Saks Project Evolution: IT Transformation | Retail Best Practices | RIS News: Business/... - 0 views
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Oracle Retail on 20 Aug 12Saks, Inc. is evolving to embrace omni-channel retailing through a series of infrastructure and systems enhancements slated to take place over the next several years. This is a transitional time for the company and these investments will position Saks for the future, allowing it to deliver incremental sales and improve operating margins over time. To support its omni-channel and IT initiatives, Saks will invest one-third of its $120 million CapEx on Project Evolution, a multi-year transformation of and investment in systems technology with Oracle. Project Evolution will deliver new merchandising, finance and human resources systems and capabilities on an integrated application suite for the entire business.