Island Pacific Implements Replenishment Solution at Five Below
August 18 2009 - 9:30AM
Business Wire
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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