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Redwood Shores, Calif.—Jan 8, 2020
The 2019 holiday season saw a rush of consumers taking advantage of new, more convenient options such as checking out via mobile tablets or buying-online and picking up in-store or curbside (BOPIS). But what happens when those items aren’t ready as promised? Sixty-three percent of consumers will walk away from a brand forever or at a minimum consider an alternative. Enhancements in the Oracle Retail platform allow store associates to stay informed and ready to help customers anywhere in the store and inventory is easily tracked and ready for distribution, so pick-up promises are met. The result—happy customers, staff and increased same-store sales.
“The future [of retail] belongs to visionary leaders and forward-thinking organizations that are able to break the shackles of legacy systems and accelerate mastering digital-first strategies,” commented Leslie Hand, vice president, IDC Retail Insights. “The strongest businesses will be truly customer focused, with big shifts in internal culture that prioritize data-driven decisions and personalized approaches to experiential retail. In-store mobility and inventory accuracy across the shopping experience—from research and discovery to selection and fulfillment—are essential to empowering consumers and associates alike.”
Delivered in the cloud, key enhancements to the Oracle Retail Platform help retailers deliver on the modern, seamless in-store experiences customers are demanding. With these tools, every stakeholder in the retail enterprise is empowered to serve customers and can quickly access and action inventory through:
“Despite the headlines, the majority of sales are still happening in-store, so every moment a customer interacts with that location matters,” said Jeff Warren, vice president of solution management, Oracle Retail. “Whether it’s arming a store associate with the right knowledge and tools to deliver a positive customer experience or ensuring pre-ordered merchandise is ready without a wait, retailers need to put customers at the center of all their business processes and decisions to continue to move the needle on in-store sales.”
Oracle is the modern platform for retail. Oracle provides retailers with a complete, open, and integrated platform for best-of-breed business applications, cloud services, and hardware that are engineered to work together. Leading fashion, grocery, and specialty retailers use Oracle solutions to accelerate from best practice to next practice, drive operational agility, and refine the customer experience. For more information, visit our website www.oracle.com/retail.
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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