High-Tech Deal For High-Fashion Site - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

High-Tech Deal For High-Fashion Site

High fashion went high tech Monday, as 7thOnline.com signed a deal to add EDI-based electronic payments to its roster of services for the fashion industry.

Gearing up for its first big fashion-buying season, 7thOnline said Monday that an alliance with G,E Global Exchange Services will let fashion designers and buyers exchange documents and payments electronically, using GE's catalog system and electronic data interchange network.

7thOnline is designed to augment the traditional fashion show by letting buyers review what they saw and estimate not just how all the merchandise will look together, but how much it will cost, says CEO Max Ma. The centralized catalog will allow suppliers to price and reprice goods at a single location, where buyers can finalize the purchase order and complete their transactions. Saks Inc. has already signed up as the beta customer.

Partnering with the most prominent EDI provider is a tremendous advantage in helping customers reduce costs, Ma says. And 7thOnline's roster of high-fashion insiders, including investors such as the former heads of A&S, Burdine's, and Neimann Marcus, will give GE Global Exchange Services entr?e to the higher end of the fashion industry, a strata that high technology has yet to penetrate. "GE is predominantly in lower-tier department stores such as Target and J.C. Penney," Ma says.

GE's solution will use XML translations to bring the EDI payment system, heretofore affordable only by high-volume customers, to a wider base, says Bob Brooks, GE's general manager of retail solutions. "The whole idea is to take EDI to an Internet-based form and a private-network-based form that allows the small guy who can't afford the integration to play in the game," he says. "The small guy can play with nothing but a browser, the medium-size company can play using our integration capabilities, and large players can take advantage of the existing infrastructure they already have."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Commentary
Is Cloud Migration a Path to Carbon Footprint Reduction?
Joao-Pierre S. Ruth, Senior Writer,  10/5/2020
News
IT Spending, Priorities, Projects: What's Ahead in 2021
Jessica Davis, Senior Editor, Enterprise Apps,  10/2/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll