Retek Announces the Availability of Retek Xi
The First Truly Integrated Best-of-Breed Retail Application Suite
Minneapolis – October 11, 2004 – Today Retek, Inc. released Retek Xi, its new fully integrated best-of-breed retail application suite that connects every part of a retailers business, from customer to supplier. Xi delivers this customer-centric approach to retailing via demand management, an agile supply chain, multi-channel retailing and technology simplification.
With retailers experiencing a new economy of growth and profitability, they find themselves in a battle for the customer. It requires them to shift from the traditional product-centric retail model, to one that is customer-centric. This model is enabled by an agile supply chain network that extends from the customer to the supplier, and is orchestrated around optimized customer demand. It delivers visibility, provides global optimization and enables agility.
In response, leading retailers are turning to Retek Xi to attract and retain customers with compelling and differentiated value propositions that are profitably fulfilled. Tesco, one of the top retailers in the world; Office Depot, one of the world’s largest sellers of office products; Williams-Sonoma, the premier specialty home furnishings retailer in the US; Galeries Lafayette, Europe’s top fashion retailer; and Sainsbury’s, a leading UK food retailer, have all implemented Retek Xi to deliver products and service based on customer expectations, and drive profitable growth.
“Retek Xi will be the foundation layer for Tesco’s worldwide systems. Xi will allow Tesco to connect customer demand with the global supply chain. Through connecting the planning, forecasting and supply chain processes, we will further improve the quality of information in our business and the quality of service we deliver to our customers,” Philip Clarke, International & IT Director, Tesco.
Retek Xi embeds four core capabilities that enable customer-centric retailing:
- Demand management: shaping demand and optimizing profits.
- Agile supply chain: integrating the value chain and driving operating efficiencies.
- True multi-channel retailing: delivering compelling and consistent shopping experiences across the retail channels – in-store, web and catalog - to drive sales.
- Integrated best-of-breed: eliminating process-breakdowns, simplifying technology environments and delivering speed to value.
Reactions to Retek Xi from the retail analyst community have been positive. “Xi changes the game – applications easily capable of competing individually in Store Operations, Retail Planning, and Supply Chain but delivered as a tightly integrated, consistent platform with demand intelligence at the core – exactly what a retailer needs to achieve profitable differentiation,” said Scott Langdoc, Vice President, Retail Research, AMR Research.
Retek Xi provides solutions for Merchandise Operations Management, Integrated Store Operations, Supply Chain Management and Merchandise Planning and Optimization. These solutions can be implemented as an integrated, end-to-end enterprise solution, or individually as a point solution that can be easily integrated with future Retek or third party vendor investments.
About Retek, Inc.
Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek solutions integrate 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. Visit Retek on the Web at www.retek.com.
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.
Media Relations Contact
Carol O’Kelley
404-504-8038
carol.okelley@retek.com
Investor Relations Contact
Al Galgano
612-587-2485
al.galgano@retek.com
Back...
