Giorgio Armani Driving Business Value with Retek Store Systems; Armani Improving Retail Operations with Retek Through Wireless Hand-Held Deployment.
Business Editors & Technology Writers
MINNEAPOLIS--(BUSINESS WIRE)--May 29, 2002
Retek Inc. (Nasdaq:RETK) announced today that the retail operations of Giorgio Armani This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using . are expanding the use of Retek Store Systems (RSS (Really Simple Syndication) A syndication format that was developed by Netscape in 1999 and became very popular for aggregating updates to blogs and the news sites. RSS has also stood for "Rich Site Summary" and "RDF Site Summary. ), leveraging the solution to improve supply chain operations. Retek supports Armani operations 28 retail stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Armani uses Retek Store Systems for store operations management, supporting critical store level activities including receiving, stock adjustments, transfers, return to vendor, ticketing and stock lookups. Retek Store Systems has been deployed throughout Armani's stores in a wireless environment, and is deployed onto handheld devices within the store.
"Providing our customers with high levels of service is very important," said Stephen Culver, Chief Information Officer with Giorgio Armani, US. "Retek has provided Armani with a strong store operations solution that enables real-time information to flow between the store and headquarters. With this information, we have been able to reduce inventory, improve labor management, and most importantly, improve customer service. We are excited about additional improvements in our supply chain area through the expanded use of Retek Store Systems."
Armani will expand the usage of RSS to facilitate more efficient supply chain operations. North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. stores receive product from company headquarters in Milan, Italy. Armani will utilize advanced shipment notice (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ) data to manage the shipment of product directly from the manufacturer to the store, eliminating the need for Armani's retail warehousing function. Armani is also using other Retek solutions for merchandising operations management.
"We're seeing what many have labeled the store revolution," said Peter Baskin, vice president of Retail CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. solutions with Retek. "The ability to access and control key business processes closer to the point of customer interaction is a central theme and primary value driver. In addition to a leadership role in fashion and design, Armani is clearly a leader in technology and retail operations."
"Retek solutions are driving value for retail operations of all sizes," added Patrick Bohannon, vice president with Retek. "The Armani implementation demonstrates how Retek solutions can be deployed quickly to enable rapid business benefit, and be efficiently supported with minimal IT staff. Armani's success is demonstrative of Retek's commitment to retailers of all sizes, on a global level."
About Armani Group
The Armani Group is one of the leading fashion and design groups in the world today. It designs, manufactures, distributes and retails fashion products, including apparel, accessories, eyewear, watches, home products, fragrances and cosmetics under a range of lifestyle brand names: Giorgio Armani, Armani Collezioni, Mani Mani (mä`nē): see Manichaeism.
or Manes or Manichaeus
(born April 14, 216, southern Babylonia—died 274?, Gundeshapur) Persian founder of Manichaeism. , Emporio Armani, Armani Jeans, Armani Junior and Armani Casa. The Group's exclusive retail network currently comprises 52 Giorgio Armani boutiques, 1 Giorgio Armani accessori, 8 Armani Collezioni stores, 117 Emporio Armani stores, 7 Armani Jeans stores, 3 Armani Junior stores and 6 Armani Casa stores in 34 countries.
About Retek Inc.
Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek's collaborative solutions help the retail industry create, manage and fulfill consumer demand. The RIS RIS
rabies inhibiting substance. News Leaderboard lead·er·board
A board that displays the leaders in a competition.
a board displaying the current scores of the leading competitors, esp in a golf tournament 2001 ranked Retek the #1 software vendor for retail. Retek's offering, Retek 10, encompasses Retek's proven strategies, sophisticated software applications, patented predictive technology, unparalleled services, and the best practices of its customers and partners. Retek 10 provides retailers with the fastest path to sustainable business value. Many of the world's leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Gap, Sainsbury's, Eckerd Corp. and Kohl's Department Stores. For more information, visit http://www.retek.com, or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646.
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.
See 10-K. and other reports filed with the Securities and Exchange Commission.