Island Pacific Systems, Inc. (Island Pacific), a 100% owned subsidiary of 3Q Holdings Limited (ASX: TQH), announced today that it has implemented Island Pacific Replenishment, a fully integrated dynamic replenishment solution at Five Below, the leading retailer of extreme-value merchandise to teens, pre-teens and beyond.

By combining exceptional value with brand name, trend-right merchandise in a vibrant shopping environment, Five Below has reinvented the traditional five-and-dime, and has created a new retail category within the specialty discount market. Five Below stores, now numbering over 85, offer a dynamic assortment of merchandise, all of which is priced between $1 to $5.

Developed in partnership with several Island Pacific customers, Island Pacific Replenishment provides retailers with tools that allow them to dynamically project and manage merchandise needs. For example retailers can track, analyze and calculate replenishment needs utilizing historical weekly sales and future trends.

"We’ve been able to remove considerable manual analysis time from our store replenishment process by automating with Island Pacific Replenishment,” said Chris DeMeester, VP of Information Technology for Five Below.

“In order to meet consumer demands, a retailer must have the right merchandise in the right store at the right time,” said Richard Gaetano, Island Pacific’s COO Americas. “Island Pacific Replenishment allows a retailer to increase sell through with improved service levels by having the merchandise when a customer wants it.”

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 (www.threeq.com.au) 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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