Argos Goes Live with i2 Demand Planner; Multi-Channel Retailer Aims to Improve Product Availability and Reduce Costs with i2 Solutions

Business Wire, Oct 11, 2004

LONDON -- i2 Technologies, Inc. (OTC:ITWO), a leading provider of closed-loop supply chain management solutions as well as advanced planning and optimisation solutions for the retail industry, today announced that British retailer Argos is now live with i2 Demand Planner. Argos reports that this go-live can enable the company to forecast demand for more than 10,000 product items and allow product availability for customers using its catalogues, online storefront and over 560 shops in the UK and Ireland.

"With strong competition both on the street and from the Internet, there is a great deal of pressure on retailers to keep prices low, while still offering a wide range of products in stock," said Caroline Bell, supply chain programme manager for integrated planning, Argos. "We need to be sharp at predicting what customers want and make sure that we supply it in the right volumes. At the same time, we need to do this in the quickest and most efficient way possible, to help deliver lower prices for our customers. It is our goal to improve our product availability and reduce costs and we will be working on using Demand Planner to support this by improving our forecasting."

i2 Demand Planner is designed to help companies more accurately model and predict customer demand. It can be tailored to the forecasting needs of different product categories to address fast and slow moving items, seasonal and promotional lines and it will also highlight exceptions, where actual sales differ from the forecast. "An exception-based approach will enable us to make adjustments to our forecasts so that we do not over-stock or under-stock, and disappoint our customers," explains Bell.

"In today's volatile consumer market, it is essential for retailers to focus on providing exemplary customer service, breadth of choice and outstanding value. Powerful forecasting tools can make a significant contribution to these aims as well as improve costs and efficiency for the retailer," said Lee Gill, Vice President, Retail, i2."This is the company's second implementation of i2 software. We look forward to seeing tangible benefits and business improvements particularly in product availability and levels of inventory. We are proud to be associated with Argos and we continue to invest in further strengthening our relationship with this highly successful retailer."

Argos also leverages i2 Merchandise Planner for its operational sales and stock planning processes, as well as for planning its catalogue and promotional activities. The solution, which has been developed for retailers by i2, helps companies plan their product assortments, pricing and store allocations. i2 retail solutions include a range of modular and flexible solutions covering merchandise planning, replenishment planning and execution, price and revenue optimisation and end-to-end transportation, planning and execution.

About Argos

Founded in 1973, Argos is the UK's leading general merchandise retailer with sales of more than GBP 3 billion (US$5.5 billion). Owned by GUS plc and part of the Argos Retail Group, Argos has more than 560 stores throughout the UK and Republic of Ireland, as well as distribution centres, call centres and a head office in Milton Keynes, England. Argos employs more than 23,000 people and is a leading player in many markets including consumer electronics, furniture, jewellery and sports equipment.

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Argos Goes Live with i2 Demand Planner

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About i2

A leading provider of closed-loop supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2's global customer base consists of some of the world's market leaders - including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com.

i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc.

i2 Cautionary Language

This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding a customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q filed August 9, 2004 and the Annual Report on form 10-K/A filed March 17, 2004. i2 assumes no obligation to update the forward-looking information contained in this news release.