Ann & Hope Picks GERS Retail Systems to Deliver Merchandise Planning Solution.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 6, 2003 Venerable Retailer Acquires Sophisticated Planning Tool to Manage Merchandise Plans for Greater Customer Satisfaction and Overall Profitability GERS Retail Systems, a leading provider of business solutions for the retail industry, today announced that Ann & Hope, a specialty retailer with headquarters in Cumberland, R.I., has implemented the GERS PLANalyst Merchandise Planning Merchandise Planning is a strategic and systematic approach used by retailers, particularly in fashion and non-food areas. It is aimed at maximising return on investment, through planning and monitoring sales, margins and inventory in order to increase profitability. solution to increase the accuracy of their merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. forecasts. The easy-to-use solution from GERS allows them to shorten (audio, compression) Shorten - A form of lossless audio compression. their planning cycle, reduce markdowns and increase overall profitability. "With GERS' PLANalyst, our planners can quickly analyze historical buying patterns and share that information up and down the decision chain to create more accurate and timely merchandise plans," said Lloyd Merrill, vice president of information systems for Ann & Hope. "The ability to more precisely target categories by location will allow us to maximize our investment in inventory and create greater customer satisfaction and sales, to the betterment bet·ter·ment n. 1. An improvement over what has been the case: financial betterment. 2. Law An improvement beyond normal upkeep and repair that adds to the value of real property. of our bottom line." With PLANalyst, Ann & Hope can dynamically forecast, create, analyze, and manage merchandise plans to increase margins, decrease costs and develop more profitable customer relationships. Advanced functionality enables synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. of merchandise planning and forecasting, open-to-buy, and performance analysis, allowing Ann & Hope to tightly control the merchandise planning process and improve productivity. GERS also provided a solid foundation of best planning practices and a FasTrack implementation so that Ann & Hope could effectively realize the benefits of an integrated merchandise planning solution. "Ann & Hope, an organization that helped pioneer the concept of outlet shopping, is poised to reach a new level of success in retailing," said Phil Kenney, vice president of marketing for GERS Retail Systems. "We're looking forward to partnering with Ann & Hope and providing the tools to enable them to refine their merchandise planning processes for continued growth and greater profitability." "Partnering with the professionals at GERS has been a delightfully de·light·ful adj. Greatly pleasing. de·light  ful·ly adv.de·light positive experience," added Merrill. About Ann & Hope Ann & Hope operates 45 stores with several distinct discount outlet concepts such as Curtain and Bath Outlet, Garden Outlet, Dollar Outlet, CFO See Chief Financial Officer. Fashion Outlet, and the Kids Outlet. These stores currently operate in Massachusetts, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Connecticut and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). with the corporate offices located in Cumberland, R.I. About GERS Retail Systems With nearly 30 years of experience and 300 installations worldwide, GERS Retail Systems is a leading supplier of software solutions for the retail marketplace. The GERS Electronic Retail Enterprise includes mission-critical transaction management applications for multi-channel retailing, and provides fully integrated corporate office applications for merchandise replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. and allocation, distribution center management, and financial control. Integral to the GERS solution set are Business Intelligence applications for predictive modeling and decision support, Merchandise Planning and Allocation tools for increasing returns on inventory investments, and Supply Chain solutions for streamlining communications and maximizing productivity across the enterprise. For more information, visit www.gers.com http://www.gers.com. |
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