Minneapolis - March 28, 2001 - Retail applications leader Retek Inc. (Nasdaq: RETK) announced today that The Kroger Co., one of the nation`s largest grocery chains, has selected Retek`s suite of supply chain replenishment solutions.
"After an extensive review of the products and capabilities available, we selected Retek to provide us with the key pieces of information infrastructure to support our supply chain replenishment efforts," said Michael Heschel, Kroger Executive Vice President and Chief Information Officer.
Grocery presents distinct challenges not found in other industries. A wide variety of product, razor thin margins, and perishables demand optimized supply chain replenishment for success. Retek`s scalable Supply Chain Solutions are engineered to deliver tight supply chain control to improve inventory performance.
"We are delighted to add Kroger to our expanding list of blue-chip retail customers", said John Buchanan, Chief Executive Officer of Retek. "The challenges of managing the operations of one of the world`s largest grocery retailers are enormous. Retek`s solutions will give Kroger the edge it needs to build on its leadership position."
For more information on Retek solutions for retail, call 1-888-61-RETEK, e-mail us at contactus@retek.com or visit our Web site at www.retek.com.
About The Kroger Company
Headquartered in Cincinnati, Ohio, Kroger is the nation`s largest retail grocery chain. At the end of the fourth quarter, the Company operated 2,354 supermarkets and multi-department stores in 31 states under nearly two dozen banners, including Kroger, Fred Meyer, Ralphs, Smith`s, King Soopers, Dillon, Fry`s, City Market, Food 4 Less and Quality Food Centers. Kroger also operates 789 convenience stores, 398 fine jewelry stores, 77 supermarket fuel centers and 42 food processing plants.
About Retek Inc.
Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek`s collaborative solutions help the retail industry create, manage, and fulfill consumer demand. Retek`s retail-specific supply chain solutions deliver improved inventory management at every point within the supply chain. Many of the world`s leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Eckerd Corp., Kohl`s Department Stores, and The Home Shopping Network. For more information, visit http://www.retek.com, or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7872 5795.
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