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REDWOODE SHORES, Calif.
28-SEP-2005 08:30 AM
Oracle today announced that Liz Claiborne Inc. (NYSE: LIZ), a leading retailer that designs and markets 41 brands of fashion apparel and accessories for women, men, teens, children and infants worldwide, has selected the Oracle(r) Retail Price Optimization solution to implement in over 200 of its outlet stores in the United States. Merchants will now be able to capitalize on additional buying opportunities by clearing merchandise earlier in the season to make room for fresher merchandise for shoppers.
Liz Claiborne values the ability to quickly move inventory in-season because Outlet shoppers expect new arrivals each time they visit. Using the Oracle Retail Price Optimization solution, outlet merchants will have better visibility into the performance of merchandise, enabling them to identify underperformers earlier in the season and make decisions accordingly. This frees up "open-to-buy" dollars, enabling merchants to buy new items more quickly in order to better satisfy consumer needs.
"One of our key initiatives this year is to improve merchandise freshness by reducing inventory carry over from season to season," said Liz Claiborne Outlet President, Paul Thomasset. "To do this, we must adopt a more sophisticated approach to in-season management and provide our merchants with the ability to make better, more consumer-driven decisions."?
"Oracle is helping the world's leading retailers establish more insight-driven operations, from supply chain, through merchandising, to the stores," said Oracle Senior Industry Director for Retail, Gladys Lau. "Liz Claiborne is a great example of an innovative retail operation taking an insight-driven approach."
About Oracle Retail
Oracle Retail applications and technology provide a uniquely integrated platform for the retail industry. More than 1,900 companies rely on Oracle Retail solutions -which includes the Oracle, Retek, ProfitLogic, JD Edwards, and PeopleSoft product lines-to create insight-driven retail enterprises. By combining Retek's retail planning and execution solutions, ProfitLogic's retail optimization software, and Oracle's database infrastructure and enterprise resource planning (ERP) applications, Oracle Retail helps customers drive sales, reduce costs, improve collaboration, and gain real-time business insight. Oracle Retail solutions are available for implementation as an enterprise-wide solution, or as point solutions that can be deployed to meet immediate, specific business needs.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com/.
Trademarks
Oracle, JD Edwards, and PeopleSoft are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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