Jones Apparel Group Identifies Oracle(R) Retail Price Optimization as Best Fit for Footwear and Apparel Retail Divisions
07 Mai 2007 - 3:00PM
PR Newswire (US)
Leading Women's Specialty Apparel and Footwear Retailer to Use
Oracle Retail Application to Better Manage Inventory In-Season and
Improve Existing Store Sales Productivity REDWOOD SHORES, Calif.,
May 7 /PRNewswire-FirstCall/ -- Jones Apparel Group has selected
Oracle(R) Retail Price Optimization to help increase inventory
turns and margins across its more than 970 retail and outlet
stores, which include such leading retail brands as Nine West,
Jones New York, Anne Klein, Bandolino and Easy Spirit, Oracle
announced today. Oracle Retail will work with Jones Apparel Group
to monitor and anticipate customer demand to make regional price
adjustments in-season, to better manage product lifecycles and
seasonal transitions, and to drive gross margin dollar growth.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
Jones Apparel Group's decision to implement Oracle Retail Price
Optimization was driven by its desire to move merchandise through
stores faster, and to introduce fresh styles and selections more
often to its retail customers. The solution will also help reduce
residual inventory and markdowns required. "Quicker inventory
turnover and an improved pricing cadence present a significant
opportunity for our retail stores, allowing us to provide our
customers with the latest fashion trends while delivering a great
brand experience at the store level," said William Tracy, Chief
Operating Officer -- Nine West Footwear Corporation. "We are
impressed with the ability of Oracle's retail solution to help make
our operations more customer focused and efficient." "Innovative
technology can have a profound impact on leading retail businesses
like Jones Apparel Group," said Duncan Angove, Senior Vice
President and General Manager, Oracle Retail. "Oracle Retail is
singularly focused on helping retailers enhance customer
relationships and improve the performance of their retail
operations to directly impact bottom line results." About Oracle
Retail 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 and information technology solutions,
Oracle partners with the world's leading retail companies,
including 17 of the top 20 retailers worldwide, to transform the
economics of their businesses. About Oracle Oracle (Nasdaq GS:
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 is a registered
trademark of Oracle Corporation and/or its affiliates. Other names
may be trademarks of their respective owners.
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Kevin Ruane of Oracle, +1-617-621-5593, or ; or Mary Ellen Amodeo
of Amodeo Associates, +1-612-963-5797, or Web site:
http://www.oracle.com/
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