Manhattan Associates, Inc. (NASDAQ: MANH) develops supply chain management software. The company will become a supplier for the global C&A brand. This is a significant achievement for Manhattan and may attract some new big customers.
Retailer C&A is present in 21 countries and has a network of more than 2,000 stores. It is a large brand that provides clothing for the whole family. There are millions of people who are familiar with it. C&A has chosen Manhattan Active to manage five logistics centers in Brazil. This is a major new regional distribution center from C&A that was launched in 2021. From 2022, it will manage supply in the region using Manhattan solutions.
Online sales at C&A grew by 300% in 2020, and many shoppers continue to shop online despite having physical stores nearby. The fact that C&A selected Manhattan’s solution is a good sign for the software company’s investors. Manhattan cloud platform offers many benefits, including being quick to deploy, not requiring constant updates, and using a wide range of microservices that can be tailored for a specific business purpose.
Manhattan is used by businesses looking to digitally transform their logistics quickly. In this segment, demand increased during the COVID-19 period.
On July 29, Manhattan Associates, Inc.’s (MANH) stock price remained at $160.91. The market capitalization arrived at $10.05 billion.MANH’s stock has gained 9.93% of its value in the previous five sessions and 9.96% over the past month but has gained 52.99% on a year-to-date basis.