Talbots plans to use the Oracle Retail planning and optimization solutions, including Oracle Retail Assortment Planning, Size Profile Optimization and Merchandise Financial Planning, to help identify customer preferences and tailor merchandise offerings based on buying patterns, size profiles and other key attributes.
Oracle Retail Consulting will partner with Talbots to launch and fully utilize the features of each application.
John Kovac, Talbots Chief Information Officer, commented, “By implementing Oracle’s Retail Planning and Optimization Suite we will have a robust platform providing advanced analytics to ensure we have the right balance of inventory when and where our customers need it. Our investment in the area of merchandise planning is an important piece of enhancing our IT infrastructure to drive business advantage.”
“Talbots is looking to enhance performance across their diverse store portfolio,” said Duncan Angove, Senior Vice President and General Manager, Oracle Retail. “The Oracle Retail applications will help Talbots pinpoint opportunities, as well as provide them with the ability to quickly adapt and execute merchandising and inventory strategies as needed.”
Oracle is the number one provider of innovative and comprehensive industry software solutions for retailers – enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results. With software that provides supply chain, operations, merchandising, store systems, optimization as well as enterprise applications and infrastructure software, Oracle partners with the world’s leading retail companies, including 20 of the 20 top retailers worldwide, to transform the economics of their businesses.
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