COUNTRY ROAD DRIVES BUSINESS VALUE WITH RETEK SOLUTIONS
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David Naumann
Public Relations Manager
612-587-2522
david.naumann@retek.com
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Bob Kleiber
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robert.kleiber@retek.com
$120 Million (USD) Australian Fashion Retailer and Wholesaler Streamlines Operations With Retek® Merchandising Operations ManagementTM Solutions
MINNEAPOLIS — March 31, 2003 -- Retek Inc. (Nasdaq: RETK) announced today that Country Road, an Australian apparel retailer and wholesaler and subsidiary of Woolworths Holdings Limited of South Africa, has implemented Retek Merchandising Operations Management solutions to replace multiple legacy applications that had been developed over the past 25 years at Country Road. The rigid legacy systems were overly complex, lacked integration and required many manual processes. The lack of integration and collaboration inhibited Country Road’s growth and negatively impacted the company’s operating efficiency.
“Managing both retail and wholesale operations requires substantial system flexibility,” stated Nelson Mair, chief operating officer with Country Road. “We selected Retek solutions because they offered the most flexible and scalable platform to support our future growth. The Retek solutions have provided us the improved inventory visibility and accuracy that will help us drive increased sales and profits. Our simplified processes and integrated systems provide us the powerful infrastructure to support our continued growth.”
Retek Merchandise Operations Management (RMOM) solutions enable retailers to coordinate their operations and maintain a single, comprehensive source of consistent and accurate data. The Retek® Merchandising SystemTM (RMS), an application within the RMOM solution, provides a flexible, scalable and proven foundation from which to execute a broad range of core merchandising activities, including inventory replenishment, purchasing and vendor management. Retek® Data WarehouseTM (RDW), a web-based strategic performance analysis solution, melds massive amounts of data from different systems into user-friendly reporting that provides a single view of data. With its flexible and scalable foundation, RDW provides retailers an efficient place to store and analyze key transaction level information.
“Country Road has made substantial progress in its major business transformation project,” said Duncan Angove, chief strategy officer at Retek. “We are delighted to see the significant improvements in business processes Country Road has achieved and look forward to the deployment of additional Retek applications to support its growing business operations.”
About Country Road
Country Road is an Australian based company that operates both as a retailer and a wholesaler. It operates in Australia (36 stores) and New Zealand (6 Stores) on a retail basis and in Australia, New Zealand, Singapore, and the Gulf States as a wholesaler. Established in 1974, the Country Road brand has grown to become one of the best known and highly regarded fashion lifestyle brands in Australia. The brand enjoys 97% recognition in Australia and is inextricably linked to an Australian lifestyle that is relaxed, stylish, modern and desirable. The product range offered by Country Road includes a distinctive and fashionable style of Mens, Womens and Childrens Apparel, Accessories and Homewear. Our parent company is Woolworths Holdings Limited of South Africa.
About Retek Inc.
Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek 10 integrates 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.
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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.
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