American Eagle Outfitters Implements Web-Based Global Sourcing From QRS
QRS Helps Leading Lifestyle Retailer Achieve Faster Merchandise Turns And Better Margins
RICHMOND, Calif., March 19 -- QRS Corporation (Nasdaq: QRSI) today announced that American Eagle Outfitters, Inc. (Nasdaq: AEOS) has implemented QRS Sourcing(TM) to help develop product lines, request quotes, select partners and collaborate with manufacturers via the Web. Global retailing companies like American Eagle Outfitters (AE) use QRS Sourcing to manage and track products from concept creation to final delivery, bringing the entire workflow process into one system.
AE, one of the most successful lifestyle retailers in the United States and Canada, is a $1.4 billion Company, with more than 700 stores. To keep up with its fast-paced growth, AE sought an alternative solution to email and spreadsheets that would accelerate the process of selecting and managing domestic and international manufacturers, enabling the Company to source its merchandise more effectively.
Using a Web-based global sourcing solution from QRS, AE`s production team can incorporate design images into a single detailed view of all product lines, obtain real-time responses to quote requests, manage product margins, and ensure that design updates can be quickly and accurately communicated.
"We are pleased with the results from implementing Web-based global sourcing from QRS into our Company," said Laura Weil, Chief Financial Officer of American Eagle Outfitters. "This technology helps us align fashion, price and timing, which is essential given the global complexities of our business."
"As a growing Company, AE needed a strong sourcing solution that could accelerate its merchandising cycles while providing visibility and real-time collaboration," said Liz Fetter, President and CEO of QRS. "QRS Sourcing is helping AE meet both its fashion and financial objectives, and we are proud to be a partner in its success."
About American Eagle Outfitters
American Eagle Outfitters is a leading lifestyle retailer that designs, markets, and sells its own brand of relaxed, versatile clothing for 16- to 34-year-olds, providing high-quality merchandise at affordable prices. AE`s lifestyle collection includes casual basics like khakis, cargos, and jeans; fashion tops like rugbys, polos, and graphic T`s; and functional items like swimwear, outerwear, footwear, and accessories. AE`s Canadian subsidiary, Bluenotes/Thriftys, targets a slightly younger demographic, offering a more urban/suburban, denim-driven collection for 12- to 22-year-olds. American Eagle Outfitters currently operates 700 AE stores in 48 states and the District of Columbia, 56 AE stores in Canada, and 111 Bluenotes/Thriftys stores in Canada. AE also operates via its Internet business, ae.com.
About QRS
With headquarters in Richmond, California, QRS has been building solutions that automate the way companies connect, transact, collaborate and differentiate since 1988.
QRS delivers collaborative commerce software and services that enable retail companies to bring products to market quickly and profitably. With a full suite of commerce solutions for companies of any size or technology infrastructure, only QRS combines total electronic communication with the retail industry`s leading source of product information for accurate retail partner transactions. QRS allows companies to see and manage processes across the supply chain so that problems can be detected and resolved, and offers services that provide insight to the store floor so that companies can enhance the customer experience and improve store operations. More than 8,000* customers from over 20 vertical retail segments -- including Sears, Roebuck and Co., The Kroger Company, Selfridges plc and Jones Apparel Group -- use QRS to meet customer needs, compress cycle times, reduce costs and improve sales margins. Learn more about QRS at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
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 our 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 services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
NOTE: QRS, the QRS logo and QRS Sourcing 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.
CONTACT:
Cynthia Seymour
QRS Corporation
+1-510-965-4508
cseymour@qrs.com
Rachel Chaplin
OutCast Communications for QRS Corp.
+1-415-392-8282
erin@outcastpr.com
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