Answear.com Partners with Oracle Cloud to Enhance Retail Planning with AI
Answear.com, a leading European fashion e-commerce retailer, has teamed up with Oracle Cloud to revolutionize its merchandise financial planning. The collaboration leverages Oracle's AI-driven Retail solutions to optimize inventory management and support international expansion across 12 markets.
The integration of Oracle Retail Merchandise Financial Planning and Oracle Retail AI Foundation will enable Answear.com to better align with seasonal trends and customer demands. Magdalena Dąbrowska, Board Member at Answear.com, emphasized the need for scalable solutions to adapt quickly to evolving market conditions.
This strategic MOVE aims to reduce markdowns and improve operational efficiency for the retailer, which offers over 200,000 products from 700 global brands. The partnership underscores the growing role of cloud-based AI solutions in transforming traditional retail operations.
