Saks Incorporated Selects Oracle E-Business Suite and Oracle Retail Merchandising and Planning Solutions to Help Drive Cross-Channel Growth
Luxury Retailer Chooses Oracle Applications to Deliver Business Insight Across All Operating Channels
Redwood Shores, Calif. – April 2, 2012
Saks Incorporated, one of the world’s preeminent luxury retailers, has selected Oracle Retail Merchandising, Planning and Optimization applications and the Oracle E-Business Suite 12.1 to help integrate business operations and improve margins and profitability across all channels.
The Oracle implementation is part of a business-wide initiative to establish a modern, flexible and scalable IT platform that will provide finance, human resources, merchandising, commerce and store operations teams with real-time, mobile access to sales, inventory and performance data they require.
Saks will use the Oracle E-Business Suite 12.1 to transform global financial and human resources operations with faster and more simplified reporting and increased visibility into performance metrics.
By implementing a complete suite of pre-integrated Oracle solutions and using a full Oracle technology stack that includes Oracle Fusion Middleware and Oracle Database 11g, the luxury retailer, over time, expects to lower costs associated with maintaining disparate systems and enable employees to spend more time on value-add activities.
Saks Incorporated operates 45 Saks Fifth Avenue stores, 61 Saks Fifth Avenue OFF 5TH stores and ecommerce site saks.com.
Saks currently uses Oracle Database and Oracle Hyperion performance management applications to support strategic financial planning, budgeting and performance management.
“Oracle provides us with a modern technology platform on which we can support our omni-channel approach to the business and build a next-generation retail environment,” said Michael Rodgers, Executive Vice President and Chief Information and Operations Officer, Saks Incorporated. “We will use the integrated Oracle Retail solutions to enable our vision of one customer/one product/one inventory, through a seamless set of business processes supported by proven technology tools.”
“Saks provides its customers with memorable and superior shopping experiences,” said Mike Webster, senior vice president and general manager, Oracle Retail. “By using Oracle to establish a global, cross-channel platform, Saks will enable employees to deliver a better, more personalized customer interaction across every touch point.”
Oracle provides retailers with a complete, open and integrated suite of business applications, server and storage solutions that are engineered to work together to optimize every aspect of their business. 20 of the top 20 retailers worldwide - including fashion, hardlines, grocery and specialty retailers - use Oracle solutions to drive performance, deliver critical insights and fuel growth across traditional, mobile and commerce channels. For more information, visit our Web site at http://www.oracle.com/goto/retail
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.
About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to retail, helping speed time to market, reduce costs, and gain a competitive edge.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.