Contract Renewal

18 Jan 2007 07:06

Torex Retail PLC18 January 2007 18 January 2007 HOME RETAIL GROUP RENEWS CONTRACT WITH TOREX RETAIL High street retail giant Home Retail Group has recently signed a long term multimillion pound deal with leading retail technology solutions provider TorexRetail to provide software and services across the Argos and Homebase estates. The contract will include the provision of in store solutions and consultancyfor the Argos and Homebase stores as well as the ability to deploy the TorexRetail-J EPoS (electronic point of sale) software into current and future routesto market. The contract was awarded following a competitive tender for software amongstother retail solutions providers and Home Retail Group selected Torex Retailbased on their depth of knowledge and experience in the industry and the successof an existing 26 year relationship with Home Retail Group. The Argos estate has considerable point of sale devices installed in more than650 stores and will see the deployment of Retail-J during 2007. The majorelements of the in store solutions will be deployed over the next four years. Aten year maintenance contract will also be provided as part of the arrangementbetween Home Retail Group and Torex Retail. The Retail-J solution was selected based on its ability to best fit with HomeRetail Group's business processes and technical model. With a considerablenumber of stores across the Argos and Homebase estates it was essential thatthey chose to work with an organisation that could meet their exactingrequirements. The Torex Retail approach of driving the business from head officedown to store level closely matched the processes of the Argos business. The contract is a result of a collaboration between the two companies to provideHome Retail Group with the most suitable and best performing EPoS system andinnovative retail software which will meet the organisation's current and futurerequirements. Commenting on the contract win, Doug Hargrove, Chief Executive of Torex's UKGeneral Retail Business said: "We are delighted to be continuing our longstanding relationship with Home Retail Group. The deployment of Retail-J willbring considerable benefits to the Argos stores and we look forward to seeingthe positive impact this will have across the business. Home Retail Group is anexcellent customer for us to work with as it illustrates our status as a UKleader in the solutions industry that has delivered and will continue to deliveroutstanding solutions." - 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 Home Retail Group Home Retail Group is the UK's leading home and general merchandise retailer withsales of over £5.5 billion in the last financial year. It sells products undertwo distinctive and complementary retail brands, Argos and Homebase, which arehousehold names in the UK. Argos is a unique multi-channel retailer recognisedfor choice, value and convenience and is the UK's leading seller of generalmerchandise. Homebase is the UK's second largest home improvement retailer andis recognised for choice, style and customer service across the wider homeenhancement market. www.hrg.com This information is provided by RNS The company news service from the London Stock Exchange