Stork expands leadership team to scale AI-powered digital warehouse for luxury goods [Yahoo! Finance]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: Yahoo! Finance
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Stork , the AI-powered digital warehouse reinventing luxury ecommerce, today announced the appointment of the company's first Chief Merchandising Officer. This strategic addition to Stork's leadership team comes on the heels of tremendous company growth. Stork reached $10 million in first-year sales, and has seen growth of 450% YoY since, bolstered by strategic partnerships with 32 major luxury retailers across the globe, including in the U.S., UK, Europe and China. Stork's success comes at a crucial time for the luxury goods sector, when widely-reported declines in designer sales have resulted in mounting excess inventory worldwide. Stork is right-sizing the luxury market through its intelligent platform that connects a global supply of luxury goods to digital sellers worldwide. Stork's proprietary AI predicts demand, determines dynamic pricing, and automatically links the right supply with the right seller at the right time – while elim
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