DALLAS, May 10, 2010 (GLOBE NEWSWIRE) -- Retalix® (Nasdaq:RTLX), a leading global provider of retail and supply chain technology, today announced that Weis Markets, a 164-store grocery chain based in Sunbury, Penn., is looking to cut costs, improve margins and boost its competitive advantage by upgrading Retalix's HQ pricing and merchandising software with new modules, including the HQ Advanced Pricing Bundle, Vendor Web Access, Profit Analyzer, Category Analyzer and Bill Back Manager.
Bob Mawyer, vice president of information technology at Weis Markets, says the new modules will bring additional automation, analysis and intuitiveness to the grocer's pricing, merchandising and inventory management operations.
"We've been a Retalix HQ user since 2000 and we've watched the product's evolution," said Mawyer. "Retalix has added new modules and increased functionality to the software so we decided to leverage those capabilities with a major upgrade that replaces a number of internally developed and supported mainframe systems, as well as adding functionality we believe will give us a competitive advantage. Retalix HQ and the new modules will give us even more visibility and control over our pricing operations, data analysis, and vendor promotional monies at both the store and headquarters levels."
Retalix HQ is a centralized, rules-based pricing and inventory management solution. It helps grocers control costs, prices and authorized items, and standardizes a company's pricing best-practice disciplines for consistent execution of its price strategy. With nearly 100 grocery clients representing more than 5,000 stores, Retalix HQ is widely considered the industry leader in price management.
"Retalix HQ gives retailers like Weis Markets the ability to efficiently develop, execute, and analyze pricing plans and promotions," said Bill Campbell, executive vice president of Retalix's U.S. Retail Division. "As grocers seek to cut costs and improve efficiency in today's economic environment, technology like our Retalix HQ software can provide increased visibility and control into day-to-day operations and ultimately increase profitability."
The integrated solution suite also includes Retalix Store for operational in-store functions such as direct store delivery (DSD) receiving, pricing, inventory and other store-level tasks. Retalix's Category Analyzer module provides item/profit movement analysis and the Bill Back Manager module captures earned promotional dollars from suppliers.
The HQ Advanced Pricing Bundle includes the Competitive Pricing module that automates competitive pricing philosophies to increase profits and marketshare. The bundle also includes the Spread and Parity module that creates business objective rules for fine-tuning the retail price of like items.
About Weis Markets
Weis Markets, Inc. was founded in Sunbury in 1912 by Sigmund and Harry Weis. Today, it operates 164 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia. For more information, visit www.weismarkets.com.
About Retalix
Retalix® (Nasdaq:RTLX) is a leading provider of software solutions to retailers and distributors worldwide. The Company's product and services help its customers automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. Specializing in the food industry, Retalix serves customers in more than 50 countries. For more information, visit www.retalix.com.
Retalix is a registered trademark of Retalix Ltd. in the United States and in other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
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