Technology

Teddy Group Selects Centric Market Intelligence to Power Market Expansion with Competitor Benchmarking and Data-Driven Decision-Making

Published

1 year ago

May 14, 2025

Italian fashion retail leader boosts localization of retail and e-commerce strategy with AI-powered competitive pricing and trend insights

CAMPBELL, Calif., May 14, 2025 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce that Teddy Group has selected Centric Market Intelligence™ to underpin data-driven decisions across product planning and competitive pricing to boost its market positioning for flagship brand, Terranova. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, footwear, outdoor, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

With Centric Market Intelligence, we will be able to quickly compare seasonal trends and pricing strategies, helping us make smarter buying and pricing decisions.

Founded in 1961, Teddy S.p.A Group has grown from a small local store in Rimini, Italy, into a global fashion retail powerhouse. Terranova, launched in 1988, represents one of the group’s flagship brands with over 500 stores in 37 markets, offering contemporary fashion for men, women and children. Today, the brand operates through multiple channels, including retail stores, 13 direct e-commerce markets and a growing marketplace presence.

The integration of Centric Market Intelligence to Terranova’s pricing and planning processes, will empower the brand to define more precise starting prices and markdown strategies per market and per channel.

“One of the most valuable insights we expect from Centric is understanding product velocity—what sells out first and why. This will guide our pricing, assortment and replenishment strategies, making our e-commerce and marketplace approach more efficient and competitive.”

The implementation of Centric Market Intelligence comes at a pivotal time for the Teddy Group’s digital transformation and marketplace expansion. With aims to consolidate its presence in local markets with a structured marketplace and logistics expansion plan, the Teddy Group sought a solution to the lack of real-time market insights and manual approach taken to forecasting and analysis across the product development, pricing and marketing processes.

“We needed a better understanding of how to approach each different market with a different strategy,” says Filippo Cisterni, eCommerce Manager at the Teddy Group. “At Teddy Group, we are driven by data in every single team – it is key for us in every aspect of our strategy. With Centric Market Intelligence, we will now have real-time insights on competitors and market trends.”

To maximize their market impact, Terranova requires in-depth, real-time insights to benchmark competitor assortments and pricing strategies across each marketplace to optimize the brand’s relevancy and market penetration. This visibility will guide Terranova’s decisions about how to localize their product offering with competitive initial price points and markdown strategies for each market. Prior to Centric Market Intelligence, competitor analysis was done manually via spreadsheets or through one-time reports from third-party vendors, which lacked live updates and historical trend visibility.

“[Previously], our marketplace manager would spend up to 8 hours per channel manually selecting product listings for each marketplace, cross-referencing data in spreadsheets to determine the best assortment and pricing strategy every season,” explains Cisterni, “With Centric Market Intelligence, we will be able to quickly compare seasonal trends and pricing strategies, helping us make smarter buying and pricing decisions.”

While initial implementation focuses on the Terranova brand, successful adoption will lead to expansion across other Teddy Group brands in the near future.

“One of the key points in evaluating Centric over other solutions was the ease of comparison. It will give us clear, actionable insights into how the market is evolving season by season and how our competitors apply their strategies. Other tools we used in the past provided trend insights, but they lacked the depth of analysis we needed—Centric will allow us to make data-driven decisions with a level of precision we didn’t have before,” concludes Cisterni.

“Retailers today need rapid access to market intelligence to make strategic decisions and stay competitive. Teddy Group’s data-driven partnership with Centric Market Intelligence delivers a competitive advantage that is necessary for retail expansion. Manual processes are being transformed into actionable insights across pricing optimization, merchandising decisions and marketplace growth across multiple regions,” says Chris Groves, CEO of Centric Software.

Learn more about Centric Software

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Teddy S.p.A. Group (http://www.teddy.it/en)

Teddy Group is an Italian fashion company with a big dream: to offer more than just clothes, sharing a world to belong to. Through the brands Terranova, Rinascimento, Calliope and QB24, it wants to dress the world with beauty, welcome, promoting personal fulfillment, serving customers in 79 markets, thanks to an omnichannel distribution that includes online, directly managed or franchised single-brand stores and wholesale distribution.

In 2023, the Group achieved a turnover of 672.5 million euros and retail revenues of 1.115 billion euros, with 841 stores and 3,464 employees.

Media Contact

Celia Newhouse, Centric Software, +14385015498, cnewhouse@centricsoftware.com, www.centricsoftware.com

View original content to download multimedia:https://www.prweb.com/releases/teddy-group-selects-centric-market-intelligence-to-power-market-expansion-with-competitor-benchmarking-and-data-driven-decision-making-302454866.html

SOURCE Centric Software

Technology

Alcott HR Appoints Michael Pascucci as Director of Strategic Projects

Published

14 seconds ago

June 20, 2026

FARMINGDALE, N.Y., June 19, 2026 /PRNewswire/ — Alcott HR announces Michael Pascucci as Director of Strategic Projects. Michael brings over ten years of experience in HR operations and project management.

Before joining Alcott HR, he held senior roles leading technology upgrades and launching new employee benefits programs. This experience supports Alcott’s initiatives, helping the company grow while putting clients first.

As Director, Michael drives operational excellence at Alcott HR by leading strategic projects. He maintains processes to ensure Alcott stays flexible and personalized during growth. Michael focuses on projects that further enhance client support.

Improving Data Accuracy: Michael connects Alcott’s main systems with partners. Automating these connections streamlines onboarding and enrollment, ensuring benefits and payroll are accurate and secure. This gives clients confidence their information is in good hands.

Creating a Seamless Client Experience: Michael is improving how Alcott manages projects and client renewals. With consistency in these processes, Alcott delivers a seamless, dependable experience, especially during year-end reporting and enrollment.

Building for Growth: By replacing manual tasks with digital solutions, Michael helps Alcott grow with its clients. This allows the team to focus on building relationships and offering expert HR guidance to help clients achieve their goals.

“Michael doesn’t just manage projects, he builds systems that help our team excel,” said Kristen Bartolotta, Sr. Director of Operations at Alcott HR. “His ability to transform complex processes into streamlined solutions has improved our efficiency and enhanced our client service.”

“Working with the talented Alcott team has been a great experience,” said Michael Pascucci. “I’m excited to continue working across departments to improve our processes, boost efficiency, and help the company keep growing.”

Through these efforts, Michael helps Alcott deliver even greater value to clients by driving innovation, strengthening relationships, and ensuring every organization can reach its potential.

About Alcott HR: Alcott HR is an IRS Certified* and ESAC Accredited, Professional Employer Organization that provides a comprehensive range of human resources solutions to small and mid-sized businesses. With nearly four decades of experience, Alcott HR offers customized services that allow businesses to manage their workforce more effectively while staying compliant with state and federal regulations. Their services include payroll, benefits, risk management, and HR support, designed to help businesses grow and succeed.

The IRS does not endorse any particular certified professional employer organization.

Media Contact:
Sarah Zulawski
Marketing Specialist
szulawski@alcotthr.com
(716) 241-8893

View original content to download multimedia:https://www.prnewswire.com/news-releases/alcott-hr-appoints-michael-pascucci-as-director-of-strategic-projects-302805721.html

SOURCE Alcott HR

Technology

Alcott HR Appoints Michael Pascucci as Director of Strategic Projects

Published

14 seconds ago

June 20, 2026

Through these efforts, Michael helps Alcott deliver even greater value to clients by driving innovation, strengthening relationships, and ensuring every organization can reach its potential.

The IRS does not endorse any particular certified professional employer organization.

Media Contact:
Sarah Zulawski
Marketing Specialist
szulawski@alcotthr.com
(716) 241-8893

View original content to download multimedia:https://www.prnewswire.com/news-releases/alcott-hr-appoints-michael-pascucci-as-director-of-strategic-projects-302805721.html

SOURCE Alcott HR

Technology

Vaultzy and Miracle University Pilot Demonstrates AI-Powered Document Management for Students. Expansion Planned for California Foster Youth Programs

Published

1 hour ago

June 19, 2026

A successful student pilot demonstrates how secure digital records and AI guidance can help them access education, employment, housing, and life opportunities

SACRAMENTO, Calif., June 19, 2026 /PRNewswire-PRWeb/ — Vaultzy, an AI-powered document management and life assistant platform, today announced the successful completion of a pilot with Miracle University, demonstrating how secure digital records and intelligent guidance can help students overcome barriers to education, employment, and economic mobility.

California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

For many students, particularly those facing economic hardship or life disruptions, lost identification, unavailable transcripts, and scattered paperwork can delay enrollment, employment, housing applications, financial aid, and access to public services. Vaultzy was created to address this challenge by providing a secure, user-controlled platform for lifelong document management.

Beyond document storage, Vaultzy recently launched the first version of its AI-powered Life Agent. The platform allows users to interact with their personal records and receive guidance related to major life transitions. By understanding what documents a user has available, the Life Agent can help identify requirements and next steps for education, employment, healthcare, government services, financial planning, and other important milestones.

The pilot was conducted in partnership with Miracle University, a Sacramento-based nonprofit organization dedicated to helping students who have left the traditional education system earn their high school diplomas and achieve academic and career success. The initiative focused on helping students digitize, organize, and securely manage their most important records while introducing them to emerging technologies that can support their long-term success.

“Our mission is to help students overcome barriers and unlock their full potential,” said Dr. Kadhir Raja, Founder of Miracle University. “Students need access to their documents, confidence in managing important life transitions, and guidance on what comes next. Vaultzy helps bring all of these together, empowering students to navigate education, employment, housing, and other life opportunities with greater confidence and independence.”

The pilot demonstrated the importance of giving individuals lifelong access to trusted records while providing the tools and guidance needed to use them effectively. As California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

Looking ahead, Vaultzy plans to continue expanding its AI-powered capabilities. “We envision a future where every individual has a trusted AI companion that not only safeguards their records but also helps guide them through life’s most important transitions,” said Avanti Ramraj, Co-Founder and Chief Product Officer of Vaultzy.

The success of the Miracle University pilot is helping inform broader discussions with educational institutions, nonprofit organizations, financial institutions, and public-sector leaders interested in modernizing how individuals manage and access trusted records while receiving guidance through important life transitions. One of the most promising opportunities is the potential application of Vaultzy within programs serving foster youth, seniors, and other underserved populations.

About Vaultzy

Vaultzy is an AI-powered document management and life assistant platform that helps individuals securely store, manage, and share important records throughout their lives. Combining secure document management, document intelligence, multilingual assistance, and agentic AI capabilities, Vaultzy is building the infrastructure for lifelong document ownership and trusted digital identity.

About Miracle University

Miracle University is a Sacramento-based nonprofit organization dedicated to helping students overcome educational barriers and achieve academic, personal, and professional success. Through mentorship, education, and community support, Miracle University equips students with the skills, confidence, and opportunities needed to transform their futures.

Media Contact
Anupriya Ramraj, Vaultzy, 1 510-255-0657, contact@vaultzy.ai, www.vaultzy.ai

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/vaultzy-and-miracle-university-pilot-demonstrates-ai-powered-document-management-for-students-expansion-planned-for-california-foster-youth-programs-302805103.html

SOURCE Vaultzy