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Press Releases Friday, June 29, 2001   
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Retek Hosts Global Retail Conference September 9-12, 2001

Keynote Speakers Patricia Seybold, Greg Girard, Phil Lempert, Accenture And IBM Join Leading Retailers in Discussing Retail Issues and Trends

MINNEAPOLIS, June 29 -- Retek Inc. (Nasdaq: RETK), the leading provider of solutions that help the retail industry create, manage and fulfill consumer demand, will host Velocity 2001, a global retail conference to address technology issues and trends in the retail industry. The annual conference, held September 9-12, 2001 at the Minneapolis Convention Center, offers attendees a chance to meet and network with leading retail analysts, industry experts, retailers and retail suppliers.

Keynote Patricia Seybold, founder of the Patricia Seybold Group, will kick off Velocity 2001 with a presentation on customer-driven business, based on her new book, The Customer Revolution. Seybold will discuss the shift in business drivers and today`s critical metrics for success that measure customer satisfaction and loyalty.

Other keynote session speakers include Greg Girard, vice president of retail application strategies at AMR Research; Philip Lempert, the Supermarket Guru; Robert Hafker, Retail Industry National Practice Executive at IBM; and Bob Willet, Global Managing Partner at Accenture.

Breakout sessions will be presented by industry experts and global retailers speaking about their own implementation strategies, retail systems experiences and project recommendations. Topics will be focused on the four areas of retail systems: CRM, merchandising, supply chain and logistics. In addition, separate breakout workshops will be held to address Retek-specific implementations, products and results achieved with Retek.

After the sessions each evening, Velocity 2001 will have an array of entertainment for attendees. Fashion Forward on Monday evening will spotlight apparel and trendy merchandise during a high-energy cocktail party/runway fashion show. One-of-a-kind creations from guest designers will be shown, and an internationally themed dinner and dancing follows at Seasons, featuring striking skyline-views of Minneapolis.

Tuesday Night`s Star Party, held at Minneapolis` McNamara Center, will start with champagne and follow with a full night of food, music and comedy with featured entertainer comedian Tom Pappas.

Individual registration for Velocity 2001 is $1,195 on or before June 30, $1,495 after June 30 or $1,595 at the door. Group rates are also available. For more information on Velocity 2001, and to register for the event, visit the Velocity 2001 Web site at http://www.retek.com/velocity/index.jsp or contact Mosaic Productions at 866-266-7242 or velocity@retek.com .

About Retek Inc.
Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek`s collaborative solutions help the retail industry create, manage and fulfill consumer demand. Many of the world`s leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Eckerd Corp., Kohl`s Department Stores, and The Home Shopping Network. For more information, visit http://www.retek.com/ , or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646.

Trademarks
Retek and retail.com are trademarks 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.

Contact:
Dawn Felepe Klehr
Media Relations for Retek Inc.
612-630-5718
dawn.felepe.klehr@retek.com

Mosaic Productions for Velocity
866-266-7242
651-466-9800 fax
velocity@retek.com

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