As retailers enter new markets, improve the online shopping experience, or expand a product category, underlying technologies can determine the success, speed to market and profitability of each venture. In his annual list of strategic issues for the CIO, tech blogger and Oracle Chief Communications Officer Bob Evans estimates that CIOs will fulfill multiple roles and tackle some key business priorities as they work alongside their peers to effect business change and growth.
The ever-accelerating pace of change in retail puts pressure on everyone within the retail enterprise, but perhaps no one feels it more acutely than the CIO.
Oracle unveils new Retail Cloud Services solutions
The new solutions are designed to drive retail growth through cloud technology.
Oracle has unveiled six new Retail Cloud Services designed to help retailers capitalize on modern business opportunities.
Announced on Wednesday, the Redwood City, CA.-based firm said six new cloud solutions have been added to the company's retail cloud portfolio. Stemming from MICROS Retail solutions, acquired by Oracle last year, the new cloud services are designed to assist retailers in the management of e-commerce applications, customer engagement, the stock chain, ordering and brand compliance.
Oracle Retail Commerce Anywhere blog post with Jeff Warren on Oracle Retail Cloud Services
3-Part series on Cloud strategies, previewing the Oracle RSR and IBM webinar
Oracle Retail Commerce Anywhere blog post from OIC
Oracle Retail Commerce Anywhere blog post on Aerosoles go live with Oracle Commerce and responsive design
“Retailers looking for agility, performance, and cost predictability are increasingly considering the cloud,” said Jill Puleri, senior vice president and general manager, Oracle Retail. “The new Oracle Retail Cloud Services help eliminate the time and cost constraints that too often hamper retailers’ ability to respond to new opportunities for growth. Just as important, Oracle Retail Cloud Services allow retailers to focus on their business and work on strategic projects that add value to the business.”
Internet Retailer - Technology/E-commerce Platforms - Oracle Announces Oracle Retail Cloud Services
The six new Oracle Retail cloud services are aimed at providing retailers with fast access to enterprise-grade applications for managing critical e-commerce, customer engagement, order management, order fulfillment, loss prevention, and brand compliance operations.
New York University marketing professor Scott Galloway makes a strong case that pure-play retailers, whether just brick-and-mortar or just e-commerce, are doomed. He predicts that Amazon will stumble as stores beef up their e-commerce and especially their fulfillment options.
Others don't buy that, saying that Amazon is in many ways as special as Jeff Bezos seems to think it is. "I disagree," writes Oracle's David Dorf in his Commerce Anywhere blog of Galloway's assertions. "Not because the logic is flawed, but rather because Amazon is not a typical retailer. I believe they could be profitable if they wanted to but instead choose to continue investing in widening their competitive moat. Not only is their retail business state-of-the-art, but their investments in AWS, tablets, payments, IoT, etc. are complementary, and help to diversify the business (yes, they can do both). Amazon is not your typical pure-play."
Larry Havlik, VP of IT and Systems at Lids Sports Group: “This is a significant step toward driving growth, by expanding the items we offer and giving customers the full benefit of our locations, in-store service and e-Commerce site.”
As part of a technology upgrade that includes a migration to Oracle’s MICROS Xstore (now Oracle Retail Xstore), Lids rolled out Oracle’s MICROS Retail Locate (now Oracle Retail Order Broker Cloud Service), enabling the retailer to nearly double the number of product SKUs available for sale online by exposing inventory in all Lids stores as well as throughout its supply chain. The specialty retailer's omnichannel inventory increases available SKUs while helping customers and associates easily find team-specific items online and in-store.
Internet Retailer - Technology/Order Management - Lids Sports Group Opens Up Inventory Across Channels With Oracle Retail Solutions
US retailer Lids Sports Group is rolling out Oracle solutions as it looks to make its entire inventory of team-specific sports apparel and memorabilia available in-store, online, or via mobile.
As part of a technology upgrade that includes a migration to Oracle’s MICROS Xstore (now Oracle Retail Xstore), Lids rolled out MICROS Retail Locate (now Oracle Retail Order Broker Cloud Service), enabling it to nearly double the number of product SKUs available for sale online by exposing inventory in all Lids stores as well as throughout its supply chain.
Lids Sports Group is upgrading to a new Oracle Retail POS solution that will simplify administration and the user experience for the more than 50 different POS screen and receipt configurations for the retailer’s partner brands.
“By rolling the new Oracle Retail solutions out in conjunction with the Canada expansion, we are able to fully evaluate and understand the new features and functionality before impacting our remaining store operations,” said Bill Tucker, VP of Technology at Nordstrom. “As we put the Oracle solutions in place across the business, we are positioned to take immediate advantage of new features, performance, and functionality enhancements in Oracle Retail 14.1.”
As part of a technology upgrade that includes a migration to Oracle’s MICROS Xstore (now Oracle Retail Xstore), Lids rolled out Oracle’s MICROS Retail Locate (now Oracle Retail Order Broker Cloud Service), enabling the retailer to nearly double the number of product SKUs available for sale online by exposing inventory in all Lids stores as well as throughout its supply chain.
Specialty retailer uses Oracle to help increase available inventory while helping customers and associates easily find items online and at over 1,300 locations nationwide.