Tesco Begins Worldwide Upgrade of Stores to Retalix StoreLine V8 and Retalix PocketOffice
Kipa Hypermarkets in Turkey are the first Tesco Stores to implement Retalixs Windows-based POS, Back Office and Mobile PocketOffice applications
Ra’anana, Israel, July 26, 2005 -- Retalix Ltd. (Nasdaq: RTLX) announced today that Tesco PLC, one of the world’s leading retail chains, has begun a worldwide upgrade of its store systems to Retalix StoreLine V8 with POS, Front Office, Back Office and Mobile PocketOffice applications..
The first Tesco store to implement the complete Retalix solution is a Kipa hypermarket in Turkey, which has been running the system successfully since June. The store is located in Bodrum, with 35 tills, 10 Retalix PocketOffice units, and 11 Terminal servers.
This pilot is an important milestone for Tesco and Retalix, which has served as a key technology partner to Tesco for over a decade. Currently, the Retalix StoreLine V7 solution is installed in over 2,000 Tesco sites worldwide. The “Tesco in a box” solution, including the Retalix applications, will be the standard platform for all Tesco stores in the UK, Europe, and Asia.
The Retalix solution includes Windows-based StoreLine POS, Front Office and Back Office applications, including Cash Office, Receiving, Inventory Management and Shelf Labeling. The integrated system streamlines store operations and inventory management, thus allowing employees to spend more time on the sales floor, providing better service to customers. In addition, the mobile solution Retalix PocketOffice is fully integrated into the system, and is used for receiving and counting stock, enabling employees to update critical information from anywhere in the store.
Retalix has fulfilled the role of preferred IT partner for Tesco since 1995 and has been at the forefront of developing innovative software solutions designed to meet the requirements of Tesco’s “International Strategy” initiative that mandates a uniform standardization of retailing software technology in every geographic territory.
Colin Cobain, Group IT Director in Tesco, commented: “The new Retalix solution will help us to improve availability and price integrity in our stores across the world and will mean more staff on the shop floor serving our customers. The system has been running successfully with excellent performance and stability in Turkey, and we are looking forward to seeing the benefits of the planned global deployment of this solution in all of our stores.”
Barry Shaked, President and CEO of Retalix Ltd, said: “Retalix is proud to serve as a key technology partner to Tesco, which has earned a reputation as one of the most innovative and efficient retailers in world. We are committed to working closely with Tesco to develop software solutions that support their goals of standardization across their global retailing organization, while continuing to enhance the functionality, reliability, and usability of the applications we deliver.”
About the Tesco Group
Tesco PLC, the UK’s number 1 supermarket, operates over 2,300 stores in the UK, Ireland, Hungary, Poland, Czech Republic, Slovakia, Turkey and Asia. Tesco’s operations include convenience (“Tesco Express”), small urban stores (“Tesco Metro”), hypermarkets (”Tesco Extra”), financial services and a telecoms business. Tesco is also a leader in online grocery sales through its online store at www.tesco.com
About Retalix Ltd.
Retalix Ltd. provides integrated enterprise-wide software solutions for the food and consumer goods retail and distribution industries worldwide. Retalix solutions are installed in supermarkets, convenience stores, fuel stations, and quick service restaurants, as well as foodservice, grocery, convenience products, and fast moving consumer goods distribution organizations. The Company offers a full portfolio of software applications that automate essential retailing, distribution and supply chain management operations. These applications enable users to increase operating efficiencies, while improving customer acquisition, retention and profitability. With more than 34,000 installations across 50 countries, Retalix develops and supports its software through more than 1,200 employees in its various subsidiaries and offices worldwide.
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 law. 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 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, the potential benefits to food and fuel retailers and suppliers, 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, 2004, 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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