Perfect Moment Teams with Quiet Platforms to Establish Distribution Center in U.S.
Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, has partnered with Quiet Platforms to establish distribution and order fulfillment centers across the U.S. This move aims to meet growing global multichannel demand and improve margins. The company expects to lower fulfillment costs and enhance customer experience through localized U.S. fulfillment.
Key benefits include:
- Paying duties based on transfer prices instead of higher retail prices
- Reduced shipping costs
- Improved eCommerce margins in the second half of the fiscal year
- Enhanced shipping and returns processing
Perfect Moment (NYSE American: PMNT), un marchio di lusso specializzato in abbigliamento da sci e lifestyle, ha stretto una partnership con Quiet Platforms per istituire centri di distribuzione e gestione ordini negli Stati Uniti. Questa mossa mira a soddisfare la crescente domanda globale multicanale e a migliorare i margini. L'azienda si aspetta di ridurre i costi di evasione degli ordini e ottimizzare l'esperienza del cliente attraverso un sistema di evasione degli ordini localizzato negli Stati Uniti.
I principali vantaggi includono:
- Pagamento dei dazi basato sui prezzi di trasferimento anziché sui prezzi di vendita al dettaglio più alti
- Costi di spedizione ridotti
- Miglioramento dei margini eCommerce nella seconda metà dell'anno fiscale
- Processamento migliorato per spedizioni e resi
Perfect Moment (NYSE American: PMNT), una marca de lujo especializada en ropa de esquí y estilo de vida, se ha asociado con Quiet Platforms para establecer centros de distribución y cumplimiento de pedidos en los EE. UU. Este movimiento tiene como objetivo satisfacer la creciente demanda multicanal global y mejorar los márgenes. La compañía espera reducir los costos de cumplimiento y mejorar la experiencia del cliente a través de un cumplimiento localizado en EE. UU.
Los beneficios clave incluyen:
- Pago de aranceles basado en precios de transferencia en lugar de precios de venta al por menor más altos
- Costos de envío reducidos
- Mejora de los márgenes de comercio electrónico en la segunda mitad del año fiscal
- Procesamiento mejorado de envíos y devoluciones
퍼펙트 모먼트 (NYSE American: PMNT), 고급 스키웨어 및 라이프스타일 브랜드가, 조용한 플랫폼과 협력하여 미국 전역에 유통 및 주문 이행 센터를 설립했습니다. 이 움직임은 증가하는 글로벌 멀티채널 수요에 부응하고 마진을 개선하기 위해 계획되었습니다. 회사는 이행 비용을 낮추고 고객 경험을 향상시킬 것으로 기대하고 있습니다.
주요 혜택은 다음과 같습니다:
- 소매가보다 높은 이체 가격을 기준으로 관세를 지불
- 배송 비용 절감
- 회계 연도 하반기의 전자 상거래 마진 개선
- 배송 및 반품 처리 향상
Perfect Moment (NYSE American: PMNT), une marque de luxe spécialisée dans les vêtements de ski et le style de vie, a établi un partenariat avec Quiet Platforms pour créer des centres de distribution et de traitement des commandes aux États-Unis. Ce mouvement vise à répondre à la demande multicanal mondiale croissante et à améliorer les marges. L'entreprise s'attend à réduire les coûts de traitement et à améliorer l'expérience client grâce à une exécution localisée aux États-Unis.
Les avantages clés incluent:
- Paiement des droits de douane basé sur les prix de transfert au lieu de prix de détail plus élevés
- Coûts d'expédition réduits
- Amélioration des marges eCommerce au second semestre de l'exercice fiscal
- Amélioration du traitement des expéditions et des retours
Perfect Moment (NYSE American: PMNT), eine Luxusmarke für Skibekleidung und Lifestyle, hat sich mit Quiet Platforms zusammengetan, um Verteilungs- und Auftragserfüllungszentren in den USA einzurichten. Diese Maßnahme zielt darauf ab, der wachsenden globalen Multichannel-Nachfrage gerecht zu werden und die Margen zu verbessern. Das Unternehmen erwartet, die Erfüllungskosten zu senken und die Kundenerfahrung zu optimieren durch lokalisierte Erfüllung in den USA.
Wichtige Vorteile sind:
- Zahlung von Zöllen basierend auf Transferpreisen anstelle von höheren Einzelhandelspreisen
- Reduzierte Versandkosten
- Verbesserte eCommerce-Margen in der zweiten Hälfte des Geschäftsjahres
- Verbesserte Versand- und Rückgabeabwicklung
- Establishment of first U.S. distribution center to meet growing global demand
- Expected improvement in eCommerce margins due to lower duty and shipping costs
- U.S. sales reached nearly $10 million, over 40% of total net revenues in last fiscal year
- Implementation of AI-powered logistics solution for scalable operations
- Potential for increased customer engagement and sales through streamlined online experience
- Current costly import duties due to dispatching U.S. orders from the UK
The decision by Perfect Moment to establish a U.S. distribution center in partnership with Quiet Platforms is a strategic move that directly impacts their supply chain efficiency. By leveraging Quiet Platforms' AI-driven logistics solutions, Perfect Moment stands to significantly reduce shipping costs and import duties. This move will allow the company to pay duties based on transfer prices, which are generally lower than retail prices, leading to substantial cost savings. Additionally, localized fulfillment centers will improve delivery times and customer satisfaction, thereby enhancing the overall shopping experience. These improvements are expected to bolster Perfect Moment's eCommerce margin and drive higher engagement and sales in the U.S. market.
From a supply chain perspective, the use of AI to optimize logistics is a forward-thinking approach that can provide real-time data for better decision-making and agility. This could set a precedent for other luxury brands looking to optimize their supply chains in a post-pandemic world where eCommerce is rapidly growing.
Financially, this partnership is likely to have a profound impact on Perfect Moment's bottom line. U.S. sales already account for a substantial portion of their revenue—nearly $10 million, or more than 40% of total net revenues. By reducing costs associated with import duties and shipping, the company is poised to see better profit margins in the second half of the fiscal year. This is particularly significant as improved margins can lead to higher net income and potentially better earnings per share (EPS), which are critical metrics for stock market investors.
Moreover, the collaboration with Quiet Platforms could lead to scalable growth opportunities. Investors should note that effective supply chain management is important for sustaining growth, especially when expanding in a competitive market like the U.S. The predictability of per-order costs enabled by the Click2Door platform will allow for more accurate financial forecasting and budgeting, enhancing financial stability.
From a market expansion standpoint, this move is a calculated effort to capture a larger share of the U.S. luxury lifestyle and skiwear market. The U.S. market's existing contribution of more than 40% to Perfect Moment's total net revenues underscores its importance. By improving logistics and reducing fulfillment costs, the company can offer more competitive pricing and quicker delivery times, which are key factors for online shoppers.
This strategic partnership also opens the door for Perfect Moment to leverage Quiet Platforms' extensive network for future growth. The emphasis on an enhanced customer shopping experience, facilitated by AI-driven logistics, aligns well with the increasing consumer demand for fast and efficient service. As consumer expectations continue to evolve towards quicker and more reliable deliveries, Perfect Moment is positioning itself to meet these demands effectively.
Retail investors should see this as a positive move that aligns with current market trends and customer expectations, potentially leading to increased market share and long-term growth.
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Perfect Moment to open first distribution center outside
UK to help meet growing global multichannel demand and improve margins. -
Local
U.S. fulfillment center will improve customer shopping experience and lower fulfillment costs. - Quiet Platforms’ Click2Door AI-powered solution enables rapidly scalable logistics for Perfect Moment.
![Perfect Moment Teams with Quiet Platforms to Establish Distribution Center in U.S. (Graphic: Business Wire)](https://mms.businesswire.com/media/20240722738513/en/2191390/4/PMNT_and_Quiet_Platforms_Logos.jpg)
Perfect Moment Teams with Quiet Platforms to Establish Distribution Center in
Quiet Platforms streamlines supply chains for high-growth brands through its nationwide network of strategically located fulfillment centers and last-mile delivery solutions—all orchestrated by cutting-edge data science and AI.
Perfect Moment currently dispatches its
Perfect Moment expects to build upon its already rapidly expanding
“Partnering with a cutting-edge supply chain management leader like Quiet Platforms accelerates our ambitious plans for the U.S. market and growing our multichannel business,” noted Perfect Moment CEO, Mark Buckley. “We expect the lower duty and shipping costs to greatly improve our eCommerce margin in the second half of the fiscal year. Moreover, we see the streamlining of our online customer’s journey to stimulate greater engagement and sales.”
Perfect Moment will use Quiet Platforms’ Click2Door platform, an end-to-end fulfillment and delivery solution, to permit predictable per-order costs that encompass the entire order journey, including receiving and storage, pick and pack, and last mile delivery.
“At Quiet Platforms we go beyond logistics to empower high-growth brands to achieve their full potential,” stated Bill Besselman, Quiet Platforms’ SVP of Supply Chain Strategy. “We look forward to being a trusted partner invested in the long-term growth and success of Perfect Moment.”
About Quiet Platforms
For digital-first brands and retailers facing complex supply chain challenges, Quiet Platforms streamlines supply chains through a nationwide network of strategically located fulfillment centers and last-mile delivery solutions, all orchestrated by cutting-edge data science and AI. Trusted by over 30 globally renowned retailers, including American Eagle, Todd Snyder, Pehr and Tipsy Elves, we understand the need for efficiency and meeting the customer promise. For more information, visit quietplatforms.com.
About Perfect Moment
Founded in 1984 in the mountains of
Initially the vision of extreme sports filmmaker and professional skier Thierry Donard, the brand was built on a sense of adventure that has sustained for over 20 years. Donard, fueled by his personal experiences, was driven by a desire to create pieces that offered quality, style and performance, pushing the wearer in the pursuit of every athlete’s dream: to experience ‘The Perfect Moment.’
In 2010, British-Swiss entrepreneurial couple Jane and Max Gottschalk took ownership of the brand. Under Jane’s creative direction Perfect Moment was injected with a new style focus, one that reignited the spirit of the heritage brand, along with a commitment to improving fit, performance and the use of best-in-class functional materials. As such, the designs evolved into the distinct statement pieces synonymous with the brand as we know it today.
Today, the brand is available globally, online and via key retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges, Saks, Bergdorf Goodman and Neiman Marcus.
Learn more at www.perfectmoment.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722738513/en/
Company Contact
Jeff Clayborne, CFO
Perfect Moment
Tel +44 (0)204 558 8849
Email contact
Investor Contact
Ronald Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact
Source: Perfect Moment Ltd.
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