Best Buy selects Comshare Retail's Arthur; shortened planning cycle a key benefit.WILMINGTON, Del.--(BUSINESS WIRE)--May 28, 1996--Comshare Retail, a division of Comshare, Inc. (CSRE CSRE Comparative Studies in Race and Ethnicity CSRE Closed System Respirator Evaluator : NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on -- NM) and the retail industry's leading provider of decision support applications, today announced that Best Buy Co., Inc. has chosen its Arthur(TM) decision support applications software to manage its 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. and performance tracking activities. Minnesota-based Best Buy, with revenues of $7.2 billion in fiscal year 1996, is the nation's largest volume specialty retailer of name brand consumer electronics, personal computers and home office products, entertainment software and appliances. In deciding to implement Arthur, Best Buy expects to benefit from a more focused and efficient merchandise planning process. "With Arthur, we can move our plans from what was a fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. spreadsheet-based environment to a single, integrated software package Software that combines several applications in one program, typically providing at least word processing, spreadsheet and database management. Presentation graphics, page layout, paint, calendar, address book, e-mail and other applications may also be included. that has the flexibility to evolve and grow with our company," said Dan Lagermeier, Best Buy's manager of planning & analysis. With Arthur, 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. , financial, and operational plans are maintained in harmony. "Although our initial focus will be in the merchandising organization, we eventually see Arthur being used by other departments," commented Lagermeier. Comshare Retail's Arthur applications enable a retailer to better manage their supply chain, foster customer satisfaction, and enhance overall retail performance. The applications allow retailers to more effectively plan and allocate merchandise, as well as, track and measure the impact these merchandising decisions have on their business. Best Buy will use Arthur to enhance their ability to closely monitor and manage their business. "Arthur's tracking capabilities make quick drill down analysis possible, allowing the user to explore a problem or a potential problem and identify the root cause of it," said Lagermeier. Additionally, Best Buy will employ Comshare's powerful Detect & Alert(R) software, which uses intelligent agents or robots to routinely scan through massive amounts of data, identify problems or opportunities, and automatically alert the user of this information. "Less time is spent looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. areas that need to be addressed, leaving more time to analyze a situation and take action," explained Tom Redd, Comshare's director of marketing. Comshare Retail and Best Buy will work together to systematically phase Arthur into the retailer's planning process. Initially, Arthur will be used for chain level planning and tracking, but over time the application will be applied at more detailed levels, up to and including store level planning. "In the end," concluded Lagermeier, "Arthur will enable us to develop more detailed plans on a more frequent basis. We will be able to shorten (audio, compression) Shorten - A form of lossless audio compression. our planning cycle and work off of more timely plans." Best Buy Co., Inc. Best Buy is the nation's largest volume specialty retailer of name brand consumer electronics, home office products, entertainment software and major appliances A major appliance is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting. . The company, celebrating its 30th anniversary this year, operates 259 locations in 31 states. Best Buy's common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , symbol BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) . Comshare Retail For aggressive retail organizations with long-term vision who must have detailed planning, allocation and reporting/tracking capabilities, Comshare Retail provides Arthur. Arthur is Arthur I, 1187–1203?, duke of Brittany (1196–1203?), son of Geoffrey, fourth son of Henry II of England and Constance, heiress of Brittany. Arthur, a posthumous child, was proclaimed duke in 1196, and an invasion by his uncle King Richard I of England was a family of supply chain focused applications that brings together the power of technology and the value of "built-in" retail knowledge. This mix helps retailers deliver profitable and appealing merchandise offerings. Unlike any other software company in the world, Comshare Retail is committed to providing "Whole Product" solutions incorporating applications, implementation, training and support -- keeping retailers using Arthur one step ahead of their competition. Comshare, The Decision Support Company, develops, markets and supports complete decision support applications designed to improve business analysis, planning, reporting and decision making. Comshare decision support applications result in better decisions, improved profits, andenhanced competitiveness for its more than 3,000 customers in over 40 countries worldwide. Comshare, Inc. is a Microsoft Solution Provider. For more information about Comshare Retail products and services, call 1-800-479-RETAIL or see our home page on the worldwide web at http://www.comshare.com Comshare, Comshare Retail and Detect and Alert are registered trademarks of Comshare, Inc. Arthur is a trademark of Comshare, Inc. All other trademarks are property of their respective holders. NOTE: There should be two forward slashes The forward slash, or slash, character (/) is the divide symbol in programming and on calculator keyboards. For example, 10 / 7 means 10 divided by 7. The slash is also often used in command line syntax to indicate a switch. For example, in the DOS Xcopy statement xcopy *. between "http:" and "www" in the World Wide Web addresses listed in this releases. These symbols may not print properly on some computer systems. CONTACT: Comshare Retail Tom Redd or Nancy Mullin, 302/479-5454 or Comshare, Inc. Dan Jankowski, 313/769-8742 |
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