Allders plc Selects Retek 10.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--April 10, 2002 $800 Million U.K. Department Store Chain's New Retek(R) Solutions to Support Strategic Objectives Retek Inc. (Nasdaq:RETK), announced today that Allders plc selected Retek solutions for advanced retail planning and optimization, merchandising operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and supply chain management. This key investment will replace legacy systems with Retek 10, an integrated, modular retail solution, and support Allders' goals for sustainable business A business is sustainable if it has adapted its practices for the use of renewable resources and holds itself accountable for the environmental and human rights impacts of its activities. growth and profitability. Allders, with annual sales of over $800 million driven through 42 U.K. stores, announced strategic objectives to double operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: and to increase square footage by one million square feet by late 2005. Allders will replace several legacy systems with Retek 10 solutions to help the company effectively manage continued growth of stores and sales transactions. ADVANCED RETAIL PLANNING Accurately planning and forecasting inventory is critical to the success of any retail operation. Allders selected Retek's Advanced Retail Planning and Optimization (ARPO ARPO Arkansas Post National Memorial (US National Park Service) ARPO Alliance for Responsible Pet Ownership ARPO Association of Retired Police Officers (Nassau County, New York) ARPO Acid Rain Policy Office ) solution to enable highly detailed and accurate planning, providing improved inventory control. With ARPO fully implemented, Allders expects to reduce lost sales and markdowns. "In addition to replacing outdated legacy merchandising systems, we also needed to provide the merchandising staff with planning and forecasting capabilities," said John Tangaa, CIO CIO: see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. with Allders. "With greater control and understanding of our inventory, we plan to reduce lost sales and markdowns. With the best track record for scalability and integration in the retail technology sector, Retek was the clearly the best choice." SUPPLY CHAIN MANAGEMENT Allders also selected a Retek supply chain management solution to manage imported product information. Allders customers have increased the demand for imported goods, particularly private label clothing and furniture, from the Far East and other areas. The Retek supply chain management solution will allow Allders to directly manage imports and reduce duty and tariff expenses the company would generally pay a third party agent. The new solution will also allow buyers and merchandisers to compare the actual landed cost of items from different locations, and make better sourcing decisions based on lowest total cost. "Retek's supply chain solution will allow us to take better control of our import process," said Val Selby, Logistics Director with Allders. "With a better understanding of a product's true landed cost, we hope to improve product margins." RETEK 10 The Retek 10 scalable infrastructure is perfect for companies like Allders who need flexible systems to grow with the company. The Retek 10 open architecture allows retailers to add new capabilities as required by the business, and provide a fast path to realize rapid business value. "Retek 10 was designed with leading companies like Allders in mind," said Gordon Masson, EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. president, Retek. "Flexible deployment options in Retek 10 allow retailers to start small and build to larger solutions through its modular architecture. For companies planning to grow in number of stores, sales or services, the flexibility to easily add and modify the retail infrastructure can have an immediate impact on reaching business goals." About Allders plc Allders plc is the 4th largest UK department store group with 42 stores in total, 21 of which are Allders 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. and 21 are Allders home stores specializing in furnishings, beds, homewares and home accessories. Two additional department stores are due to open in Oxford Street, Central London The term Central London refers to the districts of London which are considered closest to the centre. There is no such conventional definition, nor any official one, for the entire area that can be called "central London". in mid 2002 and in Plymouth, Devon in 2005. About Retek Inc. Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek's collaborative solutions help the retail industry create, manage and fulfill consumer demand. The RIS RIS rabies inhibiting substance. News Leaderboard lead·er·board n. A board that displays the leaders in a competition. leaderboard Noun a board displaying the current scores of the leading competitors, esp in a golf tournament 2001 ranked Retek the #1 software vendor for retail. Retek's offering, Retek 10, encompasses Retek's proven strategies, sophisticated software applications, patented predictive technology, unparalleled services, and the best practices of its customers and partners. Retek 10 provides retailers with the fastest path to sustainable business value. Many of the world's leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Gap, Sainsbury's, Eckerd Corp. and Kohl's Department Stores. For more information, visit http://www.retek.com, or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646. Retek is a trademark of Retek Inc. Other names may be trademarks of their respective owners. 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 the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. |
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