Market Basket Completes Rollout of Retalix Store Level Forecasting and Auto-Replenishment Solution
Grocery Retailer Increases Order Efficiency and Reduces Out of Stocks
DALLAS--July 22, 2004--Retalix USA (Nasdaq:RTLX) announced today
that Market Basket, a supermarket chain in Texas and Louisiana,
completed the rollout of Retalix`s DemandAnalytx store forecasting and
ordering system.
Retalix`s DemandAnalytx (DAX) Demand-chain Optimization Software
allows retailers, manufacturers and distributors to achieve dramatic
improvements in key metrics of supply chain performance. The DAX
solution is fully web-enabled, and provides collaborative tools at the
store level to utilize sophisticated algorithms to interpret POS data,
forecast store-level demand and optimize replenishment orders, while
taking into account the full complexity of the retail environment.
"Our stores have never looked better, and the results we`ve
achieved using the Retalix DemandAnalytx (DAX) software solution have
exceeded our expectations," said Skylar Thompson, President of Market
Basket. "The success of our initial pilot made it an easy decision to
continue to roll out this order optimization system across the rest of
our stores. The store managers were lining up to be the next site
installed." Tom Cormier, Market Basket`s CFO, added, "This has been
one of the smoothest software implementations I`ve ever been involved
with. The level of support we received throughout the project was
tremendous."
"DemandAnalytx offers a fast, robust and flexible forecasting and
ordering platform for supermarket and convenience store operators,"
said Barry Shaked, Retalix CEO. "Leveraging Point of Sale data, DAX is
able to create a very accurate forecast of store specific consumer
demand. This forecast provides the means to drive an efficient order,
which helps reduce out-of-stocks, and increases return on inventory
investment. The success at Market Basket is validation that Retalix`s
continued investment to gain downstream supply chain efficiencies with
products like DemandAnalytx (DAX) Store Level Replenishment
technology, will drive new efficiencies and cost savings for all of
our customers."
About Market Basket
Market Basket, headquartered in Nederland, Texas, is a privately
held regional grocery chain with retail facilities located throughout
Southeast Texas and Southwest Louisiana. They operate conventional
supermarkets under the Market Basket and Lucky 7 banners. For further
information, please visit the company`s web site at www.mbfoods.com.
About Retalix Ltd.
Retalix Ltd., with North American headquarters in Dallas, TX,
provides integrated enterprise-wide software solutions for the global
food and fuel retail industries, including supermarkets, convenience
stores, fuel stations and restaurants. The Company offers a full suite
of software applications that support a food retailer`s essential
retailing operations and enable retailers to increase their operating
efficiencies while improving customer acquisition, retention and
profitability. With installations in more than 30,000 stores and
across 44 countries, the Company markets its software solutions
through direct sales, distributors, local dealers and its various
subsidiaries. For further information, please visit the Company`s web
site at www.retalix.com.
Safe Harbor for Forward-Looking Statements: Except for statements
of historical fact, the information presented herein constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company, including revenues, income and expenses,
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include risks relating to the Company`s anticipated
future financial performance, continued roll-outs with existing
customers, the market reception of its new e-marketplace and ASP
services, the potential benefits to food and fuel retailers and
suppliers, expansion into new geographic markets, the conversion of
sales leads into customers and the ramp-up of ASP users, the
integration of the Company`s acquisition of OMI and other factors over
which Retalix may have little or no control. This list is intended to
identify only certain of the principal factors that could cause actual
results to differ. Readers are referred to the reports and documents
filed by Retalix with the Securities and Exchange Commission,
including the Company`s Annual Report on Form 20-F for the year ended
December 31, 2003, for a discussion of these and other important risk
factors. The Company undertakes no obligation to publicly release the
results of any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events.
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CONTACT:
Barry Shaked
Retalix Ltd.
Jeff Yelton, Retalix USA
469-241-8400
infousa@retalix.com
or
CCG, Investor Relations
Crocker Coulson, 818-789-0100
crocker.coulson@ccgir.com
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