Oracle today announced that leading global retailers who use Oracle Retail solutions outperform their peers with 49.7 percent higher operating profits and 61.5 percent higher return on invested capital. The Stratoscope research study analyzed all retailers trading on any public stock exchange worldwide, with revenues higher than $500 million and at least 80 percent of revenues coming from retail activities. The study included 258 retailers who met the selection criteria, 170 of whom are Oracle applications customers.
Several of these Oracle retail customers are featured this week at the National Retail Federation 95th Annual Convention and EXPO in New York. Tesco, the world’s most successful grocer and general merchandiser; Reitmans, the well-known Canadian specialty apparel chain; and Anchor Blue, the high-growth, private-equity-owned chain known for high-fashion youth apparel, kicked off the conference yesterday during the Sunday Forum, “Merchandising Beyond Expectations.” At NRF sessions throughout the week, these and other retailers will discuss strategies for increasing performance and margins by leveraging insight, improving supply chain management, delivering superior customer experiences, and integrating information across the enterprise.
Return-on-Investment (ROI) testimonials from CEOs and vice presidents at Burlington Coat Factory, Northern Group Retail, Tesco and Anchor Blue are showcased on multimedia video at Oracle Booths 443 and 818 during tradeshow hours Monday, January 16th and Tuesday, January 17th from 10:30 a.m. to 6:00 p.m. EST. Here, retail executives discuss results achieved after deploying one or more Oracle merchandising, supply chain, advanced inventory planning, human resources, financial and point-of-sale solutions.
Scott Friend of Oracle hosted yesterday’s NRF Sunday Forum, which featured Tesco, Reitmans and Anchor Blue and guest speaker Steven D. Levitt, author of the best seller, Freakonomics.
Tesco’s Head of Non-Food Business Challenge, Mike Ellson, presented how this retailer has built a successful non-food retailing business by excelling at merchandise planning across its vast and complex enterprise. Today, Tesco is the United Kingdom’s largest retailer in both food and, increasingly, non-food retail sectors. With turnover reaching $68.5 billion, more than 2,300 stores, and a history of steadily rising profits, Tesco is one of the world’s top three international retailers and comprises one of the largest deployments of Oracle Retail Merchandising and Planning solutions.
Reitmans CFO Doug Deruchie explained how the leading Canadian specialty apparel retailer impacts company profitability by improving the merchandising process, focusing on assortment, allocation and a proactive approach to decision-making. Deruchie said, “Having the right assortment of merchandise in the right sizes in each store every time customers shop will be of significant benefit.”
Michael Bush, CEO of teen clothing retailer Anchor Blue, discussed how Anchor Blue is driving growth by focusing on the customer and aligning merchandising strategies to serve each customer better at their local store. According to Bush, “Oracle Retail solutions provide us a foundation to deliver a better experience for our customers in our stores. They will help us drive same store sales growth, as well as gross margins by allowing us to improve product allocation.”
In addition, on Tuesday, January 17 from 4:45 p.m. to 5:15 p.m. EST Oracle Retail is hosting the NRF Big Ideas Session, “The New Economics of Retail,” which will be held in room 3DO5 on the main exhibit hall floor in the Jacob Javits Convention Center. Learn from proven cases of retail success how Oracle is working beyond the headlines to change the economics of retail.