Dillard's Chooses i2 to Optimize Retail Processes; Specialized Forecasting and Replenishment Functions to Increase Customer Service and Satisfaction
BUSINESS WIRE - January 16, 2001 09:01
DALLAS, Jan 16, 2001 (BUSINESS WIRE) -- i2 Technologies, Inc. (Nasdaq:ITWO), the leading provider of marketplace solutions, today announced that Dillard's Inc. (NYSE:DDS), one of the nation's largest fashion apparel and home furnishings retailers, has purchased i2's e-business solutions to transform its forecasting processes and replenishment of basic stock items. With best-in-class supply chain solutions from i2, Dillard's will implement demand planning, retail replenishment planning, and business process intelligence tools designed to improve its delivery of exceptional customer service.
Dillard's, comprised of 340 store locations spanning 29 states, plans to tackle a challenge most high-volume retail stores face - how to provide merchandise that matches each individual store's specific demographic community. Dillard's will implement i2 TradeMatrix Demand Planner(TM), which is designed to provide Dillard's with the ability to more accurately forecast the items customers will want to buy in each geographic location. Every Dillard's store will be treated as a unique entity, with forecasts based on each store's historic selling patterns.
i2's solutions are designed to help Dillard's meet another issue that challenges retailers - having too few of the items that are selling well and having too many of the items that are not selling. Dillard's will also implement i2 TradeMatrix Retail Replenishment Planner(TM), which is intended to assist retail chains such as Dillard's replenish each store only with the exact items, down to the color and size level, that are actually selling. Increased customer service and improved inventory productivity are just some of the benefits Dillard's expects to experience with installation of this product.
Also in the suite of solutions Dillard's intends to implement is i2 TradeMatrix BPI(TM), which is designed to provide the retailer with the tools necessary to analyze forecasting and replenishment data at a store and SKU level, allowing for the proactive identification and recommendation of actions to refocus inventory investment to the areas where sales are occurring. Additionally, it provides the capability to feed this type of information back to suppliers in the forecasting and replenishment system in a closed-loop, self-correcting mechanism that provides benefits to every participant in the value chain.
"This is the solution for which we have been searching for years," said Alex Dillard, president of Dillard's Inc. "i2's solutions should enable us to improve the availability of merchandise our customers want when they shop at our stores, while focusing our inventory investment on the items that are actually selling in each store."
"Dillard's has boldly stepped up to the plate to heighten customer service and inventory productivity," said Sanjiv Sidhu, i2's chief executive officer. "Their strategy in bringing business and retail planning processes down to a local store level will have a significant effect on their customers and the entire retail industry."
About i2
i2 is creating real value for its global e-business customers through its i2 TradeMatrix Solutions(TM) and marketplace platform, and its Infinite Content business unit. i2 TradeMatrix allows businesses to create both private and public marketplaces, while improving the efficiencies of all participants. Founded in 1988, i2's mission is to deliver $75 billion in value to its customers by 2005. i2 is headquartered in Dallas, has more than 5,600 employees and maintains offices worldwide. Visit i2 at www.i2.com.
i2 is a registered trademark of i2 Technologies, Inc. i2 TradeMatrix, TradeMatrix Demand Planner, TradeMatrix Retail Replenishment Planner, TradeMatrix BPI and the i2 logo design are trademarks of i2 Technologies, Inc.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties, including the customer's ability to implement i2 solutions successfully or to achieve benefits attributable to i2 products. 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 filing with the SEC, particularly the Form 10-K filed March 22, 2000 and Form 10-Q filed November 13, 2000. i2 assumes no obligation to update the forward-looking information contained in this news release.
About Dillard's
Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishings retailers. The Company's stores operate with one name, Dillard's, and span 29 states. Dillard's offers a distinctive mix of name brand and private label merchandise, appealing to a broad range of customers.
Dillard's, Inc. Cautionary Language
This press releases contains Dillard's, Inc.'s (the "Company" or "Dillard's") stated and implied intentions with regard to the implementation of the of the products and services of i2 Technologies, Inc. which is a communication of forward-looking information within the definition of federal securities laws. It is important to note that Dillard's actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in the forward looking statements include, but are not limited to, Dillard's capacity to successfully implement and integrate the products and services of i2 Technologies and the resulting effect on achieving the benefits stated herein. For a discussion of risk factors that could cause Dillard's, Inc. financial results to differ materially from those expressed or implied in the Company's forward-looking statements please refer to Dillard's, Inc.'s filings with the Securities and Exchange Commission, including Form 10-K for the period ended January 29, 2000.
CONTACT: i2 Beth Elkin, 469/357-4225 beth_elkin@i2.com or Dillard's, Inc. Julie Bull, 501/376-5965 julie.bull@dillards.com or Edelman Public Relations for i2 Zenobia Daruwalla, 312/240-2841 zenobia.daruwalla@edelman.com
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