Kurt Peters , Senior Executive Editor
Retek Inc. Press Release
U.K.’s Argos Retail Group Building for the Future
Jul 24, 2001
Minneapolis - July 24, 2001 - Retek Inc. (NASDAQ:RETK), the leading provider of solutions that help the retail industry create, manage and fulfill consumer demand, announced that Argos has selected Retek to provide applications to upgrade its IT operations. Argos, one of the U.K.’s largest multi-channel retailers selling hardline and softline goods, will use Retek’s Merchandising Solution in its IT initiative.
“Merchandising is the heart of any retail operation, so we were looking for a supplier with a track record of delivering real business benefits to large and successful retailers,” said Sheila Williams of Argos.
Retek’s Merchandising Solution is designed to help retailers deliver the right product, to the right place, at the right price and time to their consumers through a coordinated, end-to-end system supported by an integrated data infrastructure for multi-channel retailing. Retek’s Merchandising Solution includes integrated merchandising, assortment and space optimization, price optimization and promotion effectiveness.
“With an Argos catalogue in over 70 percent of U.K. households, Argos is a successful and highly regarded multi-channel retailer,” said Retek President of EMEA, Gordon Masson. “We are delighted they have chosen Retek to be a part of their future plans and look forward to a successful long-term relationship.”
Argos, one of the UK’s leading multi-channel retailers has 474 stores in the UK and Republic of Ireland and sales of over £2billion. 15 million customers shop with Argos each year. Argos, the pioneer of catalogue retailing in the UK, has established a strong brand focused on choice, value and convenience. To visit Argos’ award winning e-tail site, click on www.argos.co.uk
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.
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.