Published:
Primark to Install Island Pacific Planning Solution
IRVINE, Calif. - (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:
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Super-competitive prices (the result of technology, efficient
distribution, supply and volume buying)
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Mainstream market product quality
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High Street locations
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Superior store fit
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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.
Island Pacific
Jim Phillips
949-476-2212
Email:
info@islandpacific.com
www.islandpacific.com
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