Oracle's $25 Billion Retail App Buying Spree May Be Paying Off

Initial indications suggest that Oracle's $25 billion retail app buying spree may have been quite shrewd, according to this Bloomberg story.

The story painted a picture of a move that at the time seemed quite risky. Risky, that is, to anyone who didn't work in retail. "With margins as thin as 1 percent, retailers were among the most conservative software buyers, typically purchasing the cheapest programs and using them for as long as possible," the story said. "Department store owners and other retailers changed as supply and inventory management became more complex, merchants offered goods from more overseas companies and Internet sales expanded."