celect
Nike acquires A.I. platform Celect, hoping to better predict shopping behavior
After years of scooping up brands like Converse and Hurley, Nike is shifting its focus toward buying start-ups that help it behind the scenes. Nike announced on Tuesday it has acquired Boston-based predictive analytics company Celect, marking its latest acquisition in a string of deals to bolster its direct-to-consumer strategy. Financial terms of the deal weren't disclosed. With Celect's technology integrated into Nike's mobile apps and website, the shoemaker should be able to better predict what styles of sneakers and apparel customers want, when they want it and where they want to buy it from, Chief Operating Officer Eric Sprunk explained in an interview. "Our goal is to serve consumers more personally at scale," he said. "We have to anticipate demand.