BHV Selects Retek's Data Warehouse Solution; Galeries Lafayette Division to Improve Decision Making and Access to Information with Retek.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--Sept. 17, 2002 Retek Inc. (Nasdaq:RETK) announced today that BHV BHV Brussel-Halle-Vilvoorde (Flemish) BHV Bazar de l'Hôtel de Ville (French) BHV Bovine Herpesvirus BHV Bruxelles Halle Vilvorde (French) BHV Bead Hive France has selected Retek's Data Warehouse solution to provide buyers and merchandisers with more accurate and timely information on product and supplier performance, enabling increased profitability across BHV's broad merchandise assortment. BHV, a division of leading French retailer Galeries Lafayette The Galeries Lafayette is a French department store company. History In 1893 Théophile Bader and his cousin Alphonse Kahn opened a fashion store in a small haberdasher's shop at the corner of rue La Fayette and the Chaussée d'Antin, Paris. , has 14 stores in France and annual sales of over $680 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Managing information within a business is critical. Leveraging Retek's scalable retail data warehouse will enable BHV to provide better information to the appropriate functions in its business, especially its centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. buying team. BHV selected Retek based on its ability to drive quick improvements and a rapid return on investment. BHV will implement Retek's Data Warehouse solution to give senior management, buyers, planners and merchandisers access to the same source of product and sales information to ensure that all functions are making decisions from "one version of the truth." Better, more timely information through Retek's solution will increase the retailer's ability to make key business decisions and positively impact sales, inventory levels, markdowns, gross margin and customer satisfaction. "The retail industry has always been marked by an abundance of data," said Peter Espinosa, senior vice president of worldwide field operations with Retek. "Retek Data Warehouse puts the power to succeed in the hands of the decision makers. The solution will help BHV to make faster, well-informed decisions that will result in improved business performance. Retek is very excited to partner with a leading fashion retailer like BHV." About BHV BHV is a chain of 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. specializing in homeware and leisure products. BHV's turnover was 700 million Euros in 2001. It has 14 stores in France in total, eight of which are located in Paris and surroundings. It also operates one distribution center. About Retek Inc. Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek 10 integrates collaborative software This is a list of collaborative software (or list of groupware) applications. Wiki software is on a list of wiki software. Open source or free software The following are open source or free software applications. with patented predictive technologies, consulting services, and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Leading global retailers including Tesco, Best Buy, Gap Inc., Sainsbury's, Eckerd Corp. and Selfridges use Retek solutions. On the net: Retek at http://www.retek.com. 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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