Five Below taps Invent.ai platform for forecasting, inventory optimisation and replenishment
Invent.ai has been selected by US retailer Five Below to optimise demand forecasting and replenishment through AI driven technology.
Five Below currently operates over 1,800 stores in the United States. It needed an inventory optimisation solution that could account for its diverse product categories and objectives, and opted for invent.ai’s retail planning suite.
“Invent.ai has been a game-changer for our operations, helping streamline replenishment processes across a wide range of product categories and a large store network,” says Graham Poliner, Chief Strategy and Analytics Officer at Five Below.
“We expect invent.ai’s algorithms to continue to help us optimise inventory levels, reduce stockouts and overstocking while ensuring that each location has the right products at the right time. The invent.ai team has been an exceptional partner, working closely with Five Below to tailor the capabilities to our unique needs.”
— Five Below (@fivebelow) March 28, 2025
The pair implemented a pilot over three months across several categories and subsequently expanded to all categories of the business. The partnership will continue beyond implementation through invent.ai’s “Hub Model.” Five Below will now work with a dedicated team of its experts on an ongoing basis to identify opportunities on the platform.
“AI is completely reshaping how the retail industry approaches inventory management, and early adopters will be well positioned for financial success. We’re excited to partner with innovative retailers, like Five Below, and help them leverage our platform to drive profitable growth for years to come,” says Gurhan Kok, Founder and CEO at invent.ai.
RTIH AI in Retail Awards
RTIH, organiser of the industry leading RTIH Innovation Awards, proudly brings you the first edition of the RTIH AI in Retail Awards, which is now open for entries.
As we witness a digital transformation revolution across all channels, AI tools are reshaping the omnichannel game, from personalising customer experiences to optimising inventory, uncovering insights into consumer behaviour, and enhancing the human element of retailers' businesses.
With 2025 set to be the year when AI and especially gen AI shake off the ‘heavily hyped’ tag and become embedded in retail business processes, our newly launched awards celebrate global technology innovation in a fast moving omnichannel world and the resulting benefits for retailers, shoppers and employees.
Our 2025 winners will be those companies who not only recognise the potential of AI, but also make it usable in everyday work - resulting in more efficiency and innovation in all areas.
Winners will be announced at an evening event at The Barbican in Central London on Wednesday, 3rd September.
This will kick off with a drinks reception in the stunning Conservatory, followed by a three course meal, and awards ceremony in the Garden Room.
Please email our Editor, Scott Thompson, if you have any questions or need further information: scott.thompson@retailtechinnovationhub.com
Key 2025 dates
Friday, 18th July: Award entry deadline
Tuesday, 22nd July: 2025 finalists revealed
Wednesday, 23rd July - Friday, 8th August: Judging days
Wednesday, 3rd September: Winners announced at the 2025 RTIH AI in Retail Awards Ceremony, to be held at The Barbican in Central London.
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