Best Buy Chooses Additional JDA Software Applications; $12.5 Billion Electronics Retailer Selects JDA Based On Previous Return On Investment.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oct. 31, 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 Best Buy Co. Inc. (NYSE NYSE See: New York Stock Exchange : BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ), the nation's largest volume specialty retailer of consumer electronics, personal computers, entertainment software and appliances, is implementing Arthur Performance Analysis(TM), and Arthur Information Manager(TM)(AIM) database. Best Buy initially licensed JDA's Arthur Planning in 1996 and continues to maximize its investment by working with JDA consultants to implement the product's latest advanced capabilities such as location planning. By licensing additional Arthur applications, Best Buy will have immediate access to current location performance information, which will enable the retailer to quickly identify trends and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities. "We pride ourselves in creating a no-pressure shopping experience that is fun and informative for our customers," stated Sheila Brick, director of location planning for Best Buy. "By integrating Arthur Performance Analysis and AIM with the proven merchandising and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against capabilities of Arthur Planning we will be able to better serve our customers while optimizing sales and reducing in-store expenses." Explained Brick, "The additional Arthur applications will enable us to focus in on margins, sales and units at the location level. Based on this information, we plan to take tactical actions, such as allocating labor by department to improve customer satisfaction." "We are thrilled to build upon our much valued relationship with Best Buy," commented JDA's Greg Morrison, senior vice president, worldwide regional operations. "Having already experienced a significant return on investment with Arthur and Intactix, Best Buy is now even better positioned to maximize the comprehensive capabilities in our floor-to-financial applications. "The applications are designed to foster precise merchandise decisions and provide the flexibility to quickly adapt as new business opportunities arise." Best Buy plans to go live with AIM and Arthur Performance Analysis in November 2000. About Best Buy Co. Inc. Minneapolis-based Best Buy Co. Inc. is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The company reaches consumers nationwide through its more than 400 retail stores located in 40 states and online at www.BestBuy.com. About JDA Software JDA Software Group, Inc. is a demand and supply chain partner to the world’s leading retailers, manufacturers and suppliers and is located in Scottsdale, AZ. History Jim Armstrong, co-founded the U.S.-based JDA Software in 1985. Group Inc. With more than 1,000 retail and 2,500 manufacturing clients, JDA Software Group Inc. is the global leader in providing integrated software Separate software components or applications that have been combined into one package. See integrated software package. and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. that address real-world issues to help multi-channel 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , 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 in reliance upon 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. provisions 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 forward-looking 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 "Risk Factors" section of JDA's filings with the Securities and Exchange Commission. JDA undertakes no obligation to update information in this release. "JDA," is a registered trademark and "Arthur Planning," "Arthur Information Manager," "AIM," "Arthur Performance Analysis" and "Arthur Performance Analysis Web Gateway" and "Intactix" are trademarks 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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