Retek Named VICS Award Finalist for Retail Supply Chain Solution

Business Wire, May 23, 2005

MINNEAPOLIS -- Retek has been named a VICS Collaborative Commerce Achievement Award "Best Third Party Provider" finalist for its Retek Xi retail application suite. Retek Xi applications integrate and streamline the extended retail enterprise, from customer to supplier. Global suppliers and retailers use Retek Xi to create, manage and fulfill demand.

The Retek Xi suite includes the leading CPFR(R) solution among global retailers and suppliers -- Retek Syncra Exchange. This solution collects, manages and analyzes supply and demand chain data to enable rapid response to changes in market conditions. Because Retek Xi employs retail industry standards, it enables retailers and suppliers to share consistent and accurate information such as promotion, sales and inventory data. Retailers and suppliers use this information to identify sales forecast exceptions, prevent out-of-stocks and reduce inventories.

Best Buy and Samsung, also named VICS finalists for "Best in VICS CPFR(R) Implementation," use Retek CPFR technology to drive product flow off of true customer demand. Best Buy and Samsung license the Retek CPFR solution through the Worldwide Retail Exchange (WWRE).

"We are very pleased to see Retek solutions in use around the world," said Matt Johnson, director of supply chain, Retek. "Retek Xi simplifies the retail environment across international lines and contributes to the success of both retailers and suppliers. It is gratifying to see its impact on the retail industry."

About VICS

The Voluntary Interindustry Commerce Standards (VICS) Association is comprised of executives in retail, manufacturing and transportation. The VICS Collaborative Commerce Achievement Awards honor outstanding examples of strategic thinking and standards utilization that result in more effective supply chain partnerships. The VICS Board of Directors will announce the 2005 winners May 25th at the Retail Systems 2005 Conference in Chicago.

About Retek

Founded in 1986, Retek is the leading worldwide provider of mission-critical software and services to the retail industry. Our goal is to make our customers the most successful retailers in the world. Retek solutions integrate collaborative software with predictive technologies, consulting services and the best practices of customers and partners to help retailers create, manage and fulfill consumer demand. Retek solutions can be deployed individually to meet specific business needs, or as part of a scalable and fully integrated, end-to-end solution. The primary software solutions consist of six integrated, but independently deployable groups of products -- Merchandise Operations Management, Integrated Store Operations, Supply Chain Planning, Supply Chain Execution, Merchandise Planning and Optimization, and Demand Planning. Leading global retailers including Tesco, Best Buy, Gap Inc., Sainsbury's and Selfridges use Retek solutions. Visit Retek on the web at www.retek.com.