How an iconic cosmetics retailer is reinventing itself as a lean and agile omni-channel innovator with a cost-effective, best-in-class integrated solution from Retail Express & NetSuite.
By adopting Retail Express & NetSuite, Napoleon Perdis have:
Loved by millions, Napoleon Perdis has been at the forefront of sophisticated, prestige beauty and makeup retail and education for over 25 years.
However, in 2019 the iconic brand went into voluntary administration and needed a saviour to turn it around.
In stepped cross-border retail investor Livia Wang and retail heavyweight Henry Lee, who have made fast progress of reinventing the business for omni-channel success.
“When we acquired the business, we were very aware that we needed to quickly introduce a wide range of new practices to deliver the next level of customer experience and to optimise operating efficiency” says Henry Lee – Chief Executive Officer.
“However, our legacy systems were holding us back. We lacked the visibility and transparency to make informed decisions because our data was held in a number of disparate systems. None of these systems were talking to each other effectively and moreover, data transfers – particularly between our stores and HQ – was not in real-time. And because these systems were not cloud-based we had to maintain all the infrastructure ourselves” Henry says.
With the latest data not being available across the business this caused challenges for managing inventory. Large wholesale orders were being placed with the warehouse for distribution to stockists, but the business’ own concept stores wouldn’t see these latest changes in stock levels.
“A lot of our processes were extremely manual because our systems only had limited features out of the box. To reconfigure the system, it would take us weeks or months per improvement and with the amount of changes we were looking to make to the business we just did not have that kind of time to play with.” Says Henry.
“The costs and inefficiencies of our legacy systems were simply too high. We quickly decided if we want to reinvent the business to be best-in-class for our customers and save time and money, we needed to transform our systems” he continued.
Napoleon Perdis started to look at a range of cloud-based solutions to help them to quickly and cost-effectively implement their business reinvention strategy.
The Fastest & Most Cost-Effective Path to Lean, Agile Best Practice.
In order to manage its manufacturing, warehousing, wholesale and accounting processes Napoleon Perdis selected NetSuite as its ERP system. They then started to look at a range of cloud-based retail management software to compliment and integrate with NetSuite to manage their bricks and mortar and online store operational processes. However, they found many of these systems were lacking key features to deliver a best-in-class customer experience.
“We reviewed a lot of POS systems in the market. But most did not adequately cater for multi-store environments and had locked down their systems which made integrations to other systems difficult. In order to integrate with NetSuite and other key systems we already had put in place we would have to rely on APIs which would take us time to develop. Custom building those integrations and the missing features that we needed would actually cost us a lot more money than the price quoted on their website” says Ian Loo – IT Operations Manager.
The integration between Retail Express and NetSuite developed by NetSuite ERP Partner Annexa provided Napoleon Perdis with an affordable means to access a best-of-breed enterprise-grade retail management solution:
“Retail Express and NetSuite presented the most cash-flow friendly, cost-effective way for us to get all the functionality we will need out-of-the box. Rather than spending time on configuring and maintaining IT systems, we can just focus on implementing retail best practices. Our old systems were like steering a cruise ship with a paddle. Now we’ve got a speedboat and are agile enough to wade through the vast waters of retail – and this has all come at a lower total cost of ownership than our old systems” Ian said.
The executive team at Napoleon Perdis are laser focused on introducing the latest omni-channel practices that shoppers now demand.
“With the Retail Express & Shopify integration we will be able to meet and exceed customer expectations wherever they interact with us. With our online and physical stores working from one platform this will open the possibility of same day home delivery by fulfilling online sales from nearby stores. Rather than having a warehouse in each state we can leverage our stores as part of our fulfilment strategy.” Says Ian
“We will also be looking to leverage Click & Collect and live Stock In Store features via our online channel. The ability to adapt our business model to shifting consumer preferences both online and in-store is going to be critical to our long-term success and Retail Express places us in that position” he continued.
“We will be in a position to really start building mutually valuable long-term relationships with our existing customers. We will be able to offer a more personalised and seamless experience whether customers are in-store and/or online. Personalised, relevant offers for our customers means we can drive repeat sales and maximise return on acquisition. A focus on existing customers is fundamental to our long-term success” says Ian.
Cut down on the duplicate work and meet your customers wherever they are. Reduce lost sales and increase your margins with Retail Express.