REDWOOD SHORES, Calif. and JACKSONVILLE, Fla., June 24, 2019 /PRNewswire/ -- Stein Mart, a
national specialty off-price retailer, has gained a holistic view
of its inventory and a more streamlined approach to merchandise
planning with Oracle Cloud.
By consolidating the planning and forecasting process for its
physical stores, online store and warehouses into one solution,
Stein Mart will be better equipped
to manage its inventory to support the needs of its customers,
regardless of how they choose to shop. With Oracle Retail Cloud
Services, Stein Mart has the tools
to keep its merchandise assortments fresh and relevant for
buyers.
"We have been focused on simplifying our merchandising processes
while expanding our omni-channel capabilities and new business
initiatives. The enhanced functionality of Oracle's Merchandise
Financial Planning solution will help us analyze data faster to
create better plans up front so we can buy smarter and manage
inventory more effectively," said Nick
Swetonic, Stein Mart's senior
vice president of planning and allocation.
"Today, retailers sell whatever they buy, often at the expense
of the bottom line. Tomorrow, they will be able to more accurately
predict placement, price, and sizes across every store and market.
This is the promise of the Oracle Retail Cloud," noted Mike Webster, senior vice president and general
manager, Oracle Retail. "We are helping companies like Stein Mart refine their approach to inventory
and purchasing, so they can continually delight customers while
improving results with merchandise that turns quickly."
Stein Mart partnered with
Cognira, experts in analytics, configuration and integration, and
retail consulting firm The Parker Avery Group to re-engineer
business processes and implement Oracle Retail Merchandise
Financial Planning Cloud Service. Both Cognira and Parker Avery are members of the Oracle
PartnerNetwork (OPN). Previously, Stein
Mart also implemented Oracle Retail Merchandising, Oracle
Retail Store Inventory Management, Oracle GoldenGate, Oracle JD
Edwards, and Oracle Retail Point of Sale.
About Stein Mart
Stein Mart, Inc. is a national
specialty off-price retailer offering designer and name-brand
fashion apparel, home décor, accessories and shoes at everyday
discount prices. Stein Mart provides
real value that customers love every day both in stores and online.
The Company currently operates 283 stores across 30 states. For
more information, please visit www.steinmart.com.
About Oracle Retail
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.
About Oracle
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 oracle.com.
Trademarks
Oracle and Java are registered trademarks
of Oracle and/or its affiliates. Other names may be trademarks of
their respective owners.
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SOURCE Oracle