Tissue Regenix Group Regulatory News (TRX)

18 Jan 2007 07:08

Torex Retail PLC18 January 2007 18 January 2007 TOREX RETAIL SECURES £2.5M FOUR YEAR CONTRACT WITH SWAROVSKI FOR FIRST GLOBAL DEPLOYMENT OF RETAIL-J Swarovski, world's leading producer of precision-cut crystal has selected TorexRetail to supply the Retail-J EPoS solution across their global retaillandscape. The deal including licenses, maintenance and support services couldpotentially be worth in excess of £2.5M. The deployment is set to commence shortly in North America before rolling toAustria and then to the rest of the company's retail estate around the world.This contract win represents the latest in a series of global deals for TorexRetail which already provides EPoS solutions to organisations including Esprit,Triumph and Reiss on a multi-site multi-country basis. Swarovski is deploying Retail-J as the cornerstone of its strategy to maximizesupply chain efficiency, improve customer service and CRM functionality, reducemanual integration and improve business reporting. The Retail-J solution will be deployed on existing hardware and will replaceSwarovski's existing EPoS Retail Pro solution. The decision to select Torex Retail follows a tendering process undertaken bySwarovski and the decision to award the contract to Torex Retail was takenbecause of the company's ability to deliver market leading EPoS software thatintegrates seamlessly with Swarovski's existing SAP infrastructure andconcurrently deployed Tomax Merchandise Planning solution. Torex was able to demonstrate global scale and deployment capability coupledwith extensive experience of rolling out worldwide retail solutions capable ofaddressing key issues including language, tax and fiscalisation. Importantly forSwarovski, Torex's retail expertise adds value and enhances the established SAPmanufacturing and distribution solution. When complete, the implementation will enable Swarovski to enjoy the benefits ofa common system deployed across its entire estate. The solution will deliver a number of business benefits including online accessto inventory across a region along with improved supply chain management andstore replenishment. The solution will also be providing full capability forairside trading which is a key consideration for Swarovski's airport basedretail outlets. The solution will lower training costs and allow regional managers access tostores from remote locations (including from other stores) to allow them to viewstore performance and monitor key business metrics. Commenting on the decision to award the contract to Torex Retail, Rob Noller,Vice President of Global Retailing and Information Technology for Swarovskisaid, "Torex Retail has demonstrated its ability to deliver a proven solutionthat it can deploy and support on a global level. The Retail-J application addresses a number of key issues faced by our businessand I believe, once complete, the solution will increase operating efficiencyand further improve the consumer experience." According to Torex Retail's Overseas Chief Executive Phil Cox, "Against themajor global competitors from within our Industry, this appointment demonstratesour ability to deliver state of the art EPoS solutions on a truly global basisand importantly provide the support and maintenance required by a progressiveretailer like Swarovski. We are experiencing considerable market interest inRetail-J from outside of the UK market place, where its success to date has beenenjoyed. This win will only serve to give our existing clients, and prospectivenew clients the confidence that we can deliver a compelling combination oftechnology and services, in any region in the world, via our considerableexisting operations, and selected partners. The language, fiscalisation and EFTrelated software development required to deliver this project would acceleratethe readiness of Retail-J for wider scale global deployment. We are proud tohave added Swarovski to the already impressive list of Retail-J customers." - ends - Enquiries: Citigate Dewe Rogerson:Ginny Pulbrook, Director Tel: 020 7638 9571Seb Hoyle, Director Tel: 020 7638 9571 About Torex Retail - www.torexretail.com Torex Retail is a leading independent provider of cutting edge retail technologysolutions to many of the world's principal retailers. Since the company'sflotation in spring 2004 Torex Retail has achieved rapid growth across all ofits markets and has rigorously pursued its goal of becoming the provider ofchoice. As a result, the company now has a presence in all of the major marketsaround the world and has built a strong platform for future growth in line withits strategy. Torex Retail's product and solution set spans high street andout-of-town retail as well as the petroleum and convenience sector and with over6,000 customer relationships, including Tesco, Woolworth, Selfridges and Argos,the company has earned a leading reputation amongst retailers. Torex Retail hasmore than 2,800 staff based in 22 countries. About Swarovski - www.swarovski.com For more than a hundred years Swarovski, the Austrian family company based inWattens in the Tyrol, has been the world's leading brand for cut crystal.Crystal jewellery stones and crystalline semi-finished goods for the fashion,jewellery and lighting industries are as much a part of the company's productrange as gift articles, home accessories, and collectibles fashioned fromfaceted crystal. Swarovski's artistic and design abilities are evident in DanielSwarovski Paris and Swarovski Jewellery, the company's accessory and jewelleryranges. Since 1995 visitors have been able to enjoy the ultimate crystalexperience at the Swarovski Crystal Worlds. The Swarovski group also includesTyrolit, which produces grinding tools and abrasives, and Swarovski Optik, thecompany's optics division, with its precision optics for hunting and natureobservation. In 2005 Swarovski achieved group sales of Euro 2.14 billion with atotal of approximately 17,000 employees. This information is provided by RNS The company news service from the London Stock Exchange