Guess? (NYSE: GES ) has selected eBay's (NASDAQ: EBAY ) VendorNet to help it fulfill online sales from the best location across all channels -- whether through warehouses or brick-and-mortar stores. With VendorNet's product, StoreNet, Guess? will be able to offer store inventory to its online customers even if warehouses are out of stock. StoreNet also allows the company to sell-through clearance items and avoid marking down end-of-season merchandise.
"Guess? is embracing the retail paradigm of the future," stated Sharon Gardner, co-founder and general manager of VendorNet. "Our technology positions Guess? for rapid execution of its omnichannel fulfillment strategy and enhances the shopping experience for its customers. We're excited to bring both technology and time-to-market advantage to Guess? for near- and long-term growth."
Guess? will launch StoreNet in Q2 2013. When StoreNet is fully rolled out, more than 500 U.S.-based stores will be ship-from-store enabled.