TECHNOLOGY

Office supplies giant modernizes operations in the cloud

BY Deena M. Amato-McCoy

Office Depot is taking steps to transform its business processes.

The office supplies giant knew to compete and achieve future growth in an digital marketplace, it needed to make strategic business model changes. The ideal solution would enhance its current infrastructure and extend its existing IT investments.

Office Depot is adopting Oracle Cloud Applications, a move that will help the company enhance the performance of key supply chain, HR, and financial management functions. The solutions will also accelerate its omnichannel growth, simplify its IT infrastructure, and lower its costs, according to the company.

Each solution will support different areas of the business. An end-to-end supply chain solution will help get products to market faster and offer real-time insight into day-to-day logistics, procurement, and forecasting. Armed with a more insightful HCM system, Office Depot will have the actionable data needed to consistently manage its global workforce. Meanwhile, an enterprise performance management (EPM) solution will help transform the finance operations, and enable data-driven —and more accurate — financial reporting.

“Office Depot is pivoting away from being a traditional office products retailer to a broader omnichannel services and products company and that causes a lot of complexity given our existing technology,” said Damon Venger, senior director, IT applications, Office Depot.

“We evaluated multiple vendors, but only Oracle could deliver the end-to-end solutions we needed, he added. “Oracle Cloud applications continue to evolve and expand — ensuring they can grow with us over time. This was important when looking for a company that could be a true partner and understand our unique business needs.”

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TECHNOLOGY

NRF: Retail sales outlook positive for Super Bowl

BY Marianne Wilson

It’s shaping up to be a big year for the big game.

American consumers are expected to spend an average $81.17 for a total of $15.3 billion as an estimated 188.5 million people watch the New England Patriots take on the Philadelphia Eagles in the Super Bowl on Feb. 4, according to the annual survey by National Retail Federation and Prosper Insights & Analytics. Total spending is estimated to rise 8.5% from $14.1 billion in 2017, while projected viewership is the same as last year.

Of the 76% of those surveyed who plan to watch the game, 82% say they will purchase food and beverages — up slightly from 80% year — and the highest in the survey’s history. Another 11% will buy team apparel or accessories, unchanged from 2017.

New televisions and decorations hold a similar draw for those planning to watch at home, with 8% planning to purchase each, also unchanged. Consumers 25 to 34 years old will spend the most of any age group at an average of $118.43.

“Consumers are carrying strong spending momentum from the holiday season into their Super Bowl festivities,” Prosper executive VP of strategy Phil Rist said. “This is evident through increased plans for purchasing while the number of viewers remains steady with last year. Fans aren’t afraid to spend a few extra dollars to make this year’s game the best one yet.”

 

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TECHNOLOGY

Boxed may have another suitor—and it’s a giant one

BY CSA Staff

Kroger Co. apparently isn’t the only retailer interested in acquiring Boxed, which sells bulk groceries, household products and other items online.

Boxed founder and CEO Huang recently visited Amazon’s Seattle headquarters, reported the New York Post.

According to the report, Kroger made an offer for Boxed in the $300 million to $400 range, but it was rejected.

To read more, click here.

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