Retek Highlights Strong Performance and Future Growth Drivers at First Analysts` Day
MINNEAPOLIS, May 1 -- Retek Inc. (Nasdaq: RETK), the leader
in software applications that help retailers create, manage and fulfill
consumer demand, reviewed its outstanding financial performance and
highlighted the drivers of future growth at its first annual analysts` day
held today in Minneapolis. The Company`s management team, led by chairman and
CEO John Buchanan, reviewed Retek`s broad product footprint which covers
critical areas such as merchandising, supply chain management, logistics, and
retail customer relationship management. Opportunities abound in each area of
the footprint as retailers are searching for ways to reduce costs, make their
operations more efficient, and do a better job of getting the right product to
the right place at the right time at the right price. In addition to product
and strategy discussions, a presentation by the CIO of Gap Inc. provided
attendees with a real world example of why the leading retailer selected Retek
to be the foundation of their software application infrastructure.
Also highlighted at the event was the alliance between Accenture and Retek
that will bring together Retek`s comprehensive software capabilities with
Accenture`s retail specific intellectual property to deliver a new level of
benefits to retailers. The effort, called Scientific Retailing will be
delivered by Accenture`s dedicated retail practice around the world. Retek is
now aligned with two of the world`s premier services providers in Accenture
and IBM.
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 Gap Inc. 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.
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:
Investors
Bob Kleiber, 612-632-8154
robert.kleiber@retek.com
Media
Amy Fisher, 612-872-3773
afisher@psbpr.com
Dawn Felepe Klehr, 612-630-5718
dawn.felepe.klehr@retek.com
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