1. Peek & Cloppenburg selected Oracle for cloud ERP to enhance operations. 2. The retailer aims to cut costs and improve inventory with Oracle solutions. 3. Oracle's platform will provide flexibility and scalability for industry changes. 4. Implementation will include Oracle Retail Suite and finance applications. 5. The project supports personalized customer experiences and operational efficiencies.
This partnership adds potential revenue sources for Oracle, similar to past retail adoptions.
The deal signifies Oracle's growing influence in retail, critical for market expansion.
Long-term benefits from improved customer relationships and ongoing operational efficiencies.
AUSTIN, Texas and DUSSELDORF, Germany, Feb. 3, 2025 /PRNewswire/ -- Peek & Cloppenburg, a family-owned fashion retailer renowned for its presence on the German high street since 1901, has selected Oracle retail and finance cloud applications to streamline its operations and optimize inventory management across its global footprint. The iconic department store chain operates 160 stores across 16 European countries, reaching millions of customers annually. With the Oracle Cloud solutions, the brand will be able to reduce costs, simplify its operations, and grow its business while better supporting the needs of its customers.
"Replacing our legacy systems with a modern platform will give us the flexibility and scalability we need to adapt to a rapidly changing industry," said Kristian Hertel, Director Global IT, Peek & Cloppenburg. "With best-in-class Oracle Cloud ERP and retail solutions we can better manage inventory for our private label and name-brand merchandise while gaining operational efficiencies and growing margins."
In collaboration with Retail Consult, the brand will implement several applications in the Oracle Retail Suite. The brand will also deploy Oracle Fusion Cloud Applications for finance and warehouse management. The Oracle solutions will provide a centralized approach that can help the brand streamline its processes, boost efficiency, and deliver cross functional insights faster to support critical business decisions.
"I have had the honor of experiencing Peek & Cloppenburg's legendary quality and store service and admire its unwavering commitment to excellence that has spanned over a century," said Alex Alt, executive vice president and general manager, Oracle Consumer Industries. "With Oracle's modern, connected platform, Peek & Cloppenburg will have the agility to innovate across its organization and gain the data visibility and intelligence to make more informed business decisions, optimize inventory, and continue to deliver the products and personalized touch customers have come to expect."
To see these solutions in action, join Oracle at EuroCIS February 18-20th in Düsseldorf, Germany Hall 10/Booth C42. Learn more at: https://engage.oracle.com/oracleateurocis?token=3f6f3aace8.
1. *There are two independent companies Peek & Cloppenburg with their headquarters in Düsseldorf and Hamburg. This information refers to Peek & Cloppenburg B.V. & Co. KG, Düsseldorf, whose store locations can be found at http://www.peek-cloppenburg.de/de/stores.
The Peek & Cloppenburg Group, with headquarters in Düsseldorf and Vienna, is one of the largest multi-brand fashion retailers in Europe. Accessible via five online shops and centrally located in over 160 stores, P&C is an omnichannel provider that offers customers a personalized shopping experience with a selection of curated fashion trends, including premium labels, trendy young brands and innovative exclusive brands. Today, around 16,000 employees work for the Group in 16 countries. In addition to P&C, the Group also includes the menswear outfitter ANSON'S and Magasin du Nord.
Retail Consult is a group of professionals specializing in technology solutions for retail, offering clients a global perspective and experience with operations in Europe, Asia, North, South, and Central America. Retail Consult provides solutions strategy, implementation, deployment, training, and support services. They serve clients across a range of retail segments including fashion, grocery, pharmacy, do-it-yourself, telecommunications, and electronics. In size, their clients range from regional, privately held companies to global retailers deploying multiple brands. Retail Consult is unique because they have an extremely high success rate for implementing Oracle Retail Solutions. Their values and mission drive them to be a strategic partner to all clients.
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SOURCE Oracle