ROCKVILLE, Md., – May 24, 2006 – Manugistics Group, Inc. (NASDAQ: MANU), a leading global provider of synchronized supply chain and revenue management solutions, today announced that Circle K®, the second largest convenience store chain in North America, has selected Manugistics Retail Solutions to help ensure they have the right product, at the right store, at the right time in its Arizona Regional Division stores. The Circle K contract also marks Manugistics’ entry into the sizable and largely untapped convenience retail sector.
Circle K is a subsidiary of Couche-Tard which leads the Canadian convenience store industry and is the second largest independent convenience store operator not integrated with a petroleum company in North America. With more than 4,900 neighborhood convenience stores in its global network serving 25 million customers every week, the company wanted to improve its forecasting systems.
“The very nature of our business is ease and convenience,” said Circle K Bryant Santini, Senior Director, Information Services. “That means having a selection of food, beverages and merchandise available at our customers’ fingertips the moment they stop into our stores. Manugistics brings the breadth and depth of viable, innovative solutions we require to help us manage our goods so they are customer-ready – fresh and available.”
After a rigorous evaluation of retail merchandise replenishment solutions, Couche-Tard selected Manugistics’ Store Level Forecasting solutions because of its full demand management capabilities that integrate demand forecasting and replenishment in an easy-to-use client interface.
“Manugistics is delighted to expand our retail footprint into the convenience store industry with Circle K, one of the most recognizable companies in the industry,” said Manugistics Group Vice President of Retail Stephen Poplawski. “By applying our knowledge and experience from other retail segments, Manugistics is ideally positioned to deliver unparalleled retail solutions for the relatively untapped convenience store market.”
About Alimentation Couche-Tard Inc. (Circle K)
Alimentation Couche-Tard Inc. is the leader in the Canadian convenience store industry. In North America, Couche-Tard is the third largest convenience store operator, the second largest independent (not integrated with a petroleum company) convenience store operator and the most profitable one within such category. Couche-Tard currently operates a network of 4,853 convenience stores, 3,007 of which include motor fuel dispensing, located in eight large geographic markets, including three in Canada and five, which cover 23 States in the United States. Some 36,000 people are employed throughout Couche-Tard’s retail convenience network and executive offices in North America.
About Manugistics Group, Inc.
Manugistics powers the synchronized supply chain. Clients depend on Manugistics to position them one step ahead of demand. With Manugistics` unparalleled supply chain and revenue management solutions, clients achieve improved forecast and inventory accuracy and leverage industry leading pricing and yield management solutions to maximize profits while ensuring optimum supply for constantly changing demand. Its clients include industry leaders such as Boeing, Canadian Tire, Cingular, Circuit City, Coca-Cola Bottling, Coty International, DHL, Diageo, DSG International plc, DuPont, Eurostar Group Ltd., Georgia-Pacific, Great North Eastern Railway (GNER), Harley-Davidson, Harrah`s Entertainment, H.J. Heinz, Limited Brands, Kraft Foods, Marriott, McCormick, Nestle, RadioShack, The Scotts Company, Sears Holdings Corp., Sinotrans, Unilever and Wickes Building Supplies. For more information, visit our website at www.manugistics.com.
This release contains forward-looking statements that involve risks and uncertainties which could cause actual results to differ materially, including, but not limited to, the following: the Company’s ability to obtain stockholder and regulatory approvals for the merger between Manugistics and JDA Software Group, Inc. and to consummate the merger; Manugistics’ ability to generate sufficient cash flow to meet its existing debt obligations and effectively conduct its business operations; the implementation of the Company’s exit and disposal plans and other cost reduction measures to align its cost structure with its revenue; effects from recent significant changes in the Company’s organizational structure and senior management; Manugistics’ ability to motivate, hire and retain its highly skilled and qualified workforce; continued softness in the market for enterprise application software, as well as political upheaval and unrest; the Company’s ability to overcome its difficulties in sales execution; the Company’s ability to maintain its competitive place in the markets for its products and services, to keep pace with the rapid technological advances or to introduce new products or product versions that satisfy customer demand, achieve market acceptance or meet competitive challenges; and changes in our competitive environment, including industry consolidation. More information about factors that potentially could affect Manugistics’ financial results is included in Manugistics’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2006. This information is accurate only as of the date of this release and we do not undertake any obligation to update any of the information contained herein.