Austin, Texas, and Lerma, Mexico — Mexican retailer Waldo’s Dollar Mart is using Oracle Cloud finance and merchandising applications to manage its complex, multi-format business model while continuing to scale to offer customers more choices in products and buying channels. By moving to Oracle Cloud, Waldo’s consolidated and rationalized more than 62 legacy applications and streamlined its distinct business processes across its grocery and clothing operations.
Waldo’s operates more than 800 grocery and clothing stores throughout Mexico. By continuing to modernize its operations with Oracle Cloud, Waldo’s can now improve financial forecasting and make more informed inventory decisions while supporting its goal of opening approximately 70 new stores a year.
“Having the right tools in place was essential in supporting our diverse retail concepts and ability to meet our aggressive growth strategy,” says Laura Andrade Ortega, chief information officer, Waldo’s Dollar Mart. “Based on our long history, moving to the cloud with Oracle was the natural choice given the breadth of its portfolio and expertise in retail. Today, we have a fast pace of store openings on a weekly basis and plan to increase these numbers each month. Oracle Cloud solutions help us to better align data and business processes and give our teams the ability to focus on the most impactful needs of our business while continuing to increase our bottom line and meet customer expectations.”
“Waldo’s business model requires an agile operation that provides a great shopping experience for consumers eager for the best deals and a constant flow of unique new finds,” says Alex Alt, executive vice president of retail and hospitality, Oracle. “Through our continued partnership with Waldo’s, we have helped them consolidate applications and information to better serve its current storefronts while scaling to hundreds more with relative ease.”
Founded in 1999 in Tijuana, Baja Calif., Waldo’s Dollar Mart de México has become the most extensive dollar store market line in Mexico with more than 800 points of sale and presence in the whole country through its two-store formats: Waldo’s and Waldo’s Moda.
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SOURCE: Oracle Retail