Oracle Retail's Jeff Warren spoke to Chain Store Age about the continuing challenges retailers face in properly stocking individual stores, and how sophisticated analytical solutions make it possible for retailers to effectively sort through large volumes of data and adapt to disruptions such as COVID-19-driven demand surges and port bottlenecks.
See how AI in retail can help predict retail inventory trends, like a decline in lip color purchases. Merchandise financial planning is the starting point for the retail planning process and historically, this process has relied on forecasting and re-forecasting, but increasing uncertainty now demands a more calibrated approach.
Helzberg leverages Oracle Retail solutions to deliver the right assortment both in-person and online. The retailer leverages artificial intelligence to improve forecast accuracy and leverage demand transference to reduce its assortment duplication. Learn how AI in retail drives more profitable inventory management.
As the global recovery effort rolls on and the retail economy begins to rebound, luxury retailers have an opportunity to rebuild their operational processes from the ground up, prioritizing maximum agility for the fast-changing future. Let’s dive into how brands can adapt their internal processes to thrive in this new age.
Omnichannel retailer Bed Bath & Beyond Inc. (Nasdaq: BBBY) has selected Oracle as its Enterprise Resource Planning (ERP) technology provider. Oracle Cloud will provide real-time merchandising, financial, and supply chain retail solutions, replacing the legacy suite of technology systems and delivering new data, insights and planning capabilities.
In the Anatomy of Change: Understanding Consumer Behavior When Grocery Shopping in the New Next 2020, we examine the key impacts of COVID-19 on consumer behavior — including permanent changes in consumer shopping habits, ongoing challenges in maintaining the grocery experience, and consumer exploration of new brands.
If there’s one positive to this turbulent last year, it’s that the digital revolution spotlighted where retailers’ business models can improve. Those learnings have quickly evolved into opportunities and incentives to explore new capabilities–and chart a more defined path forward.