Kering is equipping sales assistants with new software and using artificial intelligence to better allocate stocks in the hopes that digital tools can keep up rapid growth at brands including the red-hot Gucci label.
Gucci is targeting growth twice as fast as the luxury sector this year, and has said it expects online sales to reach 10 percent midterm. Kering Digital Director Gregory Boutte said Gucci will be the group’s first brand to use artificial intelligence to decide where to send new products, starting with its European handbag business next month.
A new AI tool could eventually improve the accuracy of sales forecasts across the group by as much as 20 percent.