Mid-Market Outdoor Sporting Goods Retailer to Improve Customer Service and Sales with Better Data Analysis Capabilities
MINNEAPOLIS - August 12, 2003 - Retek Inc. (Nasdaq: RETK) announced today that Eastern Mountain Sports (EMS) has selected Retek`s merchandising and planning solutions to better analyze its business and meet the expectations of its customers. EMS is one of the leading US outdoor specialty retailers with multi-channel operations (Internet and over 80 stores). With selective customers and unique demands by geography and store, EMS will benefit from Retek`s sophisticated merchandising and planning systems that will further enhance EMS` detailed inventory and sales analysis at the store/stock keeping unit (SKU) level.
"Retek`s proven success at other mid-market retailers made the selection of Retek solutions an easy choice for EMS," said Steve Brooks, CFO at Eastern Mountain Sports. "Retek understands the needs of mid-sized retailers and has the most sophisticated analytical capabilities in the industry. With Retek`s data warehouse we can better analyze SKU level performance, relationships of complementary products and opportunities to better serve our customers. The result will be improved customer satisfaction and financial performance."
Mid-market retailers can cost effectively deploy Retek solutions with the same best-of-breed features and functions as the world`s largest retailers. Eastern Mountain Sports will benefit from these Retek solutions:
* Retek® Merchandising System™ - provides a flexible, proven and scalable foundation from which to profitably and efficiently execute core merchandising activities for Eastern Mountain Sports` multiple retail channels (Internet and stores).
* Retek® Data Warehouse™ - melds massive amounts of data from different systems into user-friendly reporting that provides a single view of data for web-based strategic performance analysis.
* Retek® Demand Forecasting™ - leverages advanced scientific technologies and promotional and causal factors to develop the most accurate consumer demand at levels as low as SKU/store/day.
* Retek® Active Retail Intelligence™ - provides exception management that immediately identifies opportunities, recommends course of action and automates routine tasks.
"We are pleased that EMS has selected Retek solutions to drive more business with improved local market assortments," said Pat Bohannon, Retek`s vice president mid-market operations. "Mid-market retailers need the same sophisticated systems as large retailers. With many successful mid-market deployments, Retek has simplified its implementation process to deliver its solutions quickly and cost effectively for mid-market retailers."
About Eastern Mountain Sports
Eastern Mountain Sports (EMS) is a privately held company that was founded in 1967 in Wellesley Massachusetts by two rock climbers who had become dissatisfied with the poor selection of climbing equipment they found in existing stores. In addition to selling climbing gear, they added a selection of camping equipment in hopes of making money from the hobby that had turned into a viable business. From this small store outside Boston, Massachusetts, EMS has grown into one of the nation`s leading outdoor specialty retailers, with more than 80 retail stores, as well as a formidable online presence.
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. On the net: Retek at http://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 Provision of the Private Securities Litigation Reform Act 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 and other reports filed with the Securities and Exchange Commission.
Retek Inc., Minneapolis
Media Relations Contact:
David Naumann, 612-587-2522
Investor Relations Contact:
Bob Kleiber, 612-587-2398