Holt Renfrew Synchronizes Product Information with QRS Catalogue™
RICHMOND, CA – January 21, 2004 – QRS Corporation (Nasdaq: QRSI) today announced that leading Canadian fashion specialty retailer Holt Renfrew has successfully implemented QRS Catalogue™ to achieve significant improvements in global product synchronization.
With hundreds of active trading partners, Holt Renfrew sought to improve the process of synchronizing product information to ensure data integrity across its trading community. Holt Renfrew selected QRS Catalogue, the retail industry`s leading centralized repository of product information containing over 90 million current and unique items. Over the past several months, QRS has provided Holt Renfrew access to the product information of over 75 suppliers with QRS Catalogue.
"We chose QRS based on its experience supporting retail industry trading communities," said Stuart Fraser, Senior VP and CFO at Holt Renfrew. "With the help of QRS, we can access a large number of our leading suppliers` product data via QRS Catalogue. We are already seeing the operational benefits of an increasingly integrated supply chain, which enables us to better execute our growth strategies." Based on the success of the implementation, Holt Renfrew plans on upgrading its QRS Catalogue service in the upcoming months to enable real-time access to its suppliers` product information.
Suppliers who use QRS Catalogue can meet Holt Renfrew`s requirements while improving the way they exchange information and transact with their customers. QRS Catalogue helps suppliers improve order accuracy, which can translate into a lower cost of doing business.
"When a retailer or supplier chooses QRS, it is able to leverage our proven solutions combined with world-class support services for successful and rapid implementations," said Renee d`Ouville, Vice President of Product Strategy at QRS. "By using QRS, Holt Renfrew has access to a trading community of hundreds of GMA manufacturers and brands. QRS will continue to support and develop the Holt Renfrew trading community in an effort to deliver bottom-line benefits to all participants."
About QRS Catalogue™
QRS Catalogue is the retail industry`s leading product data synchronization application, allowing more than 3,500 marketers, manufacturers, suppliers and retailers to share the latest product information, such as price, style, color, size and over 450 additional product attributes. QRS Catalogue offers a complete solution for item setup and synchronization, and supports the latest EAN.UCC global standards initiatives. By automating business processes such as item setup and maintenance and product marketing content management, QRS Catalogue helps customers achieve increased revenue and greater productivity.
About QRS
QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. We offer collaborative commerce solutions that drive a new standard for global brand execution. At QRS, we manage the flow of critical commerce information and leverage our retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction outsourcing and global trade management. QRS solutions help over 10,000* customers expand into new markets and channels, improve operational efficiency and differentiate their brand.
*Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2003.
About Holt Renfrew
Holt Renfrew is one of the world`s leading fashion and lifestyle shopping destinations. For over 165 years, Holt Renfrew has been renowned for offering its customers the highest standard of excellence in customer service, merchandise quality and selection in its 9 stores across Canada. Holt Renfrew locations across the country include: Toronto (3), Ottawa, Montreal, Quebec City, Vancouver, Calgary and Edmonton. For additional information visit the website at www.holtrenfrew.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; customers` willingness to purchase products or services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS disclaims any obligation to update the forward-looking information contained in this news release.
©2004 QRS Corporation. All Rights Reserved. QRS and the QRS logo are registered trademarks and QRS Catalogue is a trademark of QRS Corporation in the United States and other countries. Trademarks of third parties are owned by their respective owners.
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