National Retailer Will Use the Lawson System to Enhance Reporting Capabilities, Support Long-Term Expansion Plans
ST. PAUL, Minn., Apr 11, 2006 -- Bed Bath & Beyond Inc. (Nasdaq:BBBY) licensed Lawson Software`s (Nasdaq:LWSN) Financials and Procurement suites to enhance its financial reporting capabilities, streamline purchasing processes and support long-term growth. The national retailer licensed the applications in Lawson`s third quarter of fiscal year 2006, which ended Feb. 28, 2006.
Bed Bath & Beyond is a nationwide chain of more than 742 superstores, selling a combination of better quality domestics merchandise, home furnishings, giftware and health and beauty care items. The retailer employs 33,000 people and has annual revenues of $5.81 billion.
"Faced with evolving regulatory requirements, tight margins and intense competition, retailers must minimize operational costs to sustain profitability," said Michelle Schooff, industry marketing director - Retail, Lawson Software. "Our comprehensive product offering helps retailers take greater control of their business processes so they can make better-informed business decisions and adapt quickly."
Lawson`s industry-focused software solutions help retailers manage the systems they use to run and grow their businesses. Lawson customers include five of the top 10 U.S.-based retailers, eight of the top 20 apparel retailers, seven of the top 25 grocery chains, 23 of the top 100 restaurant chains and 20 of the top 100 specialty chains.
About Lawson Software
Lawson Software provides business application software and consulting services to services organizations in the healthcare, retail, government and education, banking and insurance and other markets. Lawson`s software suites include enterprise performance management, distribution, financials, human capital management, procurement, retail operations and service process optimization. With headquarters in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, and Africa. Visit www.lawson.com for more information. Lawson Software and Lawson are registered trademarks of Lawson Software, Inc. All rights reserved.
his press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software, Inc., and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in the company`s ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company`s targeted service industries; increased competition and other risk factors listed in the company`s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and as included in other documents the company files from time to time with the Commission.
Terry Blake, 651-767-4766
Jenny Myers, 217-649-2965
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lawson Software, Inc.`s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company`s Annual Report or Form 10-K for the most recently ended fiscal year.