SanMar Selects Coveo AI for Commerce to Transform its Digital Experience
SanMar customers trust the company to have just what they need, when they need it. With Coveo, there will now be even more routes to discover exact product matches with AI-search that dynamically adapts to user intent, factoring in behavioral and contextual data, as well as automated support for complex filtering and merchandising logic.
"Effective discovery is critical to our business," said Mike Knapick, Chief Information Officer at SanMar. "Coveo's AI-search expertise as well as the company's long-term partnership with SAP Commerce will allow us to rapidly transform our digital commerce experience. We will be able to deliver an enhanced user experience with powerful search, and recommendation capabilities to help increase customer satisfaction."
"With new products launching every year and a wide array of SKUs, SanMar offers organizations the ultimate flexibility when it comes to purchasing and customizing wholesale imprintable clothing and accessories," said Peter Curran, GM of Commerce at Coveo. "We expect that transforming the business-to-business buying experience for SanMar with generative search will be a showcase for how Coveo makes the promise of GenAI real for companies with large, diverse B2B audiences."
About SanMar
At SanMar Corporation, we do more than make and sell t-shirts. We build meaningful connections that elevate lives. As the leading supplier of wholesale imprintable clothing and accessories in the United States, our products, and the connections they create impact organizations, individuals, and the world we live in. It all started more than 50 years ago with a business philosophy that has held true since day one: Be Nice and Tell the Truth. Family owned and operated, SanMar is based in Issaquah, Washington, with nine distribution centers nationwide and apparel from more than 30 celebrated brands.
About Coveo
Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes.
Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person's journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.
Our Coveo AI-Relevance™ Platform enables enterprises to deliver hyper-personalization at every point-of-experience, unifying all their data securely, with the highest level of contextual and prescriptive accuracy while simultaneously optimizing business outcomes.
Coveo brings AI-Relevance to the digital experiences of many of the world's premier and most innovative brands, serving millions of people across billions of interactions.
What we believe is bold: Digital is everywhere, Relevance is not. It's the only way to win in the digital age.
The Coveo AI-Relevance Platform is ISO 27001 and ISO 27018 certified, SOC2 compliant, HIPAA compatible, with a 99.999% SLA available. We are a Salesforce ISV Partner, an SAP EndorsedⓇ App, AWS ISV Accelerate Program member, an Adobe Gold Partner, MACH Alliance member, Optimizely Partner, Shopify Partner, and a Genesys AppFoundryⓇ ISV Partner.Coveo is a trademark of Coveo Solutions Inc.
Coveo blog, and following Coveo on LinkedIn and YouTube.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"). This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "might", "will", "achieve", "occur", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", "continue", "target", "opportunity", "strategy", "scheduled", "outlook", "forecast", "projection", or "prospect", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. In addition, any statements that refer to expectations, intentions, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates, and projections regarding future events or circumstances.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 hours ago
- Cision Canada
IGM FINANCIAL INC. ANNOUNCES JUNE 2025 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS Français
WINNIPEG, MB, July 4, 2025 /CNW/ - IGM Financial Inc. (IGM) (TSX: IGM) today reported record high total assets under management and advisement of $283.9 billion at June 30, 2025, up 12.5% from $252.4 billion at June 30, 2024. Total consolidated net inflows were $330 million during June 2025. JUNE HIGHLIGHTS IGM Financial – Record high assets under management & advisement were $283.9 billion up from $278.8 billion in the prior month. Investment fund net sales were $283 million up from net redemptions of $509 million in June 2024. Total net inflows were $330 million up from net outflows of $534 million in June 2024. IG Wealth Management (IGWM) – Record high Assets under advisement were $146.7 billion up from $143.7 billion in the prior month. Investment fund net sales were $181 million up from net redemptions of $216 million in June 2024. Total net inflows were $245 million up from net inflows of $21 million in June 2024. Record high June 2025 gross inflows of $1.4 billion up from $1.2 billion in June 2024. Mackenzie Investments – Record high assets under management were $224.6 billion up from $221.0 billion in the prior month. Investment fund net sales were $102 million up from net redemptions of $293 million in June 2024. Total net sales of $85 million up from net redemptions of $555 million in June 2024. Table 2 – Assets under Management and Advisement ($ millions) (unaudited) June 2025 May 2025 % Change Last Month Wealth Management IG Wealth Management Assets under management 129,526 126,845 2.1 % Other assets under advisement 17,138 16,834 1.8 % Assets under advisement 146,664 143,679 2.1 % Asset management Mackenzie Investments Mutual funds 62,488 61,459 1.7 % ETFs 8,683 8,305 4.6 % Investment funds 71,171 69,764 2.0 % Institutional SMA 12,023 11,630 3.4 % Sub-advisory to Canada Life 54,031 53,741 0.5 % Total Institutional SMA 66,054 65,371 1.0 % Total third party assets under management 137,225 135,135 1.5 % Sub-advisory and AUM to Wealth Management 87,352 85,820 1.8 % Total 224,577 220,955 1.6 % ETF's distributed to third parties 8,683 8,305 4.6 % ETF's held within IGM managed products 10,046 9,761 2.9 % Total ETFs 18,729 18,066 3.7 % Total Assets under management 266,751 261,980 1.8 % Other assets under advisement 17,138 16,834 1.8 % Assets under management and advisement 283,889 278,814 1.8 % Table 3 – Average Assets under Management and Advisement ($ millions) (unaudited) Quarter to date 2025 Wealth Management IG Wealth Management Assets under management 124,484 Other assets under advisement 16,686 Assets under advisement (2) 141,170 Asset Management Mackenzie Investments Mutual funds 60,261 ETFs 8,104 Investment funds 68,365 Institutional SMA 11,649 Sub-advisory to Canada Life 52,661 Total Institutional SMA 64,310 Total third party assets under management 132,675 Sub-advisory and AUM to Wealth Management 85,248 Total 217,923 ETFs distributed to third parties 8,104 ETFs held within IGM managed products 9,445 Total ETFs 17,549 Total Assets under management 257,159 Other assets under advisement 16,686 Assets under management and advisement 273,845 1 Excludes sub-advisory to Canada Life and the Wealth Management segment. 2 The figures shown for IG Wealth Management assets under advisement reflect a daily average. For reference, the simple quarterly average based on month end values is $142,276 million. Glossary of Terms Assets Under Management and Advisement (AUM&A) represents the consolidated AUM and AUA of IGM Financial's core businesses IG Wealth Management and Mackenzie Investments. In the Wealth Management segment, AUM is a component part of AUA. All instances where the asset management segment is providing investment management services or distributing its products through the Wealth Management segment are eliminated in our reporting such that there is no double-counting of the same client savings held at IGM Financial's core businesses. AUM&A excludes Investment Planning Counsel's (IPC's) AUM, AUA, sales, redemptions and net flows which have been disclosed as Discontinued operations. Assets Under Advisement (AUA) are the key driver of the Wealth Management segment. AUA are savings and investment products held within client accounts of our Wealth Management segment core businesses. Assets Under Management (AUM) are the key driver of the Asset Management segment. AUM are a secondary driver of revenues and expenses within the Wealth Management segment in relation to its investment management activities. AUM are client assets where we provide investment management services and include investment funds where we are the fund manager, investment advisory mandates to institutions, and other client accounts where we have discretionary portfolio management responsibilities. Mutual fund gross sales and net sales reflect the results of the mutual funds managed by the respective operating companies, and in the case of the Wealth Management segment also include other discretionary portfolio management services provided by the operating companies, including separately managed account programs. ETF's represent exchange traded funds managed by Mackenzie. Institutional SMA represents investment advisory and sub-advisory mandates to institutional investors, pension plans and foundations through separately managed accounts. Other net flows and Other assets under advisement represents financial savings products held within client accounts in the Wealth Management segment that are not invested in products or programs where these operating companies perform investment management activities. These savings products include investment funds managed by third parties, direct investment in equity and fixed income securities and deposit products. Net flows represent the total net contributions, in cash or in kind, to client accounts at the Wealth Management segment and the overall net sales to the Asset Management segment. Wealth Management – Reflects the activities of operating companies primarily focused on providing financial planning and related services to Canadian households and represents the operations of IGWM. IGWM is a retail distribution organization that serves Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services. The majority of the revenues of this segment are derived from providing financial advice and distributing financial products and services to Canadian households. This segment also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. Asset Management – Reflects the activities of operating companies primarily focused on providing investment management services, and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to pension and other institutional investors. ABOUT IGM FINANCIAL INC.
Globe and Mail
2 hours ago
- Globe and Mail
Cisco's Margins Riding on Supply Chain: Will the Expansion Continue?
Cisco Systems CSCO has been benefiting from a flexible and diversified supply chain that is driving gross margin expansion. This improvement, along with productivity improvements and disciplined cost management, bodes well for operating margin expansion. Cisco's investments in regional manufacturing and logistics have minimized exposure to high-tariff areas, helping the company cut import-related expenses. In third-quarter fiscal 2025, product gross margin expanded 70 basis points (bps) year over year to 67.6%, driven by strong contribution from Splunk and a profitable product mix, particularly in high-margin segments like Security and Observability. In the third quarter of fiscal 2025, Cisco's non-GAAP gross margin expanded 30 bps year over year, hitting the high end of its guidance. Non-GAAP operating margin was 34.5% in the reported quarter, above the high end of the company's guidance. Cisco expects fourth-quarter fiscal 2025 non-GAAP gross margin to be between 67.5% and 68.5%. Non-GAAP operating margin is expected to be between 33.5% and 34.5%. Strong demand for AI infrastructure and cybersecurity solutions is expected to drive the company's ability to sustain margin momentum. Cisco also assumes that current tariff exemptions will remain in place, which includes China at 30%, partially offset by an exemption for semiconductors and certain electronic components. Mexico and Canada at 25% for the components and products that are not eligible for the current U.S. MCA exemptions. Cisco Faces Stiff Competition From HPE & ANET Hewlett-Packard Enterprise HPE is emerging as a strong Cisco competitor, especially post its $14 billion acquisition of Juniper Networks. Leveraging Aruba and SD-WAN, HPE now offers AI-driven, cloud-native networking solutions that challenge Cisco's enterprise lead. However, HPE's gross margins lag significantly, at around 29%, compared to Cisco's robust 65% (GAAP basis). Though HPE's focus on hybrid-cloud infrastructure, strategic acquisitions and expanding generative AI capabilities positions it for long-term growth. Arista Networks ANET is a key player in cloud and AI-driven networking, leading in 100-gigabit Ethernet switches with superior capacity, low latency and power efficiency. ANET supplies high-performance solutions to hyperscalers like Microsoft and Meta Platforms. Arista's software-defined Extensible Operating System offers a major advantage over Cisco's hardware-centric model. With gross margins around 64%, Arista combines strong profitability with rapid innovation, positioning it as a top-tier competitor in the next-gen networking landscape. CSCO's Price Performance, Valuation & Estimates Shares of Cisco have appreciated 18% year to date compared with the Zacks Computer – Networking industry's return of 15.6%. CSCO YTD Price Return Performance From a valuation standpoint, CSCO appears overvalued, trading at a forward 12-month price-to-sales (P/S) ratio of 4.6, higher than the industry's 4.39X. Cisco carries a Value Score of D. CSCO Forward 12-Month P/S Ratio Image Source: Zacks Investment Research The Zacks Consensus Estimate for CSCO's earnings is pegged at $3.79 per share for fiscal 2025 and $4 per share for fiscal 2026, reflecting year-over-year growth of 1.61% and 5.73%, respectively. The fiscal 2025 estimate has been revised upward by a cent over the past 30 days, while projections for fiscal 2026 have remained steady. CSCO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
CTV News
2 hours ago
- CTV News
Telecom stocks help lift S&P/TSX composite in late-morning trading
The TMX logo is shown in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor White TORONTO — Canada's main stock index was up in late-morning trading, helped by strength in the telecom sector. The S&P/TSX composite index was up 30.30 points at 27,064.56. The move on the Toronto market came with U.S. markets closed for the Fourth of July holiday. The Canadian dollar traded for 73.48 cents US compared with 73.66 cents US on Thursday. The August crude oil contract was down 44 cents US at US$66.56 per barrel. The August gold contract was up 40 cents US at US$3,343.30 an ounce. --- This report by The Canadian Press was first published July 4, 2025.
