Primark to Install Island Pacific Planning Solution
November 05 2009 - 6:00AM
Business Wire
Island Pacific Systems, Inc. (Island Pacific), a 100% owned
subsidiary of 3Q Holdings Limited (ASX: TQH), announced today that
it recently signed an agreement for Island Pacific Planning
licenses and services with Primark, a European retailer with over
190 locations in the United Kingdom, Ireland, Spain, Portugal,
Germany, The Netherlands, and Belgium.
Island Pacific Planning is the cornerstone of Island Pacific’s
Assortment Management solution and consists of Merchandise Planning
(incorporating Price Points and Category Mix Analysis and Key Item
Planning), Store Planning (incorporating Store Clustering and
Grading) and Assortment Planning.
The Island Pacific Planning solution will be interfaced to
Primark’s existing systems and will allow Primark to efficiently
and accurately plan across all levels of their retail business.
“Primark’s business is based on high volume, low cost, with
massive levels of stock constantly moving through their supply
chain. Not only is our solution robust, efficient and simple to
use, but it will allow Primark to be more reactive to meet the
demands of their ever changing and expanding business. We believe
it will provide the Buying and Merchandising teams with an
effective set of tools that will support the growth of the business
through more efficient and timely planning, monitoring and
forecasting and significantly reduce manual input,” said Mike
Dotson, Vice President of Global Sales for Island Pacific.
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 Primark
Primark is a retail group in the value sector and operates a
total of 191 stores in Ireland (where it trades under the Penneys
brand), The Netherlands, Spain, Portugal, Germany and the UK.
Primark employs in excess of 28,500 people. In GB, in terms of
market share in the 24 weeks up to 21st June 2009, TNS ranks
Primark as GB’s largest clothing retailer by volume. Verdict
Research now places Primark as the leading retailer in value
clothing and Primark was recently voted 'Best Budget Store on the
High Street' by GMTV viewers.
Primark is successful because it offers:
- Super-competitive prices (the
result of technology, efficient distribution, supply and volume
buying)
- Mainstream market product
quality
- High Street locations
- Superior store fit
- Clear focus on the target
market.
Primark targets young, fashion-conscious under 35's, offering
high quality commercial fashion at value for money prices. Almost
half of sales are in Womenswear. A quarter of sales are dedicated
to Menswear and Childrenswear, with other items constituting the
remaining sales.
Primark is a subsidiary of Associated British Foods. Associated
British Foods is a diversified international food, ingredients and
retail group with global sales of £8.2bn, and 96,000 employees in
44 countries.
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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