i2 Continues to Validate Market-Leading Position in Highly Competitive Retail Transportation Vertical
Dallas, TX -- 17 September 2002 -- i2 Technologies, Inc. (Nasdaq: ITWO), the leading provider of value chain management solutions, today announced that Gap Inc. (NYSE: GPS), one of the world’s largest specialty retailers, has selected i2 to provide technology for its transportation management initiative. Gap Inc. intends to take advantage of i2’s proven suite of transportation products to automate key business processes associated with carrier RFQ optimization, purchase order collaboration, inbound and outbound shipment planning and global freight visibility.
The i2 Transportation solution is designed to help Gap Inc. reduce operating costs while maintaining the highest delivery service standards to both its distribution centers and 4,000-plus retail stores. This transaction is not expected to substantially impact i2 revenues for the fiscal third quarter of 2002.
“Gap was seeking an integrated solution to support its requirements for transportation procurement, planning and execution” said Ken Harris, Chief Information Officer for Gap Inc. “We undertook an extensive evaluation of the market and chose i2 as best-in-class for us in transportation management software, especially in the areas of web-based functionality, processing performance and scalability. i2’s understanding of the business opportunity and their strong commitment and focus on achieving benefit for Gap Inc. were additional factors in our decision.”
“Our objective in using the i2 technology is to quickly deliver bottom line cost improvements, customized store service options, and a flexible infrastructure for Gap Inc.” said Chuck Williams, Gap Inc.’s VP of Transportation. “We needed a partner committed to helping us drive innovative supply chain solutions not just today but in the future” said Williams.
“We listened carefully to Gap executives throughout the evaluation process to ensure that we fully understood their business challenges and goals, enabling us to put together a strategic plan designed to meet all of their transportation needs,” said Terry Turner, senior vice president, i2 Consumer Goods and Retail. “As a result, our partnership with Gap will be centered around the sustainable value that Gap can create for its internal supply chain, its transportation providers and its valued supplier base. Our extensive work in the Retail sector gives us a deep understanding of both the challenges and the resulting value that can be achieved through optimizing the entire transportation value chain.”
i2 is the leading provider of value chain management solutions. i2’s value chain management solutions help companies plan and execute the activities involved in managing supply and demand. These solutions span the entire scope of value chain interactions, including supplier relationship management, supply chain management and demand chain management. Learn more at www.i2.com.
i2 is a registered trademark of i2 Technologies, Inc. and its subsidiaries.
Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic and Old Navy brand names. Fiscal 2001 sales exceeded $13.8 billion. Gap Inc. operates stores in the United States, the United Kingdom, Canada, France, Japan and Germany. In the United States, customers also may shop the company`s online stores at gap.com, BananaRepublic.com and oldnavy.com.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward-looking statements regarding the customer`s ability to implement or integrate i2 solutions successfully and in a timely fashion with each other, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors, which could impact i2`s financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2`s recent filings with the SEC, particularly the Form 10-K filed April 1, 2002 and Form 10-Q filed August 14, 2002. i2 assumes no obligation to update the forward-looking information contained in this news release.
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