SaySo: Revolutionizing Retail Clearance with Innovative Solutions
March 14, 2025, 5:50 am
Location: Canada, Montreal (06), Montreal
Employees: 201-500
Founded date: 2008
Total raised: $160M
In the fast-paced world of retail, inventory management is akin to walking a tightrope. Too much unsold stock can topple a business, while too little can leave customers wanting. Enter SaySo, a New York City-based startup that has emerged as a beacon of hope for retailers grappling with excess inventory. With a fresh infusion of $4 million in seed funding, SaySo is poised to transform clearance sales from a necessary evil into a strategic advantage.
SaySo launched from stealth mode in late 2024, quickly catching the attention of investors and retailers alike. The funding round was led by UP.Partners, a venture capital firm known for its focus on mobility and retail innovation. This financial backing will enable SaySo to expand its operations and reach, helping more retailers navigate the murky waters of clearance inventory.
Retailers have long faced the dilemma of rising return rates and stagnant sales. Unsold stock accumulates like autumn leaves, cluttering warehouses and distribution centers. The costs associated with this lingering inventory can eat into profits, leaving retailers scrambling for solutions. SaySo offers a lifeline. Founded by David Olk, a former co-founder of the cloud-based POS system ShopKeep, SaySo is designed to tackle these challenges head-on.
The platform is not just another clearance solution; it’s a game-changer. SaySo collaborates with retailers to create co-branded, interactive shopping experiences. Imagine a world where clearance items are not just marked down but gamified. SaySo’s unique pricing model allows shoppers to “name their price” as item prices gradually drop over time. This approach injects excitement into the shopping experience, encouraging engagement and urgency. It’s like turning a mundane chore into a thrilling game.
One of SaySo’s standout partnerships is with The Dufresne Group, the largest licensee of Ashley Furniture in Canada. Faced with the challenge of managing clearance inventory profitably, The Dufresne Group turned to SaySo for help. Together, they launched a sleek, co-branded clearance storefront called Ashley x Descend. This innovative approach not only streamlined clearance operations but also reduced transportation expenses by 20%. Customers responded positively, with 75% expressing a desire to return to the new shopping experience.
The beauty of SaySo lies in its ability to eliminate the costly logistics typically associated with clearance sales. By allowing retailers to sell excess inventory directly from their warehouses, SaySo cuts out the middleman. This not only saves money but also enhances operational efficiency. Retailers can offload clearance items without sacrificing margins, turning what was once a burden into a profit-driven opportunity.
The insights gained from each transaction are invaluable. SaySo captures pricing data that helps retailers refine their future pricing strategies. It’s like having a crystal ball that reveals what customers are willing to pay. This data-driven approach empowers retailers to optimize their margins and make informed decisions about inventory management.
As SaySo looks to the future, the potential for growth is immense. The retail landscape is constantly evolving, and the need for innovative solutions is more pressing than ever. With its unique technology stack and gamified pricing model, SaySo is well-positioned to lead the charge in transforming how retailers approach clearance sales.
The company’s vision extends beyond just helping retailers clear out inventory. It aims to create a seamless shopping experience that fosters brand loyalty and drives sales. By focusing on customer engagement, SaySo is not just selling products; it’s building relationships. This approach aligns with the growing trend of personalized shopping experiences, where customers expect more than just transactions.
In a world where consumers are bombarded with choices, SaySo’s interactive platform stands out. It’s not just about discounts; it’s about creating a narrative around clearance items. Retailers can tell a story that resonates with customers, turning clearance into a compelling reason to shop.
As SaySo embarks on this journey, the implications for the retail industry are profound. The traditional methods of clearance sales are being challenged, and innovative solutions are taking center stage. SaySo is not just another player in the game; it’s redefining the rules.
In conclusion, SaySo’s innovative approach to clearance sales is a breath of fresh air in the retail industry. With its recent funding and strategic partnerships, the company is set to revolutionize how retailers manage excess inventory. By turning clearance into a dynamic, engaging experience, SaySo is not just helping retailers offload stock; it’s empowering them to thrive in a competitive landscape. The future of retail clearance is bright, and SaySo is leading the way.
SaySo launched from stealth mode in late 2024, quickly catching the attention of investors and retailers alike. The funding round was led by UP.Partners, a venture capital firm known for its focus on mobility and retail innovation. This financial backing will enable SaySo to expand its operations and reach, helping more retailers navigate the murky waters of clearance inventory.
Retailers have long faced the dilemma of rising return rates and stagnant sales. Unsold stock accumulates like autumn leaves, cluttering warehouses and distribution centers. The costs associated with this lingering inventory can eat into profits, leaving retailers scrambling for solutions. SaySo offers a lifeline. Founded by David Olk, a former co-founder of the cloud-based POS system ShopKeep, SaySo is designed to tackle these challenges head-on.
The platform is not just another clearance solution; it’s a game-changer. SaySo collaborates with retailers to create co-branded, interactive shopping experiences. Imagine a world where clearance items are not just marked down but gamified. SaySo’s unique pricing model allows shoppers to “name their price” as item prices gradually drop over time. This approach injects excitement into the shopping experience, encouraging engagement and urgency. It’s like turning a mundane chore into a thrilling game.
One of SaySo’s standout partnerships is with The Dufresne Group, the largest licensee of Ashley Furniture in Canada. Faced with the challenge of managing clearance inventory profitably, The Dufresne Group turned to SaySo for help. Together, they launched a sleek, co-branded clearance storefront called Ashley x Descend. This innovative approach not only streamlined clearance operations but also reduced transportation expenses by 20%. Customers responded positively, with 75% expressing a desire to return to the new shopping experience.
The beauty of SaySo lies in its ability to eliminate the costly logistics typically associated with clearance sales. By allowing retailers to sell excess inventory directly from their warehouses, SaySo cuts out the middleman. This not only saves money but also enhances operational efficiency. Retailers can offload clearance items without sacrificing margins, turning what was once a burden into a profit-driven opportunity.
The insights gained from each transaction are invaluable. SaySo captures pricing data that helps retailers refine their future pricing strategies. It’s like having a crystal ball that reveals what customers are willing to pay. This data-driven approach empowers retailers to optimize their margins and make informed decisions about inventory management.
As SaySo looks to the future, the potential for growth is immense. The retail landscape is constantly evolving, and the need for innovative solutions is more pressing than ever. With its unique technology stack and gamified pricing model, SaySo is well-positioned to lead the charge in transforming how retailers approach clearance sales.
The company’s vision extends beyond just helping retailers clear out inventory. It aims to create a seamless shopping experience that fosters brand loyalty and drives sales. By focusing on customer engagement, SaySo is not just selling products; it’s building relationships. This approach aligns with the growing trend of personalized shopping experiences, where customers expect more than just transactions.
In a world where consumers are bombarded with choices, SaySo’s interactive platform stands out. It’s not just about discounts; it’s about creating a narrative around clearance items. Retailers can tell a story that resonates with customers, turning clearance into a compelling reason to shop.
As SaySo embarks on this journey, the implications for the retail industry are profound. The traditional methods of clearance sales are being challenged, and innovative solutions are taking center stage. SaySo is not just another player in the game; it’s redefining the rules.
In conclusion, SaySo’s innovative approach to clearance sales is a breath of fresh air in the retail industry. With its recent funding and strategic partnerships, the company is set to revolutionize how retailers manage excess inventory. By turning clearance into a dynamic, engaging experience, SaySo is not just helping retailers offload stock; it’s empowering them to thrive in a competitive landscape. The future of retail clearance is bright, and SaySo is leading the way.