Circuit City Stores Selects Manugistics Pricing & Revenue Optimization Solutions
ROCKVILLE, Md. -- July 1, 2002 -- Manugistics Group, Inc., the leading global provider of Enterprise Profit Optimization[TM] (EPO) solutions that help companies enhance margins by lowering costs and improving revenues across their supply-demand networks, today announced that Circuit City Stores has licensed the full suite of Manugistics Pricing and Revenue Optimization (PRO) solutions. Circuit City will look to Manugistics PRO solutions to assist in its strategic pricing actions.
Manugistics` pioneering PRO solutions for precision, promotional, and markdown pricing will be deployed to assist one of the nation`s top retailing outlets of brand-name consumer electronics, personal computers and entertainment software in maximizing the revenue generated throughout a product`s lifecycle.
"As we seek to further enhance our returns by fine-tuning the strategy behind product pricing, we have selected Manugistics after examining a number of competitive solutions in the market. We believe that Manugistics` approach to pricing our comprehensive array of products has the ability to assist with our company`s continued success in a highly competitive market," said Gary Mierenfeld, senior vice president of supply chain for Circuit City.
"Manugistics believes that one of the fastest, most effective ways to increase revenues and enhance profits is to improve the effectiveness of pricing," commented Andy Hogenson, senior vice president of PRO with Manugistics. "We feel that our solutions can be beneficial to companies seeking to enhance pricing strategies."
A cornerstone of Manugistics Enterprise Profit Optimization suite, Manugistics PRO solutions bring model analysis and organizational discipline to pricing decisions. By managing prices dynamically through all sales channels based on costs, competition and customer demand, Manugistics PRO solutions help companies enhance revenue and profits by helping to optimize the prices of the products and services they sell. Solutions offered by Manugistics include Price List Optimization, Price Quotation Optimization, Profitable Promotions Management, and Revenue Management.
About Circuit City
With 603 Circuit City Superstores and 19 mall-based Circuit City Express stores, Circuit City operates more consumer electronics specialty Superstores in more markets than any other retailer. Circuit City`s online site, CircuitCity.com, offers an integrated clicks-and-mortar experience with a comprehensive selection of consumer electronics, personal computers, movies, music and games; extensive product information; and Express Pick-up, which allows customers to order online and pick up in store. Headquarters for Circuit City Stores, Inc. (NYSE: CC, KMX) are located in Richmond, Va.
This release contains forward looking statements, which are subject to risks and uncertainties. Additional discussion of factor that could cause actual results to differ materially from management`s projections, forecasts, estimates and expectations is contained in the company`s SEC filings. Source: Circuit City Stores, Inc.
About Manugistics Group, Inc.
Manugistics (Nasdaq: MANU) helps companies lower operating costs, improve customer service, enhance profitability, and accelerate growth by optimizing the supply-demand network from design and procurement through pricing and delivery. The company delivers Enterprise Profit Optimization[TM] (EPO) -- offering solutions for pricing and revenue optimization, service and parts management, supplier relationship management, and supply chain management. Its clients include industry leaders such as 3Com, Amazon.com, Boeing, BP, Brown & Williamson, Caterpillar, Cisco Systems, Coca-Cola Bottling, Compaq, DuPont, Fairchild Semiconductor, Ford Motor Company, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Staples, Texas Instruments, Unilever, and United Airlines. For more information, go to www.manugistics.com
FOR ADDITIONAL INFORMATION REGARDING THIS ANNOUNCEMENT, CONTACT THE MANUGISTICS NEWSBUREAU HOTLINE AT 301-255-5330.
Contact:
Laura Janes
Manugistics Group, Inc.
ljanes@manu.com
301-255-5330
Gil Chorbajian
Ogilvy PR (For Manugistics)
gil.chorbajian@dc.ogilvypr.com
202-721-9725
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FORWARD LOOKING STATEMENT
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, continuing economic and political uncertainty, the timing and degree of business recovery, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, unexpected competition, risks related to quarterly performance, risks of new business areas, international expansion, business combinations and strategic alliances, lengthening of sales cycles for software products and services, and the effectiveness of the cost reduction efforts undertaken by Manugistics and their impact on the company’s ability to operate its business.. A decreased demand for enterprise application software due to weakened economic conditions could result in decreased revenues or lower revenue growth rates. More information about factors that potentially could affect Manugistics` financial results is included in Manugistics filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 28, 2002. Manugistics assumes no obligation to update the forward-looking information contained in this announcement.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization and Manugistics NetWORKS are trademarks of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.
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