Stein Mart taps Oracle Cloud for merchandise planning

National specialty retailer, Stein Mart, is using Oracle technology to get a holistic view of inventory and a more streamlined merchandise planning approach. Both will help the retailer respond and support the needs of customers online and in brick-and-mortar locations, according to a press release.

The solution, Oracle Retail Cloud Services, is also providing Stein Mart the tools needed to keep merchandise assortments fresh and relevant for consumers.

"We have been focused on simplifying our merchandising processes while expanding our omnichannel 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 upfront so we can buy smarter and manage inventory more effectively," said Nick Swetonic, Stein Mart's senior vice president of planning and allocation, in the release.

"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," said Mike Webster, senior vice president and general manager, Oracle Retail, in the release. "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."