Zak Stambor , Managing Editor
DALLAS, TX – November 9, 2009 – i2 Technologies, Inc. (NASDAQ: ITWO) today announced that Levi Strauss & Co. (LS&Co.;), one of the world’s largest apparel marketers with sales in more than 110 countries, has tapped i2 to design and deploy processes and tools to improve service levels to Levi Strauss & Co.’s U.S. retail customers.
The tools, which include a vendor managed inventory (VMI) functionality, are designed to more accurately replenish products on the retail floor at the SKU level, providing consumers with a better shopping experience and enhancing sales opportunities for retailers. In addition, Levi Strauss & Co. is leveraging associated outsourced managed services from i2 to improve its inventory management.
“We are pleased to partner with Levi Strauss & Co. and help them achieve their business goals, leveraging our managed services and retail solutions to support VMI with its channel partners,” said Gurdip Singh, i2 vice president, Retail and Consumer Industries. “Our goal is to continually monitor results and make recommendations that will allow LS&Co.; to improve its service to its retail customers while minimizing inventory investment.”
Throughout its more than 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries. Learn more at www.i2.com.
About Levi Strauss & Co.
Levi Strauss & Co. is one of the world’s largest branded apparel companies and the global leader in jeanswear, marketing its products in more than 110 countries worldwide. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s, Dockers and Signature by Levi Strauss & Co. brands.Levi Strauss & Co. reported fiscal 2008 net revenues of $4.4 billion. For more information, go to http://levistrauss.com.
i2 Cautionary Language
This press release contains forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s management team and its ability to deliver results to i2’s customers worldwide. For a discussion of factors which could impact i2’s financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2’s recent filings with the SEC, particularly the Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 and the Annual Report on Form 10-K for the year ended December 31, 2008. i2 expressly disclaims any current intention to update the forward-looking information contained in this news release.
For further information, please contact:
i2 Corporate Communications