European Automotive Parts Retailer and Global Multi-Media Chain Select Retek
1 March 2000
Top European Automotive Parts Retailer and Global Multi-Media Chain Select RetekLeading Retailers Choose Retek's Internet-Designed Systems for Functionality, Flexibility and Scalability MINNEAPOLIS, Feb. 29 -- Retek Inc gathers continued support for its retail supply chain solutions with today's new customer announcements. Together with Oracle Germany, Retek has signed the largest automotive parts retailer in Germany, ATU. This news comes on the heels of several recent global customer signings. Retek and Oracle also announced today the signing of WHSmith, the UK's largest book and media store chain. (Photo: http://www.newscom.com/cgi-bin/prnh/19990809/MNM017a ) "Retek continues to experience a growing demand for our complete product offering as they drive towards and leverage the power and flexibility of the Internet," said Ian Johnston, Retek EMEA Managing Director. "The ATU and WHSmith signings are a great example of our global reach and ability to provide value to retailers in all marketplaces, from department stores to specialty hardlines to grocery and drug stores." With annual revenue over one billion dollars (US), ATU currently operates over 250 auto parts stores throughout Germany and Austria and is growing rapidly. ATU licensed Retek's merchandising and logistics management solutions after detailed evaluations of several providers. The company selected Retek because of its highly functional and flexible solutions, and scalable technology foundation. WHSmith, operating more than 700 stores worldwide, has also licensed Retek's logistics system. "Retek's Internet-based logistics solutions are proving to be incredibly valuable for retailers in Europe where store and warehouse space is so limited," said Vice President of Retek Logistics, Dave Cook. "Our logistics solutions focus on leveraging technology to maximize the use of this critical supply chain asset. We are excited to help these retailers grow and drive the cost of their supply chain." "I'm pleased to see European, as well as North American, retailers embrace our applications to deal with the complex and changing world of the Internet Economy," said Retek chairman and CEO John Buchanan. "Retailing in the 21st Century requires solutions designed for the complex retail marketplace that allow retailers to take advantage of the Internet Economy." About Retek Inc. Retek Inc. is the world's dominant provider of retail business solutions. The company operates retail.com ( http://www.retail.com ), the retail industry's leading e-commerce platform for business-to-business collaboration. Through retail.com and Retek's operational and predictive retail intelligence software, Retek delivers improved decision-making capabilities and operational efficiencies throughout the entire supply chain, spanning both the B2B and B2C realms. Retek customers include AnnTaylor, Brooks Brothers, Family Dollar Stores, Kohl's Department Stores, Eckerd Corp., The Home Shopping Network and Fogdog Sports. For more information, visit Retek's web site at http://www.retek.com or call 877-362-2532. Retek can be contacted in Europe at +44 171 872 5795.