Meijer Chooses QRS Exchange(TM) to Automate Business Processes and Lower Costs
QRS Makes It Easy for Retailing Giant and All Trading Partners To Collaborate Electronically
RICHMOND, Calif., Nov. 12 --
QRS Corporation (Nasdaq: QRSI), a leading provider of collaborative commerce
solutions for the extended supply chain, announced today that Meijer Inc. has
selected QRS to enable electronic communication and the exchange of critical
business information between Meijer and its suppliers. Meijer will use QRS
Exchange(TM) to electronically collaborate and transact with thousands of its
vendors.
Meijer operates 156 grocery and general merchandise stores across the
Midwest and has more than 5,000 trading partners from all sectors of retail,
including: food, consumer packaged goods, apparel, health and beauty aids,
toys and home appliances. By implementing QRS Exchange, suppliers of any size
and any technology infrastructure can select their preferred communications
method -- whether it is traditional EDI over a value-added network (VAN-EDI),
EDI over the Internet (EDI-INT/AS1/AS2), Web forms or fax-email, among other
options -- and fully comply with Meijer`s specific communications
requirements, without having to invest in multiple technologies to support
multiple trading partners` requirements.
Meijer has chosen QRS as its partner to help strengthen its supplier
partnerships through enhanced inventory management and collaborative execution
across the Meijer trading community.
The QRS Exchange suite of software, networking and community
enablement
solutions supports the leading data formats and communication protocols
necessary to achieve a rapid return on electronic commerce initiatives.
"QRS Exchange is a comprehensive electronic communications solution that
meets Meijer`s needs as well as those of its entire trading community," said
Liz Fetter, president and CEO of QRS. "In highly competitive times for our
customers, we will continue delivering rapid ROI to great retail companies
like Meijer, as we maintain our focus on the evolving needs of the retail
community."
About QRS
QRS has been building, automating and managing retail trading
relationships through innovative software applications and services since
1988.
Today, QRS is an established leader in providing collaborative commerce
solutions for the extended supply chain. QRS offers scalable trading community
connectivity; reliable product content management; real-time, synchronized
transaction delivery; and Web-enabled sourcing and procurement. QRS solutions
are used by more than 8,000 retail industry customers* representing the
world`s top retailers, vendors and manufacturers, including Federated
Department Stores Inc., Selfridges plc, Sears, Roebuck and Co., LVMH LLC,
Group Clarins USA and Jones Apparel Group Inc. With QRS collaborative commerce
solutions, retail industry customers can transform their extended supply chain
in response to marketplace dynamics, drive process efficiency and achieve
superior profit. Learn more about QRS Corporation at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or
licensed QRS products and services between April 2001 and May 2002.
About Meijer
Founded in 1934, Meijer is a family owned and operated grocery and general
merchandise retailer operating 156 stores throughout Illinois, Indiana,
Kentucky, Michigan and Ohio. Additional information regarding Meijer can be
found on our website, www.meijer.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 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; 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, QRS Catalogue, QRS Exchange, QRS Compliance
Link, QRS Merchandising, QRS Retail Intelligence Services, QRS Showroom 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
Katherine Post
QRS Corporation
+1-510-965-4521
kpost@qrs.com
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