Science & Technology
Science and Technology
Science and Technology
Tue, January 13, 2009 Virgin Stores SA Invests in JDA Software to Increase Sales, Boost Customer Service Levels and Enhance Employee Productivity
LONDON & SCOTTSDALE, Ariz.--([ BUSINESS WIRE ])--[ JDA ][ ® ][ Software Group, Inc. ](NASDAQ: JDAS) today announced that Virgin Stores SA selected JDA's industry-leading [ Space & Category Management ] and [ Allocation & Replenishment ] solution suites to support its initiatives to drive increased sales and customer service levels, as well as enhance employee productivity with improved space management processes and a centralized replenishment system. Acquired by Butler Capital in February 2008, the €340-million retailer sells music, books, software and videos in more than 30 stores throughout France.
"JDA has a reputation for providing fast ROI, and that's why we selected its robust, best-of-breed solutions to support our strategic business objectives," said Laurent Fiscal, general manager, strategy and markets, Virgin Stores. "After evaluating software offerings from other vendors, we realized that JDA's solutions had the ability to deliver truly optimized planning, order execution and management processes, as well as tailored, localized assortments based on consumer demand – all of which will ultimately lead to increased customer satisfaction and sales."
Virgin Stores is implementing [ JDA ][ ® ][ Space Planning ] and [ JDA ][ ® ][ Intactix Knowledge Base ] to execute category plans that optimize the position, performance and layout of product categories, as well as combine robust business intelligence with critical decision support to help increase profitability and customer satisfaction. Virgin Stores is simultaneously installing [ JDA ][ ® ][ Advanced Store Replenishment ], which will enable it to better manage its inventory forecasting and replenishment requirements, leading to decreased out-of-stocks, reduced inventory levels and improved labor savings.
The retailer expects to launch a pilot program using the JDA solutions for its non-publishing products, such as accessories and stationery, in April 2009.
Wayne Usie, JDA senior vice president, retail, commented, "Despite today's tough global economic environment, retailers like Virgin Stores understand that they must continue to invest in innovative solutions that will enable them to increase operational efficiencies and maximize profits. We look forward to helping Virgin Stores achieve its business objectives by realizing localized product assortments and transforming its replenishment processes with the use of JDA's [ Allocation & Replenishment ] and [ Space & Category Management ] solutions."
About Virgin Stores SA
Virgin Stores SA is a specialized retailer in cultural products (Books, CD, DVD, Games). The Company was acquired in February 2008 by Butler Capital Partners, a French private equity firm. Virgin Stores SA operates 30 large stores in France and 5 smaller stores in airports and train stations under the "Virgin Megastore" brand. The Company generates around € 340 M (VAT excl.) in revenues. Virgin Stores SA owns a majority stake in VirginMega, the N°2 music & VOD online service in France. The Company also manages a network of franchisees mainly in the Middle East and North Africa that generated $ 200 M in revenues in 2008.
About JDA Software Group, Inc.
JDA® Software Group, Inc. (NASDAQ: JDAS) is focused on helping companies realize real supply chain and revenue management results – fast. JDA Software delivers integrated merchandising, as well as supply chain and revenue management planning, execution, and optimization solutions for the consumer-driven supply chain and services industries. Through its industry leading solutions, leading manufacturers, distributors, retailers and services companies around the world are growing their businesses with greater predictability and more profitability. For more information on JDA Software, visit [ www.jda.com ] or contact us at [ info@jda.com ] or call +1.800.479.7382.
This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as "will," "ensure," "help," "enable" and "expect" and other words with forward-looking connotations. In this press release, such forward-looking statements include, without limitation, comments that JDA's solutions enable companies to achieve increased profitability and customer satisfaction. The occurrence of future events may involve a number of risks and uncertainties, including, but not limited to: (a) our solutions may not perform exactly as we anticipate; (b) there may be implementation and integration problems associated with our solutions; and (c) other risks detailed from time to time in the "Risk Factors" section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. JDA is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
"JDA" is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name "JDA" is a trademark and/or property of JDA Software Group, Inc.
