DALLAS, March 29, 2011 (GLOBE NEWSWIRE) -- Retalix® (Nasdaq:RTLX) today announced that Family Express®, a Valparaiso, Ind.-based convenience store chain, plans to reduce out-of-stocks, enhance the quality of its center-of-store product and fresh product offerings, and optimize its inventory position with Retalix's Demand-Driven Replenishment solution.
"We conducted a detailed search of industry vendors who could help us better manage our total product inventory while providing a seamless integration with our existing IT systems. A quick deployment and user-friendly interface were also required. Retalix met all criteria, and was clearly the best choice," said Bill Nolan, vice president, marketing of Family Express. "Retalix's Demand-Driven Replenishment solution offers one of the most robust, feature-rich systems on the market, and the depth of its intuitive analytics made our decision very easy."
In this project, Retalix will integrate its Demand-Driven Replenishment solution with the retailer's existing pricing, merchandising and point-of-sale (POS) software solutions to create a seamless and efficient demand-based replenishment system. The rollout will begin this year across all Family Express locations in Northwest and North Central Indiana.
"As proven with our customers, the Demand-Driven Replenishment solution has been very beneficial to retailers in both the convenience and grocery industries, often providing improved out-of-stock results of less than one percent, compared to the industry average of eight percent, and leading to increased sales and margins as well as enhanced customer satisfaction and retention," said Roy Simrell, president of Retalix USA. "With this solution, Family Express will now increase visibility and control over its inventory management – especially for fresh items – which will help them cut costs, grow sales and enhance the overall customer experience."
Retalix's Demand-Driven Replenishment solution is part of the Retalix Merchandising Solution Suite. It is a solution designed specifically for food and fast-moving consumer goods retailers, to optimize inventory management and positions, reduce out-of-stocks and streamline the order process. It is based on Microsoft technologies, and is comprised of four core modules: Demand Forecasting, Inventory Management, Order Optimization, and Analytics, and it contains advanced proprietary algorithms to interpret demand and optimize replenishment orders. Retailers using the Demand-Driven Replenishment solution have reported significant out-of-stock reductions, decreased inventory levels and inventory costs and lower spoilage of perishable products.
About Family Express
Family Express operates stores throughout Northwest and North Central Indiana. The company's unique logistics model consolidates 25 traditional DSD weekly deliveries into a single daily delivery, thereby achieving transportation efficiencies and unsurpassed freshness for perishables. Family Express strives to deliver an outstanding customer experience through its "living brand" philosophy – a commitment to customers, with an obsession on friendly and courteous service. Family Express is also known for its attractive and upscale colonial architecture and its high-performance fuel program which has a CPG breakeven of essentially zero. Additionally, Family Express features its proprietary brands, including JAVA WAVE gourment coffees, Buzzed Energy Drinks, SqueezeFreeze frozen carbonated drinks, private label natural spring water, milk products, and ice. Its Cravin's Market brand includes a line of fresh sandwiches and bakery products such as its signature square donuts that are prepared and delivered daily from the company's central distribution facility. For more information, visit www.familyexpress.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 http://www.retalix.com. Follow Retalix on Twitter: @Retalix.
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Safe Harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and U.S. federal securities laws. For example, the statements regarding the future rollout of deployment of Retalix solutions and the performance goals that Retalix customers like Family Express are trying to achieve by deploying such solutions all include forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Such factors include risks relating to Retalix's anticipated future financial performance and growth, continued roll-outs with existing customers, continued interest in Retalix's new platforms, the perception by leading retailers of Retalix's reputation, the potential benefits to food and fuel retailers and distributors, expansion into new geographic markets, and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including Retalix's Annual Report on Form 20-F for the year ended December 31, 2009, for a discussion of these and other important risk factors. Except as required by law, Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.