McLean, Va., June 19, 2007 -- MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Stage Stores Inc. is expanding its deployment of MicroStrategy for reporting and analysis of sales and inventory data. Stage Stores, Inc. operates 667 retail stores located in 33 states.
MicroStrategy will provide Stage Stores with key reporting and analysis capabilities to evaluate sales and inventory performance across its network of stores. The Stage Stores user community will include buyers, planners, and allocators evaluating operational performance with transactional reports. Stage Stores has also deployed MicroStrategy to assess vendor performance, analyze point-of-sale transactions, and produce financial reports.
“MicroStrategy is a powerful tool that provides excellent analysis capabilities, especially for organizations with enormous amounts of data,” said Jeff Kish, CIO of Stage Stores. “By streamlining the analysis of our transactional data, our users will have the information they need to make strategic, data-driven decisions.”
“We are delighted that Stage Stores has selected MicroStrategy for its merchandising analysis,” said Sanju Bansal, MicroStrategy’s COO. “The MicroStrategy platform enables retailers to gain valuable insights into essential areas such as store operations, product sales, marketing campaigns, merchandise management, and customer loyalty.”
About Stage Stores
Stage Stores, Inc. brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 667 stores located in 33 states. The Company operates under the Bealls, Palais Royal and Stage names throughout the South Central states, and under the Peebles name throughout the Midwestern, Southeastern, Mid-Atlantic and New England states. For more information about Stage Stores, visit the Company’s web site at www.stagestores.com.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.