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Friday, May 31, 2002 |
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Kohl`s Selects Marketmax Technology for Merchandise Planning
Wakefield, Mass. - May 28, 2002 - Marketmax today announced that Kohl`s Corporation (NYSE: KSS), one of the nation`s fastest-growing retailers, has purchased the Marketmax® Integrated Merchandise Planning Solution.
Marketmax, the leading provider of advanced retail planning and profit optimization software for retailers and suppliers, will provide Kohl`s with a scalable set of tools to improve decision making and increase the efficiency of its planning process across the company`s 420 stores.
Kohl`s joins a long list of industry leaders that have selected Marketmax, including Amazon.com, Charlotte-Russe, Discovery Channel, Eddie Bauer, The Finish Line, J Sainsbury plc, Linens `n Things, Lowe`s Companies, Marks & Spencer plc, Office Depot, ShopKo Stores, The Spiegel Group, The Sports Authority, Staples, Waitrose Food Shops of the John Lewis Partnership and Williams-Sonoma.
"We analyzed several solutions providers before selecting Marketmax. In addition to their understanding of retail, we found that Marketmax`s technology could scale to handle Kohl`s volumes," said Jon Nordeen, chief information officer of Kohl`s Department Stores. "Marketmax will help us improve our planning processes and increase our competitive advantages as we continue to expand."
"Kohl`s is one of the most successful retailers in North America because of its ability to understand its customers` needs for convenience, value and selection," said Lori Schafer, president and chief executive officer of Marketmax. "Kohl`s and Marketmax are a great cultural fit. Kohl`s put us through our paces, conducting extensive due diligence on our technology and our company because they required best-in-class planning technology that would scale and perform with huge volumes of data. We`re thrilled that they selected Marketmax as their partner for merchandise planning."
About Kohl`s
Based in Menomonee Falls, Wis., Kohl`s is a family-focused, value oriented specialty department store offering moderately priced national brand apparel, shoes, accessories and home products. The company operates 420 stores in 32 states. For a list of store locations, or for additional information, visit Kohl`s website at www.kohls.com.
About Marketmax
Marketmax is the leading provider of advanced retail planning and profit optimization software to the world`s leading retailers and their suppliers, keeping them one step ahead of demand. Marketmax`s suite of products enables retailers and their suppliers to deliver measurable results in the form of increased margins and profitability, fewer markdowns, improved inventory turns and greater customer satisfaction across all channels of retailing. Marketmax is respected throughout the retail supply chain for its technology leadership by providing "best in class" solutions and the industry`s only truly integrated, web-architected and highly scalable enterprise planning and optimization software.
For more information on Marketmax, please call our worldwide headquarters at 781-876-3200 or visit our Website, http://www.marketmax.com.
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