Kurt Peters , Senior Executive Editor
QRS Makes It Easy for Retailing Giant and All Trading Partners To Collaborate Electronically
RICHMOND, Calif., Nov. 12 -- QRS Corporation (Nasdaq: QRSI), a leading provider of collaborative commerce solutions for the extended supply chain, announced today that Meijer Inc. has selected QRS to enable electronic communication and the exchange of critical business information between Meijer and its suppliers. Meijer will use QRS Exchange(TM) to electronically collaborate and transact with thousands of its vendors.
Meijer operates 156 grocery and general merchandise stores across the Midwest and has more than 5,000 trading partners from all sectors of retail, including: food, consumer packaged goods, apparel, health and beauty aids, toys and home appliances. By implementing QRS Exchange, suppliers of any size and any technology infrastructure can select their preferred communications method -- whether it is traditional EDI over a value-added network (VAN-EDI), EDI over the Internet (EDI-INT/AS1/AS2), Web forms or fax-email, among other options -- and fully comply with Meijer`s specific communications requirements, without having to invest in multiple technologies to support multiple trading partners` requirements.
Meijer has chosen QRS as its partner to help strengthen its supplier partnerships through enhanced inventory management and collaborative execution across the Meijer trading community.
The QRS Exchange suite of software, networking and community enablement solutions supports the leading data formats and communication protocols necessary to achieve a rapid return on electronic commerce initiatives.
"QRS Exchange is a comprehensive electronic communications solution that meets Meijer`s needs as well as those of its entire trading community," said Liz Fetter, president and CEO of QRS. "In highly competitive times for our customers, we will continue delivering rapid ROI to great retail companies like Meijer, as we maintain our focus on the evolving needs of the retail community."
QRS has been building, automating and managing retail trading relationships through innovative software applications and services since 1988.
Today, QRS is an established leader in providing collaborative commerce solutions for the extended supply chain. QRS offers scalable trading community connectivity; reliable product content management; real-time, synchronized transaction delivery; and Web-enabled sourcing and procurement. QRS solutions are used by more than 8,000 retail industry customers* representing the world`s top retailers, vendors and manufacturers, including Federated Department Stores Inc., Selfridges plc, Sears, Roebuck and Co., LVMH LLC, Group Clarins USA and Jones Apparel Group Inc. With QRS collaborative commerce solutions, retail industry customers can transform their extended supply chain in response to marketplace dynamics, drive process efficiency and achieve superior profit. Learn more about QRS Corporation at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between April 2001 and May 2002.
Founded in 1934, Meijer is a family owned and operated grocery and general merchandise retailer operating 156 stores throughout Illinois, Indiana, Kentucky, Michigan and Ohio. Additional information regarding Meijer can be found on our website, www.meijer.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in our senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
NOTE: QRS, the QRS logo, QRS Catalogue, QRS Exchange, QRS Compliance Link, QRS Merchandising, QRS Retail Intelligence Services, QRS Showroom and QRS Sourcing are trademarks or registered trademarks of QRS Corporation in the United States and other countries. Trademarks of third parties are owned by their respective owners.