Retek Inc. Press Release
Online Digital Superstore Upgrading for the Future
Minneapolis - June 04, 2001 - Retek Inc. (NASDAQ:RETK), the leading provider of solutions that help the retail industry create, manage and fulfill consumer demand, today announced that Jungle.com, a division of the $9 billion U.K.-based The Great Universal Stores P.L.C (GUS) has selected Retek applications to upgrade its retail operations. Jungle.com is one of the fastest growing online digital superstores in Europe and will utilize customer, logistics and merchandising management software from Retek. Jungle.com is aiming to be live with Retek solutions in time for the 2001 holiday season.
"We recognize the need to have the right systems in place to support our rapid growth, systems which can scale, provide rich functionality and form a base for future enhancements," said CTO of Jungle.com, Brian Scott. "Retek`s proven architecture and capabilities in retail were the only choice for our rapidly growing business."
"Jungle.com and its parent, The Great Universal Stores P.L.C, are highly regarded in the U.K as a successful multi-channel retailer," said Retek`s General Manager of EMEA, Gordon Masson. "We are very pleased to be selected as the vendor of choice for Jungle.com`s critical application software requirements. Retek`s already providing applications to some of the world`s best consumer electronics retailers and we are happy to add Jungle.com to that list."
About The Great Universal Stores P.L.C
The Great Universal Stores P.L.C. (GUS) is a FTSE 100 company focusing on three key activities: information services through Experian, logistics and customer care through Reality and multi-channel retailing through Argos Retail Group. GUS also owns Burberry, the luxury fashion brand. In the year ending 31 March 2000, GUS had sales of £5.7 billion and profits (before exceptionals, goodwill and tax) of £459 million.
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.
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