Tesco Begins Worldwide Upgrade of Stores to Retalix StoreLine V8 and Retalix PocketOffice; Kipa Hypermarkets in Turkey Are the First Tesco Stores to Implement Retalix's Windows-Based POS, Back Office and Mobile PocketOffice Applications.RA'ANANA, Israel -- Retalix Ltd. (Nasdaq:RTLX) announced today that Tesco PLC, one of the world's leading retail chains, has begun a worldwide upgrade of its store systems to Retalix StoreLine V8 with POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , Front Office, Back Office and Mobile PocketOffice applications. The first Tesco store to implement the complete Retalix solution is a Kipa hypermarket hy·per·mar·ket n. A very large commercial establishment that is a combination of a department store and a supermarket. hypermarket Noun a huge self-service store [translation of French in Turkey, which has been running the system successfully since June. The store is located in Bodrum, with 35 tills, 10 Retalix PocketOffice units, and 11 Terminal servers. This pilot is an important milestone for Tesco and Retalix, which has served as a key technology partner to Tesco for over a decade. Currently, the Retalix StoreLine V7 solution is installed in over 2,000 Tesco sites worldwide. The "Tesco in a box" solution, including the Retalix applications, will be the standard platform for all Tesco stores in the UK, Europe, and Asia. The Retalix solution includes Windows-based StoreLine POS, Front Office and Back Office applications, including Cash Office, Receiving, Inventory Management and Shelf Labeling. The integrated system streamlines store operations and inventory management, thus allowing employees to spend more time on the sales floor, providing better service to customers. In addition, the mobile solution Retalix PocketOffice is fully integrated into the system, and is used for receiving and counting stock, enabling employees to update critical information from anywhere in the store. Retalix has fulfilled the role of preferred IT partner for Tesco since 1995 and has been at the forefront of developing innovative software solutions designed to meet the requirements of Tesco's "International Strategy" initiative that mandates a uniform standardization of retailing software technology in every geographic territory. Colin Cobain, Group IT Director in Tesco, commented, "The new Retalix solution will help us to improve availability and price integrity in our stores across the world and will mean more staff on the shop floor serving our customers. The system has been running successfully with excellent performance and stability in Turkey, and we are looking forward to seeing the benefits of the planned global deployment of this solution in all of our stores." Barry Shaked, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Retalix Ltd, said, "Retalix is proud to serve as a key technology partner to Tesco, which has earned a reputation as one of the most innovative and efficient retailers in world. We are committed to working closely with Tesco to develop software solutions that support their goals of standardization across their global retailing organization, while continuing to enhance the functionality, reliability, and usability of the applications we deliver." About the Tesco Group Tesco PLC, the UK's number 1 supermarket, operates over 2,300 stores in the UK, Ireland, Hungary, Poland, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Slovakia, Turkey and Asia. Tesco's operations include convenience ("Tesco Express"), small urban stores ("Tesco Metro"), hypermarkets ("Tesco Extra"), financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and a telecoms business. Tesco is also a leader in online grocery sales through its online store at www.tesco.com. About Retalix Ltd. Retalix Ltd. provides integrated enterprise-wide software solutions for the food and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and retail and distribution industries worldwide. Retalix solutions are installed in supermarkets, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , fuel stations, and quick service restaurants, as well as foodservice, grocery, convenience products, and fast moving consumer goods “CPG” redirects here. For other uses, see CPG (disambiguation). Fast Moving Consumer Goods (FMCG), also known as Consumer Packaged Goods (CPG), are products that have a quick turnover and relatively low cost. distribution organizations. The Company offers a full portfolio of software applications that automate essential retailing, distribution and supply chain management operations. These applications enable users to increase operating efficiencies, while improving customer acquisition, retention and profitability. With more than 34,000 installations across 50 countries, Retalix develops and supports its software through more than 1,200 employees in its various subsidiaries and offices worldwide. For further information, please visit the Company's web site at www.retalix.com. 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. for Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning 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 and U.S. federal securities law. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Retalix's anticipated future financial performance and growth, the ability to complete the conditions necessary for TCI's merger with Retalix, the integration of Retalix's acquisition of TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. as well as its other acquisitions, management of the anticipated increased market share of supply chain solutions and enterprise-wide solutions, continued roll-outs with existing customers, the market reception of its new e-marketplace and ASP services and broader integrated offerings and solutions, the potential benefits to food and fuel retailers and suppliers, expansion into new geographic markets, the conversion of sales leads A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). into customers and the ramp-up of ASP users, the continuing integration of Retalix's acquisition of OMI (1) See Open Market. (2) (Open Microprocessor Initiative, Brussels, Belgium) An organization that functions under the umbrella of the European Commission. It funds projects that research and develop advanced microcontroller technologies. and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including Retalix's Annual Report on Form 20-F for the year ended December 31, 2004, for a discussion of these and other important risk factors. Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion