Late last week, supply chain planning suite provider Logility announced that it had acquired privately-held retail industry focused allocation and merchandise planning software provider MID Retail. The amount was undisclosed.
MIR Retail technology is directed at helping retailers synchronize merchandise financial objectives of inventory and margin with specific retail location to boost in-stock performance and profitability. The software includes inventory allocation and merchandise planning functionality support and the acquired entity includes named customers that include Abercrombie & Fitch, Big Lots, Bon-Ton, Orvis, Tuesday Morning and Urban Outfitters, among others.
According to the announcement, MIR Retail’s offerings will be integrated into and rebranded under the Legality’s existing Voyager Retail Optimization product suite, available as either a stand-alone deployment or as part of a broader supply chain initiative.
From our Supply Chain Matters lens, this acquisition appears to be a move by Logility to strengthen specific retail industry focused technology offerings and specifically position the company to be able to offer online and brick-and-mortar retailer customers the ability to support a consistent Omni-channel customer experience that can span a broader span of supply chain planning and execution capabilities. We also view this announcement as an effort by Logility to offer a competitive offering to JDA Software in retail industry support.