$2 Billion+ Value City Department Stores Selects JDA Software's MMS and Retail IDEAS; Leading Off-Price Retailer Expects to Save Millions with JDA.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--August 1, 2000 JDA JDA Japan Defense Agency JDA Joint Development Agreement JDA Janne da Arc (band) JDA Joint Duty Assignment JDA Jerusalem Development Authority JDA Jovian Detention Authority (gaming) (R) Software Group Inc. (Nasdaq: JDAS) Tuesday announced that Value City Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. Inc. (NYSE NYSE See: New York Stock Exchange : VCD See Video CD. VCD - Video Compact Disc ), a leading off-price retailer with sales exceeding $2 billion, licensed Merchandise Management System A merchandise management system (MMS) is an automated information system to keep track of the inventory in a warehouse or store. Usually the merchandise can be grouped into product lines. (TM)(MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. (R)) and Retail IDEAS(R) data warehouse. After completing a comprehensive study of five retail software vendors, Value City selected JDA's solution in second quarter 2000 for its superior capabilities and design that will enable them to realize a significant return on investment. "Because MMS and Retail IDEAS are integrated and provide closed-loop decision support, we expect to achieve new levels of efficiencies that will save us millions of dollars. From finance to merchandising and warehousing, everyone is going to be on the same page with the same information for the first time," stated Larry Murray For the baseball player, see . Vice Admiral Larry Murray, CMM, CD, BA, (born 6 June 1947 in Stratford, Ontario) is a Canadian civil servant, retired Vice Admiral and former acting Chief of the Defence Staff. , Value City senior vice president and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. . "JDA's software is just better designed for retailing and will meet our needs more precisely than any other package on the market." In addition to improving job efficiencies in clerical and managerial positions, Murray said that the retailer will benefit by using JDA to streamline its warehousing methodology. "We also expect payback by more effectively distributing merchandise to our stores. This will in turn improve the product selection for our customers and at the same time give us a better sell-thru." "Value City operates to a by-line of 'It's Your Money. Get More for It.' This speaks volumes about their ethos of delivering great value to their customers," stated Hamish Brewer, JDA's senior vice president of sales. "JDA's solution is a natural extension of this philosophy. We have a proven history of consistently delivering more value at a lower cost, and in a shorter time, to more major retailers than any other software vendor. "While others are spending many millions on endless technology projects with long lost pay-backs, with JDA, Value City will soon be able to have the most accurate and current information about their multi-chain operations at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. . "As a result, they will be able to plan and execute both operational and strategic initiatives to improve their bottom line and continue to rapidly extend their leadership position through expansion and acquisition." JDA Solution to Help Value City Improve Gross Margins According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Murray, MMS and Retail IDEAS will enable Value City to attain accurate inventory levels for its 118 stores, assist in managing purchase orders, receipts and stock ledgers, plus furnish precise information to buyers. "We do a lot of exception reporting so we can keep our eye on positive and negative daily trends," explained Murray. "Retail IDEAS will allow us to extrapolate extrapolate - extrapolation key information, view it in a format that suits our objectives and take actions that will result in improved gross margins. "In addition, it will enhance our information handling with vendors and provide accurate and effective reporting to key management and executives." "It's very flexible solution from an IT standpoint too," continued Murray. "Because JDA is committed to continually updating their systems with best-of-breed capabilities and the latest technology, we will be able to improve our computer operations and documentation standards by eliminating thousands of lines of custom-designed code that we currently maintain in our legacy systems." Value City plans to go live with MMS and Retail IDEAS simultaneously in February 2001. They will run MMS and Retail IDEAS separately on two IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) AS/400 730 models. About Value City Department Stores Value City Department Stores Inc. is a leading off-price retailer currently operating 118 full-line department stores in the midwest, mid-Atlantic and southeastern U.S., 17 Filene's Basement Stores primarily in the northeastern U.S., as well as 62 better-branded DSW DSW - penis war Shoe Warehouse Stores in major metropolitan areas throughout the country. About JDA Software Group Inc. With the world's largest base of multi-channel retailers and merchandisers, JDA Software Group Inc. is the global leader in providing integrated software and professional services that address real-world issues to help companies manage their mission critical operations. By capitalizing on its market position and financial strength, JDA commits significant resources in furthering its next generation of retail intelligent solutions that exploit the power of the Internet to meet emerging business needs. Founded in 1985, JDA is headquartered in Scottsdale and employs approximately 1,100 associates operating from 26 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more information, visit JDA at http://www.jda.com. Forward-looking statements contained in this press release are made under the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors are described from time to time in SEC reports filed by the company. "JDA," "MMS," and "Retail IDEAS" are registered trademarks and "Merchandise Management System" is a trademark of JDA Software Group. Any trade, product or service name referenced in this document using the name "JDA" is a trademark and/or property of JDA Software Group. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders. |
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