Adding value to Perry Ellis
On September 10, Oracle (ORCL) inked a new Retail Cloud deal with global menswear retailer Perry Ellis International. The menswear company is expected to use the Oracle Retail Customer Engagement solution to deliver a high-quality shopping experience to its customers in the United States and the UK. Perry Ellis International has more than 1.0 million customers, and it plans to more deeply understand their consumer behavior and preferences.
Perry Ellis is shifting to the latest version of Oracle Retail Xstore Point-of-Service. The deployment of the Oracle Retail Customer Engagement platform may allow the fashion house to understand its customers’ buying patterns and assess their satisfaction level.
Oracle has already delivered the following services to Perry Ellis:
- Oracle Retail Merchandising System
- Oracle Retail Price Management
- Oracle Retail Sales Audit
- Oracle Retail Allocation
- Oracle Retail Store Inventory Management
- Oracle Retail Point of Service
- Oracle Retail Central Office
The successful implementation of these services allowed Oracle to ink a fresh contract with Perry Ellis International.
Past retail deals for Oracle
Oracle (ORCL) has made rapid investments in its Retail Cloud service, triggered by higher demand in the retail sector. These investments are helping the leading database management operator secure more retail contracts.
In July, French firm ÏDKIDS COMMUNITY selected Oracle to help it analyze the shopping behavior and preferences of its customers. The firm expects to implement Oracle Retail Planning and Optimization Cloud Services in 1,300 retail stores.
The chart above shows the revenue growth of Oracle’s total cloud business in the last five quarters. During this period, this business grew at a CAGR (compound annual growth rate) of 5.7%.