Ann Taylor Selects Compass Software from Torex Retail.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Ann Taylor Notable people named Ann Taylor include:
TRX Transaction TRx Total Prescription TRX Token Ring Switch TRX Transmit and Receive ) to implement its Compass 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. Ann Taylor will utilize the Assortment Planning Assortment Planning is a mission critical function for retailers. This is the place where the retailer meets the customer. The place where the retailer must buy exactly what their customers will buy. facility from Torex Retail's solution, including three additional modules covering Merchandise Planning, Store Planning and Allocation. Torex Retail is working closely with Ann Taylor to enhance the current solution and collaborate on additional functionality. Ann Taylor plans to implement these tools across the corporation. "We are excited to begin this partnership with Torex Retail. We believe their Assortment Planning tool will drive our client-centric strategies to new levels and support a more fully integrated planning process", comments Debra Berit, Executive Vice President of Planning and Allocation for Ann Taylor Stores Corporation. The deal was secured by Compass Software, now a division of Torex Retail following the purchase of Alphameric al·pha·mer·ic adj. Variant of alphanumeric. Adj. 1. alphameric - of or pertaining to alphanumeric characters alphamerical, alphanumeric, alphanumerical Retail in November 2004. Torex Retail is the UK's number one provider of retail technology solutions and a significant provider in Europe, Asia and North America. Torex Retail's customer base includes Dots, Tesco, Dixons Store Group, Marks & Spencer, Esprit and Montblanc. Rob Loosemore, Executive Chairman of Torex Retail plc, comments, "This win represents a tremendous start to 2005 and is a real proof point to underpin our acquisition of Alphameric's Retail division. As a business, we now have a foothold in the US market with a growing number of product deployments, which is something we will be looking to build upon in the year ahead. "With retail becoming an increasingly global business there are very few solutions providers geared to meet requirements on a worldwide basis, but I firmly believe that Torex Retail can address such needs," adds Loosemore. About Ann Taylor Ann Taylor is one of the US's leading women's specialty retailers, operating 743 stores in 45 states, District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Puerto Rico, and also online at www.anntaylor.com and www.anntaylorLOFT.com as of February 26, 2005 About Torex Retail plc Torex Retail plc is the UK's largest independent provider of retail technology solutions. Torex Retail's product and solution set spans high street and out-of-town retail and the petroleum and convenience sectors. Customers include Dixons, Woolworth, Selfridges, Shell and Argos. The company's products cover EPoS and a range of in-store and head office, loss prevention, logistics and performance and productivity solutions. www.torexretail.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion