Macys.com Shops Around and Picks SAS For Merchandising and Financial Analytics.Direct-to-Customer Retailer Will Use Marketmax Planning Software and SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. ([R]) Financial Management To Tie Merchandising Back To CFO's Office CARY, N.C. -- SAS, the leader in business intelligence, announced today that it will deploy Marketmax planning software at Macys.com to help the retailer customize its merchandising processes. Macys.com also will take advantage of the SAS([R]) Financial Management software suite to enhance its financial reporting activities. Macys.com is a division of Federated Connected and treated as one. See federated database and federated directories. 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. Inc. (NYSE NYSE See: New York Stock Exchange :FD) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. : FD). Kent Anderson Kent McKay Anderson (Born August 12, 1963) in Florence, South Carolina, is a retired Major League Baseball infielder. Anderson played for one team during his career, the California Angels (1989-1990). , president of Macys.com, said they considered many competing software companies but chose SAS because it better matched the company's overall needs. "SAS has a significant amount of experience in the retail industry," he added. "One of the things we liked most about SAS is its ability to combine merchandising and assortment modules with financial modules. Being able to do that allows us to consolidate our processes." "Macys.com stocks warehouses, not stores," said Anderson. "We need to be able to customize our reporting and assortment planning Assortment Planning is a mission critical function for retailers. This is the place where the retailer meets the customer. The place where the retailer must buy exactly what their customers will buy. . There's a lot of useful data within Federated, and we needed a suite of tools to model the data differently to fit the unique Macys.com business model." "Federated Department Stores is a successful, long-time SAS user," said Lori Schafer, vice president, global retail practice at SAS. "And we're pleased to add another one of Federated's divisions into the SAS community. Marketmax is integrating with legacy systems at Macys.com, and we believe our involvement will help the company gain efficiencies and help them grow." Macys.com bought Marketmax 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 , Marketmax Performance Analysis, Marketmax Assortment Planning, SAS([R]) Financial Management and SAS([R]) Enterprise BI Server. "We expect to see results within the first year after implementation," Anderson said. "Success will mean increased productivity for my team and for individual SKUs." About Macy's Macy's, the largest retail brand of Federated Department Stores, Inc., delivers fashion and affordable luxury to customers at more than 800 locations in 45 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and Guam. Offering distinctive assortments including exclusive fashion and home brands, Macy's stores are operated by seven regionally based retail divisions - Macy's East, Macy's Florida, Macy's Midwest, Macy's North, Macy's Northwest, Macy's South, and Macy's West - and an online store at macys.com About SAS SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to improve performance through insight into vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW([R]). www.sas.com SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. [R] indicates USA registration. Other brand and product names are trademarks of their respective companies.[c] 2006 |
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