The Armani Group Selects Retek Point-of-Sale for Its Stores around the World.MINNEAPOLIS -- Retek, Inc. announces that the Armani Group, a worldwide industry leader in the luxury fashion sector, has chosen to expand its relationship with Retek. The Armani Group is rolling out a global implementation of Retek Point-of-Sale (RPOS RPOS Retail Point of Sale RPOS Regular Peacetime Operating Stock RPOS Radiant Point of Sale ), a Java-based flexible and scalable application that allows customers to complete a purchase anywhere in the store. RPOS will serve as a common store platform to support mission critical point-of-sale transactions in the Armani Group's worldwide network of 304 direct stores. The Armani Group operates group stores throughout North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and the Middle East and Asia / Pacific. "We have confidence in Retek to support our global business. Retek is one of the only Java POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale vendors that is supporting an international business today," said Gianni Piazza, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. 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 . Group. "A single Java platform Running Java programs under the Java Virtual Machine (JVM). Java "platform" refers to the running of Java programs versus Java itself, which is a programming language. Java programs are machine independent and run intact on any hardware platform that has a Java interpreter (JVM). for all geographies will simplify maintenance and support, reduce our overall cost of technology ownership, and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , allow us to provide optimal levels of service for our customers by leveraging common business practices between locations." Retek POS provides retailers with a technologically advanced application that delivers rapid execution and greater personalization while enabling reduced operating costs and greater flexibility. RPOS is part of Retek's Integrated Store Operations Solution that includes Inventory Management and Customer Order management. The Armani Group currently uses Retek's Store Inventory Management (SIM) solution to drive store revenue and productivity by supporting complex product control and availability tasks in the U.S. stores. The company has generated considerable value through reduced staffing and inventory carrying costs Carrying costs Costs that increase with increases in the level of investment in current assets. , by diverting external product handling into the store and closer to the point of purchase. "We are delighted to move into this next phase of our relationship. The Armani Group is a thought-leader in the store environment and is changing the economics of store operations," said Greg Donnelly, Vice President of Integrated Store Operations at Retek. "It's rare to find a partner that can so efficiently bring an IT vision to life, while keeping an eye on what the consumer values." About Giorgio Armani Group The Armani Group is one of the leading fashion and luxury goods groups in the world today with 4,700 direct employees, 13 factories and over Euro 4 billion in retail sales. It designs, manufactures, distributes and retails fashion and lifestyle products including apparel, accessories, eyewear, watches, jewellery, home interiors, fragrances and cosmetics under a range of brand names: Giorgio Armani, Armani Collezioni, Emporio Armani, AJ Armani Jeans, A/X Armani Exchange, Armani Junior and Armani Casa. About Retek, Inc. Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek solutions integrate collaborative software with patented predictive technologies, consulting services and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Leading global retailers including Tesco, Best Buy, Gap Inc., Sainsbury's, Eckerd Corp. and Selfridges use Retek solutions. Visit Retek on the Web at www.retek.com. 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. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. Editor's note: There should be a vertical bar between "AJ" and "Armani Jeans" in the paragraph marked "About Giorgio Armani Group." This symbol has been removed to prevent any unreadable data. |
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