Lindex Selects Retek Solutions to Support Expanding Operations
Retek Inc. Press Release
Leading Northern European Apparel Retailer to Implement Integrated Merchandise and Supply Chain Solutions
Minneapolis - November 29, 2001 - Retek Inc. (NASDAQ: RETK) announced today that Lindex has selected Retek merchandising and supply chain solutions to support its expanding operations. Lindex, a leading fashion retailer in Northern Europe, is upgrading their legacy technology infrastructure with Retek solutions that provide the integration and scalability required to support their aggressive growth plans.
Lindex, one of the largest fashion retailers in Sweden, has sales of over $400m (USD) from over 350 stores in Sweden, Finland, and Germany. Well known for its women`s fashion, children`s wear and lingerie lines, Lindex has achieved its market-leading status from superior quality and selection. Their successful expansion has created the need for more sophisticated and robust merchandising and supply chain systems.
"The key to successful retailing is predicting consumer buying behaviors and delivering the right product at the right time to satisfy consumer demand," says Jorgen Johansson, President and CEO of Lindex. "Improved inventory planning will allow us to increase sales without building inventory. Retek`s solutions will help us reduce out-of-stocks and excess inventory. We selected Retek because they understand the retail industry and their systems are scalable to easily support our continued growth."
This announcement further establishes Retek`s commitment to the Swedish market. KappAhl, another leading fashion retailer in Sweden, has already realized benefits from Retek Merchandising, Supply Chain and Logistics solutions. "Lindex is a great name in European fashion retail and we are excited they have selected Retek to help them continue their success," says Gordon Masson, President of EMEA for Retek. "We look forward to helping Lindex integrate their critical merchandising, forecasting and planning systems."
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. 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 7563 4646.
Trademarks
Retek and retail.com are trademarks 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.
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