QRS Catalogue 3.6 Now Available to Retail Industry
New Functionality Extends Reach in New Market Segments, Supports Global Standards
Richmond, CA - October 27, 2003 - QRS Corporation (Nasdaq: QRSI), announced today the general availability of QRS Catalogue, Version 3.6, the retail industry`s leading product data synchronization application.
QRS Catalogue 3.6 includes support for the 14-digit Global Trade Item Number (GTIN), more available product attributes, and significantly improved usability. These expanded features improve support for retail segments adjacent to general merchandise and apparel (GMA), including hardlines, consumer packaged goods (CPG) and consumer electronics, in which the products typically have complex and numerous product attributes. With 500 attributes per product, QRS Catalogue 3.6 supports the data attributes necessary for these retail segments to better manage data synchronization.
"Over 3,500 marketers, manufacturers, suppliers and retailers currently use QRS Catalogue to share product information," said QRS Liz Fetter, President and Chief Executive Officer. "This most recent release, with expanded product attributes and global standards support, delivers the power of data synchronization to a broader range of retail industry segments."
According to a recent AMR Research Rep-ort, "Data synchronization is a foundational requirement for all future Business-to-Business (B2B) initiatives, and for those with active projects, the benefits have been clear. Companies that embark on B2B initiatives without the necessary foundation in place will waste money by throwing it at a problem rather than the cause. AMR Research estimates this waste will total $2.1B by 2008." *
Emerging industry standards play a critical role in the future of data synchronization. QRS Catalogue`s support for the 14-digit GTIN standard addresses the needs of retailers and suppliers who have taken early steps to prepare for the January 1, 2005, date for GTIN compliance. The GTIN is an important element of ensuring accurate information sharing across a retailer`s global supply chain.
"QRS is committed to supporting the latest standards as the industry strives to achieve global interoperabilty among trading partners," said Renee d`Ouville, Vice President of Product Strategy at QRS. "QRS Catalogue`s GTIN compliance is one of the many product initiatives that we have undertaken in support of the Global Data Synchronization Network (GDSN)."
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 almost 500 additional product attributes. QRS Catalogue offers a complete solution for item setup and synchronization, and supports the latest EAN.UCC global standards and initiatives. By automating business processes such as item setup and maintenance, promotional price management and product marketing content management, QRS Catalogue helps customers achieve increased revenue and greater productivity.
About QRS
QRS (Nasdaq: QRSI) is a leading provider of collaborative commerce solutions for the global retail trading community. We enable companies to communicate electronically with their global trading partners; conduct cross-company transactions; synchronize and manage product data; collaboratively source, merchandise and import goods; and automatically detect and resolve supply chain issues. More than 8,000** retailers, brand marketers, manufacturers, suppliers, wholesalers and distributors from a variety of retail segments - including Federated Department Stores Inc., Groupe Clarins USA, Jones Apparel Group Inc., The Kroger Company, Sears, Roebuck and Co., and Selfridges plc - use QRS solutions to significantly improve their overall business performance. Learn more about QRS at www.qrs.com.
*Source: Kara Romanow, Kevin Scott, "Data Synchronization Has Simply Become a Cost of Doing Business" The AMR Research Report, April 2003.
**Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
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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.
© 2003 QRS Corporation. All Rights Reserved. QRS, the QRS logo and QRS Catalogue are trademarks or registered trademarks of QRS Corporation in the United States and other countries. Trademarks of third parties are owned by their respective owners.
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