Island Pacific Announces Replenishment Solution Implementations
October 01 2008 - 10:00AM
Business Wire
Island Pacific, a division of 3Q Holdings Limited (ASX:TQH),
announced that it is implementing Island Pacific Replenishment, a
fully integrated dynamic replenishment solution at Eye Care Centers
of America and Five Below. These retailers join a growing base of
customers who have implemented Island Pacific Replenishment. Eye
Care Centers of America, Inc. operates or manages over 400 optical
retail stores in 37 states and the District of Columbia through 11
store names that are leaders in eye care service in each of their
respective markets. Five Below is a new retail concept positioned
to become the leading extreme-value retailer to the teen market and
beyond. By combining exceptional value with trend-right, quality
merchandise in a vibrant shopping environment, Five Below has
reinvented the traditional five-and-dime for today's younger
generation, and has launched a new retail category within the
specialty discount market. Island Pacific Replenishment was
developed in partnership with several of Island Pacific�s key
customers. Island Pacific Replenishment provides retailers with
tools that allow them to dynamically project and manage basic
merchandise needs and improve service levels in the stores.
Features of Island Pacific Replenishment include: system or
user-defined lost sales calculations; store and item copy and
model; ability to utilize historical weekly sales; exception-based
reporting; and capability to compare and adjust history against
current performance. �The key to success for a retailer is not only
purchasing the right merchandise, it's also getting that
merchandise to the right store at the right time to meet a
retailer's customer demands on a daily basis to avoid lost sales,�
said Richard Gaetano, Island Pacific�s COO Americas. �Island
Pacific Replenishment allows a retailer to estimate stock levels
with pinpoint accuracy, minimize lost sales, and to maximize
resources and manage their inventories for improved sell-through
and profit producing turnover.� Mike Dotson, Island Pacific Vice
President of Global Sales, commented, �We truly provide one of the
best values in the Replenishment space. Our solution offers all of
the core functionality that a retailer needs at a fraction of the
cost of our competitors. In addition, Island Pacific Replenishment
is not simply 'interfaced,' it is fully integrated with Island
Pacific�s Merchandising solution. I believe we are one of the few
companies in the industry who offers a fully integrated
replenishment solution.� Island Pacific continues to develop and
deploy high value and innovative software solutions that enable
retailers to manage the entire scope of their operations and to
understand, create, manage and fulfill consumer demand. These
operations include point-of-sale, customer relationship management,
vendor relationship management, merchandising, demand forecasting,
planning, replenishment, allocation, and event planning. About
Island Pacific Island Pacific is a global leader in retail
merchandising and store operations software solutions. For 30
years, Island Pacific has been a thought leader in retail software
solutions, and has developed a reputation for delivering
high-quality, high-reliability software to the retail industry. As
a result, Island Pacific is a leading resource for scalable,
flexible and affordable solutions for retailers around the world.
Island Pacific, a division of 3Q Holdings Limited was founded in
1978. The company is headquartered in Irvine, California, and has
offices in the United States, the United Kingdom, Australia and New
Zealand.
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