WE Fashion adds retail platform
Breda, Netherlands To support its portfolio growth in new regions, WE Fashion is adding modules from Oracle Retail, from Redwood Shores, Calif.-based Oracle.
The retail platform supports the company’s new IT project, WE Implement New Generation Systems. Internally called WINGS, the initiative is designed to strengthen WE’s efforts and flexibility as it expands its international breadth, and introduces new merchandise and categories, as well as new services such as e-commerce and franchising programs.
By using Oracle Retail, the chain will gain access to modules including the Oracle Retail Merchandising System, Retail Allocation, Retail Price Management, Retail Warehouse Management System and Retail Trade Management. Besides providing insight into store, inventory, merchandise and supply chain operations, the scalable platform uses real-time customer data to coordinate and adapt to changes in inventory demand and allocation of store-level merchandise.
“WE Fashion recognizes the importance of deploying systems that not only support our expansion long-term, but enable us to maintain an intimate understanding of customer demand,” said Koen Aben, CIO, WE Fashion.
First Insight adds new director
PITTSBURGH First Insight announced that Richard Marcus has joined its board of directors.
Marcus, a senior advisor at Peter J. Solomon Co., a leading independent investment banking firm, is a director of 7 Billion People and My Wines Direct.
Marcus commented, “First Insight’s new product market testing analytics gives retailers the means to couple new product development and merchandising decisions with keen predictive insight. Its customer network approach to product market testing offers retailers unmatched scale, speed, and accuracy critical for better merchandise performance and customer satisfaction.”
Deer Consumer products names new board members
NEW YORK Deer Consumer Products, maker of small kitchen electronics targeting both international and the Chinese domestic markets, welcomes three independent board members to the company.
Arnold Staloff, chairman of the audit committee, currently serves on the boards of several NASDAQ listed companies including Shiner International, a packaging and anti-counterfeit plastic film company; AgFeed Industries, a feed and commercial hog producer and SmartHeat, an energy savings equipment company.
Edward Hua, chairman of the nominating committee, has held various management positions at the Bank of China and is currently the general manager of the Treasury Department of the Bank of China Shenzhen Branch.
Walter Zhao, chairman of the compensation committee, has been the president of Kaito Electronics, an electronics design and manufacturer, since 1997.