This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Family Express Selects Retalix To Optimize Fresh Product Inventory Management, Reduce Out-of-Stocks

Stocks in this article: RTLX

DALLAS, March 29, 2011 (GLOBE NEWSWIRE) -- Retalix® (Nasdaq:RTLX) today announced that Family Express®, a Valparaiso, Ind.-based convenience store chain, plans to reduce out-of-stocks, enhance the quality of its center-of-store product and fresh product offerings, and optimize its inventory position with Retalix's Demand-Driven Replenishment solution.

"We conducted a detailed search of industry vendors who could help us better manage our total product inventory while providing a seamless integration with our existing IT systems. A quick deployment and user-friendly interface were also required. Retalix met all criteria, and was clearly the best choice," said Bill Nolan, vice president, marketing of Family Express. "Retalix's Demand-Driven Replenishment solution offers one of the most robust, feature-rich systems on the market, and the depth of its intuitive analytics made our decision very easy."

In this project, Retalix will integrate its Demand-Driven Replenishment solution with the retailer's existing pricing, merchandising and point-of-sale (POS) software solutions to create a seamless and efficient demand-based replenishment system. The rollout will begin this year across all Family Express locations in Northwest and North Central Indiana.

"As proven with our customers, the Demand-Driven Replenishment solution has been very beneficial to retailers in both the convenience and grocery industries, often providing improved out-of-stock results of less than one percent, compared to the industry average of eight percent, and leading to increased sales and margins as well as enhanced customer satisfaction and retention," said Roy Simrell, president of Retalix USA. "With this solution, Family Express will now increase visibility and control over its inventory management – especially for fresh items – which will help them cut costs, grow sales and enhance the overall customer experience."

Retalix's Demand-Driven Replenishment solution is part of the Retalix Merchandising Solution Suite. It is a solution designed specifically for food and fast-moving consumer goods retailers, to optimize inventory management and positions, reduce out-of-stocks and streamline the order process. It is based on Microsoft technologies, and is comprised of four core modules: Demand Forecasting, Inventory Management, Order Optimization, and Analytics, and it contains advanced proprietary algorithms to interpret demand and optimize replenishment orders. Retailers using the Demand-Driven Replenishment solution have reported significant out-of-stock reductions, decreased inventory levels and inventory costs and lower spoilage of perishable products.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,546.47 +146.80 0.90%
S&P 500 1,932.38 +28.37 1.49%
NASDAQ 4,389.9730 +73.8990 1.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs