Alex Lee's Lowes Foods Division Selects Retalix for Demand Forecasting and Order Optimization
U.S. Distributor and Retailer Expands Partnership with Retalix to its 109 Grocery Stores
Dallas, TX, January 8, 2007 – Retalix® (NasdaqGS: RTLX), a global provider of enterprise-wide software solutions for food retailers and distributors, announced today that Lowes Foods Stores, Inc., a subsidiary of Alex Lee Inc., will be implementing Retalix DemandAnalytX (DAX), a demand forecasting and order optimization application. Lowes Foods operates over 100 grocery stores in North Carolina, South Carolina, and Virginia.
“We see significant value in accurate store level inventory and forecasting,” said Jay Schwarz, Vice President of Information Systems, Alex Lee. Schwarz added that “we believe Retalix is a company with a long history of expertise in our industry as well as strong capabilities in the field of advanced analytics.”
“The rollout of Retalix Demand AnalytX at Lowes Foods further demonstrates the strength of our expertise around demand forecasting and order optimization,” said Barry Shaked, president and CEO of Retalix. “The Alex Lee organization has been a Retalix customer for many years, using our Retalix Power Enterprise suite of solutions, and the DAX implementation continues to build on the solid relationship and customer satisfaction between Retalix and Alex Lee’s Lowes Foods division.”
Retalix DemandAnalytX demand forecasting and computer-generated ordering tool is specifically designed for the unique needs of retail grocery and convenience store chains. The application is built on data logic, demand logic, and order optimization. This process removes anomalies from the ordering process to create accurate orders and forecasts. The DAX solution is fully web-enabled, and provides collaborative tools to improve product availability, inventory management and overall supply chain efficiency.
Implementation of Retalix Demand AnalytX in Lowes Foods is expected to be completed in 2007.
About Lowes Foods
Founded in 1954, Lowes Foods employs 8,300 people and operates 109 stores in North Carolina, South Carolina and Virginia. The company is focused on offering fabulous, fresh foods and great groceries in an environment that is fast and easy to shop. Its customer-service focus has led it to develop innovative services such as Lowes Foods To Go and to offer customers the services of a Corporate Nutritionist. Lowes on the Web: www.lowesfoods.com
About Alex Lee
Alex Lee is a holding company for four southeastern food/warehousing companies including: Merchants Distributors, Inc. (MDI), a wholesale food and merchandise distributor; Lowe's Food Stores, Inc. (Lowes Foods), a supermarket operator; and Institution Food House, Inc. (IFH), a food service distributor. Alex Lee on the web: www.alexlee.com
About Retalix
Retalix is an independent provider of enterprise-wide software solutions to retailers and distributors worldwide. With more than 42,000 sites installed across 51 countries, Retalix solutions serve the needs of multi national grocery chains, convenience and fuel retailers, food service operators, food and consumer goods distributors and independent grocers. The Company offers a full portfolio of software applications that automate and synchronize essential retailing, distribution and supply chain operations, encompassing stores, headquarters and warehouses. Retalix develops and supports its software through more than 1,400 employees in its various subsidiaries and offices worldwide. The company’s International headquarters are located in Ra’anana, Israel, and its American headquarters are located in Dallas, Texas. Retalix on the Web: www.retalix.com
Retalix and Retalix DemandAnalytX are either registered trademarks or trademarks of Retalix Ltd. in the United States and/or other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
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. 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, 2005, for a discussion of these and other important risk factors. 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.
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