Family Express Optimizes Inventory Management With Retalix
DALLAS, May 21, 2012 (GLOBE NEWSWIRE) -- Family Express® of Valparaiso, Ind. recently improved its inventory management operations significantly by deploying Retalix® Ltd.'s (Nasdaq:RTLX) Demand-Driven Replenishment solution across its convenience stores in NW Indiana.
By using this demand forecasting and inventory replenishment system, Family Express reduced its tobacco order size by 21 percent, while increasing its average monthly inventory turnover per store by 2.5 turns. The software application has also helped decrease the retailer's average inventory days on hand for tobacco products by 2.4 days.
In addition, the Demand-Driven Replenishment solution has given Family Express the option to automatically re-order a significant percentage of all items in its stores, effectively reducing inventory management labor, and thus increasing customer face time. The convenience retailer is also experiencing a much reduced out-of-stock rate.
"Retalix (RTLX) and its Demand-Driven Replenishment solution have helped us optimize our inventory management and elevated our operations to a higher, more sophisticated level," said Bill Nolan, vice president of marketing for Family Express. "The sales, turnover and inventory-on-hand improvements that we've witnessed illustrate that the Retalix solution accurately forecasts demand for each store and keeps our inventory at an optimal level, which ultimately impacts our bottom line."
Todd Michaud, president of Retalix USA, said, "Demand-Driven Replenishment is truly changing the game of inventory management. By combining our proprietary science with our 30 years of retail experience, our demand forecasting and inventory replenishment system is proven to help retailers like Family Express efficiently and effectively reduce out-of-stocks, decrease losses from spoiled or damaged goods, and improve their overall inventory position and profitability."
For more information on Retalix Demand-Driven Replenishment, visit:
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. Family Express features proprietary brands, including JAVA WAVE gourmet coffees, Buzzed Energy Drinks, SqueezeFreeze FCB drinks, 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 to the stores daily.
Retalix is a leading global provider of innovative software and services to high volume, high complexity retailers, including supermarkets, convenience stores, fuel stations, drugstores and department stores. The company's products and services help its customers to manage and optimize their retail operations, differentiate their brand and build consumer loyalty, while providing retailers with the flexibility and scalability to support ongoing business transformation and growth. Retalix offers solutions for point-of-sale (POS), sales channels and in-store management (including mobile and e-commerce), customer management and marketing, merchandising, and logistics. By leveraging a multitude of deployment options, including Software-As-A-Service (SaaS), Retalix serves a large customer base of approximately 70,000 stores across more than 50 countries worldwide. The Company's headquarters are located in Ra'anana, Israel, and its North America headquarters are located in Plano, Texas. Retalix stock trades on the NASDAQ and the Tel Aviv Stock Exchange.
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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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, 2010, 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.
CONTACT: For media information: Brad Prizer Retalix Ltd. +1-877-573-7193 firstname.lastname@example.org For corporate affairs: Zviki Shimon Retalix Ltd. +1-877-573-7193 x6283 Investors@retalix.com
Source: Retalix Ltd. 2012 GlobeNewswire, Inc.