Media Contact: Brandon Lausch, 215-204-4115, firstname.lastname@example.org
The fashion industry may be at the dawn of a new era with the help of the Fox School’s Enterprise Management Consulting (EMC).
On July 16, Pickn’Tell launched its free mobile app through the Google Play Store and iPhone App Store. Intended for women ages 18 to 45, the Pickn’Tell app allows consumers to connect with friends and fashion experts, try out apparel and receive timely feedback, earn gift cards and coupons, and receive notification of sales.
While Pickn’Tell’s offering is exciting for aspiring fashionistas, it’s more so for retailers. The Pickn’Tell app is a consumer portal for a multi-facet analytics platform that allows brick-and-mortar apparel outlets to collect data on pre-sales actions and decisions. Until very recently, these outlets could only gather data after the point-of-sale. Important questions such as how long a customer took to make a decision and what garments a customer tried on prior to making a purchase could not be addressed. Now, Pickn’Tell can provide answers.
“For the retailer, [Pickn’Tell] provides the ability to bridge between the physical presence of the store and the virtual one,” said Pickn’Tell CEO Dalit Braun. “The shopping is prolonged out of the store, integrated into an m-commerce platform. It also provides the retailer the ability to build brand awareness in the social networks and collects useful aggregated information on consumers: what they tried on, what they liked, what they didn’t, etc.”
To encourage consumers to engage the platform, the company offers retailers the option to install the Pickn’Tell Interactive Mirror or Tablet. Positioned like a dressing mirror, this device interfaces with mobile devices and enables a consumer to take quality pictures or videos of themselves, share them online, and hear what their friends have to say. However, the Interactive Mirror or Tablet is not required for the Pickn’Tell platform to function.
“Research shows the shoppers crave feedback,” Braun said. “Pickn’Tell eliminates the pain-points of shopping alone and makes any shopping excursion social.”
Based in Israel, Pickn’Tell was established last year by Braun and Asaf Lewin, both veteran technology executives. Understanding the vital need for physical, real-world boutiques to integrate the experiences of mobile social networking, Braun and Lewin sought to provide a solution. In August 2011, Pickn’Tell approached EMC to develop a strategy and business plan for entering social media and fashion markets, attracting consumer-users, acquiring retail apparel clients, and pricing.
By conducting primary research with retail apparel outlets, mining analytical data, and studying recent trends with both mobile applications and the retail apparel industry, the EMC student team assigned to Pickn’Tell made several recommendations for long-term growth strategy, marketing and information management. Some recommendations—loyalty rewards and barcode scanning—are featured in Pickn’Tell’s second-generation app.
“We took the base of the recommendations and worked from them, adapting them to our understanding of the market,” Braun said. “The work done provided us with a good foresight to the value proposition and future strategy we have with our technology and that in the end our main focus will be in providing data.”
For the immediate future, Pickn’Tell will continue to promote its consumer app on its website and among fashion and mobile bloggers. In addition, the company will continue expanding its retail client base by targeting small independent boutiques in New York, Los Angeles and the Old City District in Philadelphia. The company is currently negotiating several contracts for placement of its Interactive Mirror or Tablet.
Enterprise Management Consulting (EMC) at Temple University’s Fox School of Business provides strategy consulting to clients in the private, public and social sectors. To learn more about EMC’s services, contact Becca Zinn at email@example.com.