In the early days we had ambitious plans and realised it was important to invest in reliable back office systems to support our business.
Accommodating channel and estate growth
“We have four new stores opening this summer and a further five planned by the end of the year, as well as a catalogue launch planned later this spring. Without robust and accurate stock management and sales reporting from Eurostop’s solution we could not support such growth.”
Ollie & Nic also plans to integrate its online store with the retail management system in the future and to use the customer loyalty features in stores.
Phillip Moylan, sales and marketing manager at Eurostop Systems, said: “Ollie & Nic has built a strong brand and customer loyalty through their early wholesale operations. Investing in the early years in a retail solution that supports back office functions has enabled the company to build on its success and expand into the retail market with its new stores. Accurate stock management and merchandising has enabled it to have tight controls on turnover of stock and margin, helping to ensure that its business continues to be profitable.”
