Deloitte Consulting Expands Retek Retail Practice

Business Wire, August 19, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--August 19, 2002

Firms Collaborate at NEXCOM and Ross

Stores for Comprehensive Retail Solutions

Deloitte Consulting today announced that its global Consumer Business practice has enhanced its delivery capabilities through an alliance with Retek Inc. (NASDAQ: RETK).

This new alliance will allow the firm to provide a comprehensive suite of applications solutions and consulting services to retailers around the world. The two companies will collaborate at a project's onset, resulting in faster, smoother implementation across all channels in meeting retail customers' needs.

A collaborative project between Deloitte Consulting and Retek is presently underway at NEXCOM, the Navy Exchange Service Command. NEXCOM operates retail and service establishments for members of the United States Navy and their families around the world. Deloitte Consulting, Retek, and NEXCOM are working together to implement the full suite of Retek applications with a focus on new systems and processes for merchandising, warehousing, services, and stores.

"Retek's retail solutions are the perfect complement to our research and integration capabilities," said Ed Carey, Deloitte Consulting's leader for its global Consumer Business Practice. "Our combined offering can provide retailers with opportunities for a higher level of customer service, better inventory management, stronger industry relationships, lower operating costs and enhanced profitability."

Another joint win for the Deloitte Consulting and Retek alliance is at Ross Stores, Inc. Deloitte Consulting, Retek, and Ross are working together to implement Retek Merchandising System, Retek Data Warehouse, and Retek Invoice Matching solutions. Ross Stores is a national chain of more than 400 off-price retail apparel and home accessories stores, located predominantly in community and neighborhood strip shopping centers and targeting middle- to upper-middle-income households.

"We look forward to continued successful implementations with our alliance with Deloitte Consulting," said Peter Espinosa, senior vice president of worldwide field operations with Retek. "Deloitte Consulting's extensive understanding of the retail industry business and technology requirements is an excellent complement to Retek's retail technology expertise."

Retek offers global software solutions designed specifically for retailers. Focused on four core business processes -- Retail Customer Relationship Management, Merchandising Operations Management, Supply Chain Management and Advanced Retail Planning and Optimization -- Retek recently launched Retek 10. Retek 10 delivers value to customers through a combination of implementation strategies, technologies, services, software and support designed to optimize retail business performance, maximize customer satisfaction and minimize supply chain costs.

Deloitte Consulting is known for its deep knowledge of the retail segment and its business transformation experience. In its alliance with Retek, the firm will provide input regarding industry technology functionality trends and will collaborate with Retek on appropriate product enhancements and development to address these trends. Additionally, Deloitte Consulting will provide system integration and process transformation services to clients during installations of Retek systems. Both companies will participate in joint marketing and sales activities such as account planning, lead management, and sales presentations.

About Deloitte Consulting

Deloitte Consulting is one of the world's leading management consulting firms, and is uniquely known for a straight-talking, common sense approach to solving businesses' most complex technology challenges. Deloitte Consultants work hand-in-hand with clients to improve business performance, drive shareholder value, and create competitive advantage. The firm has 15,000 professionals in 33 countries, and serves more than one-third of the companies in the Global Fortune(R) 500. It is the only consulting firm with five straight appearances on Fortune Magazine's list of "100 Best Companies to Work for in America." http://www.dc.com.

"Deloitte Consulting," and the "Deloitte Consulting logo," are trademarks or registered trademarks of Deloitte Consulting or its affiliates. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

About Retek

Retek Inc. (Nasdaq:RETK) is the leading provider of mission-critical software and services to the retail industry. Retek 10 integrates collaborative software with patented predictive technologies, consulting services, and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Leading global retailers including A&P, Tesco, Best Buy, Family Dollar Stores, Gap, Sainsbury's, Eckerd Corp. and Kohl's Department Stores use Retek solutions. On the net: Retek at http://www.retek.com.