Big Lots Moves to Teradata; Merchandising and Operations Benefits Expected.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--March 23, 2004 Big Lots, Inc. (NYSE NYSE See: New York Stock Exchange :BLI BLI Buyers Laboratory Inc BLI BirdLife International BLI Budget Line Item BLI Blue Ling BLI Busy Lamp Indicator (VoIP) BLI Bellingham, WA, USA - Bellingham International (Airport Code) ), the nation's leading closeout closeout, closure the finalization of a feeding program in a feedlot. The cattle are sold and a balance sheet is struck which includes the costs of feeding and housing or confining them. retailer, today announced the acquisition of an enterprise data warehouse and associated analytical tools from Teradata, a division of NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. (NYSE:NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers ). The new system will initially manage sales and inventory analysis and reporting for the fast-growing retailer, and then expand to cover loss prevention, space planning, 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 allocation, markdown Markdown The difference between the highest current bid price among broker-dealers in the market and the lower price that a dealer charges a customer. Notes: The broker offers a lower price to try stimulate trading in hopes that they will make the money back on the extra price optimization, supply-chain optimization, data mining and ad-hoc query and analysis. The Teradata(R) enterprise data warehouse, which replaces a series of dated systems, is set to be installed and operating before the end of the year. Big Lots anticipates that the new technology will enable business users in all phases of its operation to make better decisions faster with the end result of improving both top-line and bottom-line performance. "We are partnering with Teradata to give our team the power needed to optimize business activities throughout Big Lots. These new tools will improve our store operation efficiencies, increase our purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. and enhance our marketing abilities," said John Zavada, senior vice president and chief information officer, Big Lots. "As Big Lots grows, we'll continue to leverage this technology to accommodate our requirements." "Teradata's solutions will help Big Lots meet its best-practices performance standards by facilitating ad-hoc query capabilities and will provide data-mining capabilities to address the challenges of an ever-changing marketplace," said Rob Berman, Teradata vice president of retail. "We are honored that yet another leading retailer has put its trust in the technology we create." About Big Lots, Inc. Big Lots, Inc. (www.biglots.com) is the nation's largest broadline closeout retailer with annual revenues exceeding $4 billion. Headquartered in Columbus, Ohio, Big Lots operates more than 1,400 retail stores serving 46 states. Four regional distribution centers throughout the country, ranging in size from 1 million to 3 million square feet, provide the company's stores with brand-name products from more than 3,000 manufacturers. Big Lots offers merchandise at 20 percent to 40 percent below most discount retailers and up to 70 percent below conventional retailers. Founded in 1967, the company employs more than 45,000 associates across the United States. By creating excitement with brand-name closeouts and bargains through a unique shopping experience, Big Lots meets the needs of customers by providing an assortment of merchandise including consumables, seasonal products, furniture, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , toys and gifts. Big Lots 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. under the symbol BLI. About Teradata Division Teradata, a division of NCR Corporation (NYSE:NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions (www.teradata.com) to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability. About NCR Corporation NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 29,000 people worldwide. NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries. |
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