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Oracle at NRF 2019: One Door Tie-Up, Growing Retail Clientele
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Oracle (ORCL - Free Report) made notable announcements at National Retail Federation (“NRF”) 2019. Oracle Retail announced collaboration with One Door in a bid to enhance retail clientele’s in-store merchandising methods with advanced assortment and layout techniques.
Notably, Oracle Retail Assortment Optimization Cloud Service empowered with artificial intelligence (AI) driven capabilities will be integrated with One Door’s automation strength in visual merchandising cloud-based software.
With the integration, the companies aim to enable retailers to optimize inventory with enhanced in-store layouts. This will allow retailers to make the most out of physical space available, consequently maximizing returns.
Per Gartner as revealed by Oracle, retailers will utilize AI to automate and enhance business processes. In fact, the research firm predicts that the use of advanced personalization engines (utilized to be familiar with evolving customer tastes) is anticipated to drive profit levels of digital businesses by up to 15% by 2020.
The increased spending by retailers on digitally transforming their business processes favors the prospects of the latest collaboration.
Oracle Retail Gaining Traction
Moreover, Oracle’s growing clout in retail domain, primarily in digital commerce bodes well. In fact, Oracle has been recognized as a leader by Gartner in its latest “Magic Quadrant for Digital Commerce.”
Per a latest study conducted by Oracle, 85% of Mexican consumers demand in-detail tracking of the order delivery status. In a bid to address evolving requirements, such as these, Oracle Retail solutions have been selected by Grupo Nazan.
Grupo Nazan, a Mexican retailer, is engaged in selling popular footwear brands including Destroyer, Playa Mayoreo and Impuls, among others. Grupo Nazan aims to digitally transform its business by implementing the omnichannel solutions of Oracle’s Retail services portfolio.
In fact, SkillNet, an Oracle PartnerNetwork Platinum partner, has enabled Grupo Nazan to deploy Oracle Retail Xstore services.
Oracle Retail is witnessing traction in the U.K. as well with Matalan adopting digital solutions to optimize inventory assortments according to consumer preferences.
The selection of Oracle Retail’s Assortment Planning and Merchandise Financial Planning cloud services by Matalan is a positive.
Moreover, Oracle Marketing Cloud is already enabling Matalan to address higher traffic levels across both online and in-store sales channels with robust data-driven capabilities.
This incremental adoption of Oracle’s services is anticipated to aid financial performance of the company in the foreseeable future.
Oracle’s initiatives to enhance its Retail Omnichannel product suite are in sync with the company’s strategy to capitalize on the digital commerce market. The increased adoption of omnichannel solutions and innovative collaborations deserve a special mention.
These efforts in the retail domain are anticipated to strengthen company’s competitive position against peers like Salesforce.com (CRM - Free Report) , SAP (SAP - Free Report) , Adobe (especially after Magento acquisition), among others.
Long-term earnings growth rate for Veeva Systems is currently pegged at 19.5%.
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Oracle at NRF 2019: One Door Tie-Up, Growing Retail Clientele
Oracle (ORCL - Free Report) made notable announcements at National Retail Federation (“NRF”) 2019. Oracle Retail announced collaboration with One Door in a bid to enhance retail clientele’s in-store merchandising methods with advanced assortment and layout techniques.
Notably, Oracle Retail Assortment Optimization Cloud Service empowered with artificial intelligence (AI) driven capabilities will be integrated with One Door’s automation strength in visual merchandising cloud-based software.
With the integration, the companies aim to enable retailers to optimize inventory with enhanced in-store layouts. This will allow retailers to make the most out of physical space available, consequently maximizing returns.
Per Gartner as revealed by Oracle, retailers will utilize AI to automate and enhance business processes. In fact, the research firm predicts that the use of advanced personalization engines (utilized to be familiar with evolving customer tastes) is anticipated to drive profit levels of digital businesses by up to 15% by 2020.
The increased spending by retailers on digitally transforming their business processes favors the prospects of the latest collaboration.
Oracle Retail Gaining Traction
Moreover, Oracle’s growing clout in retail domain, primarily in digital commerce bodes well. In fact, Oracle has been recognized as a leader by Gartner in its latest “Magic Quadrant for Digital Commerce.”
Per a latest study conducted by Oracle, 85% of Mexican consumers demand in-detail tracking of the order delivery status. In a bid to address evolving requirements, such as these, Oracle Retail solutions have been selected by Grupo Nazan.
Grupo Nazan, a Mexican retailer, is engaged in selling popular footwear brands including Destroyer, Playa Mayoreo and Impuls, among others. Grupo Nazan aims to digitally transform its business by implementing the omnichannel solutions of Oracle’s Retail services portfolio.
In fact, SkillNet, an Oracle PartnerNetwork Platinum partner, has enabled Grupo Nazan to deploy Oracle Retail Xstore services.
Oracle Retail is witnessing traction in the U.K. as well with Matalan adopting digital solutions to optimize inventory assortments according to consumer preferences.
The selection of Oracle Retail’s Assortment Planning and Merchandise Financial Planning cloud services by Matalan is a positive.
Moreover, Oracle Marketing Cloud is already enabling Matalan to address higher traffic levels across both online and in-store sales channels with robust data-driven capabilities.
This incremental adoption of Oracle’s services is anticipated to aid financial performance of the company in the foreseeable future.
Oracle Corporation Revenue (TTM)
Oracle Corporation Revenue (TTM) | Oracle Corporation Quote
To Conclude
Oracle’s initiatives to enhance its Retail Omnichannel product suite are in sync with the company’s strategy to capitalize on the digital commerce market. The increased adoption of omnichannel solutions and innovative collaborations deserve a special mention.
These efforts in the retail domain are anticipated to strengthen company’s competitive position against peers like Salesforce.com (CRM - Free Report) , SAP (SAP - Free Report) , Adobe (especially after Magento acquisition), among others.
Zacks Rank & Key Pick
Oracle carries a Zacks Rank #3 (Hold).
Veeva Systems Inc. (VEEV - Free Report) , a Zacks Rank #1 (Strong Buy) stock, is worth considering in the broader technology sector. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Veeva Systems is currently pegged at 19.5%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>