AUSTIN, Texas, Feb. 4, 2021 /PRNewswire/ -- The pandemic has
changed the way people shop, making it critical for retailers to
better understand demand and move merchandise accordingly. To meet
these challenges, retailers across sectors are putting their trust
in Oracle Retail Merchandising Cloud Service. Recent new customer
wins and implementations include Gap, Inc, Giant Eagle, Mr Price,
Poundland, and more.
"The new developments in the Oracle Retail Merchandising SaaS
solution inspired us to reconsider the cloud for our
transformational journey," said Kim
Sim, chief information officer, Mr Price Group.
"Merchandising provides a sustainable, stable foundation for our
high-volume processes. And in the future, the cloud provides us the
flexibility to add additional modules as the business needs
arise."
Running on Oracle Cloud Infrastructure, Oracle Merchandising
Cloud Service provides retailers a unified foundation to manage and
control critical merchandising activities, such as purchasing and
distributing goods, fulfilling orders, and processing and closing
out invoices to help ensure accurate financial data.
Oracle was also recently named a leader in the IDC MarketScape:
Worldwide Retail Merchandise Operations Management Solutions
2020-2021 Vendor Assessment1.The report highlighted
Oracle's strength in supporting retail merchandising scale and
complexity, as well as expansion of embedded artificial
intelligence (AI) and machine learning capabilities that are
driving toward automated merchandising. Get an excerpt of the
report here.
"Modern merchandise operations management solutions are purpose
built for the analytical and experiential requirements of today and
have the flexibility to expand on and enhance those capabilities in
the future," says Jon Duke, vice
president of research for IDC Retail Insights. "And there is clear
differentiation among vendors' ability to meet the challenging
demands of retailers."
Recent grocery, fashion, hardline (offering a mix of non-fashion
goods), and specialty retailers adopting Oracle Retail
Merchandising Cloud Service include:
- Gap, Inc., the global fashion retailer is now running on
a single, high-performance instance of Oracle Retail Merchandising
Cloud Service in North America for
its GAP, Old Navy, Athleta, Banana Republic, Intermix, and Hill
City brands.
- Giant Eagle, the North American grocer selected Oracle
Retail Merchandising Cloud Service, Oracle Retail Store Inventory
Operations Cloud Services, and Oracle Retail Advanced Science
Engine to help manage approximately 100,000 products across every
store and optimize millions of customer transactions each
week.
- Mr Price Group, a leading omnichannel, fashion-value
retailer in South Africa is
implementing Oracle Retail Merchandising Cloud Service to support
its transformation journey and growth.
- Poundland, a leading value retailer in the United Kingdom is implementing Oracle Retail
Merchandising Cloud Service to create a single, consolidated
foundation to manage merchandise across its three brands:
Pep&Co, Poundland, and Dealz.
"The past year has been one of the most challenging in retail
history. Retailers had to throw out the playbook and adapt to
everything from complete in-person shutdowns to unexpected surges
in certain products," said Lara
Livgard, senior director merchandising, analytics, and
enterprise, Oracle Retail. "Seeing our customers realize the
benefits of our merchandising solutions faster than ever in this
environment is validation of the innovations we are delivering in
the cloud."
- IDC MarketScape: Worldwide Retail Merchandise Operations
Management Solutions 2020–2021 Vendor Assessment (doc #US47029020),
December 2020.
Get your complimentary excerpt copy of the IDC MarketScape report
here for a limited time.
About Oracle Retail
Oracle is the platform for modern
retail. Oracle provides retailers with a complete, open, and
integrated platform for leading retail solutions, cloud services,
and hardware that are engineered to work together. Innovative
retailers use Oracle solutions to pivot to customer and to drive
agility across the business. Oracle Retail customers can deliver an
authentic customer experience while protecting their people,
processes, brand, and customers. For more information, visit our
website www.oracle.com/retail.
About Oracle
Oracle offers suites of
integrated applications plus secure, autonomous infrastructure in
the Oracle Cloud. For more information about Oracle (NYSE:
ORCL), please visit us at oracle.com.
About IDC MarketScape: IDC MarketScape vendor
assessment model is designed to provide an overview of the
competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical
illustration of each vendor's position within a given market. IDC
MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and
future market success factors of IT and telecommunications vendors
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective vendors.
Trademarks
Oracle and Java are registered trademarks
of Oracle Corporation.
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SOURCE Oracle