Karstadt Kompakt Department Stores to Drive Business Expansion with Oracle® Retail Merchandising and Planning Solution
German Retailer Looks to Oracle® Retail to Help Optimize Inventory Management and Enhance Visibility to Performance of Merchandise Across its Stores
REDWOOD SHORES, Calif 22-MAR-2006 Oracle today announced that Karstadt Kompakt GmbH, the German department store retailer, has selected Oracle(r) Retail Merchandising and Planning systems to help support more accurate inventory forecasting, allocation and price management within its 74 stores across Germany. The implementation of the integrated merchandising and planning solution will support Karstadt Kompakt’s expansion plans.
Following the split from its former parent company, KarstadtQuelle, at the beginning of 2005, Karstadt Kompakt is now independently managed and had to introduce a new merchandising system. Karstadt Kompakt quickly identified Oracle Retail as the solution that best met its requirements for a scalable platform, which could deploy quickly and would allow for easy integration with future implementations.
“The breadth of retail functionality, combined with a heritage in department store retailing, made Oracle Retail an obvious choice,” said Karstadt Kompakt CIO Viktor Chmelnitzki. “Additionally, the Oracle Retail offering can be rolled out quickly and efficiently.”
Oracle Retail’s integrated merchandising and planning solution coordinates a retailer’s operations through one single, comprehensive source of data. Its scalable foundation supports the generation of more accurate forecasts of consumer demand, connecting these forecasts to execution throughout the supply chain and helps drive better in-season inventory management and allocation across stores.
“We’re delighted to be working with Karstadt Kompakt as they move into an exciting new phase of operation,” said Tarik Taman, Oracle Retail Vice President of EMEA. “Karstadt Kompakt will be able to benefit from our pedigree of supporting dynamic and leading department stores, including Galleries Lafayette and Selfridges.”
About Oracle Retail
Oracle partners with the world’s leading retail companies to transform the economics of their business. From supply chain, operations, merchandising, store systems, optimization and information technology solutions, Oracle Retail is the single source for innovative and comprehensive industry solutions - enabling organizations to serve their customers better by applying insight into daily business decisions for more profitable results.
# # #
Oracle, JD Edwards, PeopleSoft and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
- Contact Information
- Gretchen Mather
- Press Contact
- Oracle Corporation
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.