RTPRQ Retail Pro, Inc. featured news, full reports, and detailed charts
Retail Pro, Inc. (RTPRQ/RTPRQ.PK) Wrap Up:
Retail Pro, Inc. provides point of sale, store operations, merchandising, planning, business intelligence, and payment processing software applications to retail industry. It offers Retail Pro 9, a retail store management system with integrated POS and back-office functions, including receiving, sales, inventory management, merchandising, and replenishment. The company also provides Retail Pro Planning, a decision support tool encompassing merchandise planning, store planning, and assortment planning; and Retail Pro Business Intelligence, a system that provides an overview and analysis tool to understand a store?s performance through role-specific reporting dashboards. In addition, it offers Retail Pro Payment Solutions, an integrated payment processing module offering secure payment software, which enables the streamlining of payment card acceptance with various options to activate the merchant account services. Further, the company offers professional services, such as retail business consulting, project management, implementation, application training, technical, and documentation services. It markets its software solutions through direct and indirect sales channels primarily to retailers who sell to their customers through traditional retail stores, catalogs, and/or Internet-enabled storefronts. The company was founded in 1978. It was formerly known as Island Pacific, Inc. and changed its name to Retail Pro, Inc. in 2007. Retail Pro is headquartered in Irvine, California. On January 10, 2009, Retail Pro Inc along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.Retail Pro, Inc. (RTPRQ:OTC)
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Key developments for Retail Pro, Inc. (RTPRQ)
Retail Pro Inc. announced that it recently signed an agreement for Island Pacific Planning, the cornerstone of Island Pacific's Assortment Management solution, with White Stuff, a United Kingdom based retailer with 60 locations that offers quality clothing and accessories for men and women 'lovely clothes for lovely people'. The Island Pacific Planning solution will interface with White Stuff's Enterprise Resource Planning (ERP), and will be used across all channels including retail, web, mail order and wholesale. It will help to manage inbound stock, freight times and allocations--providing the retailer with a 'one view' system. Island Pacific Planning 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.
Effective January 15, 2009, Retail Pro Inc. will change its OTCPK stock ticker symbol to RTPRQ from RTPR.
Retail Pro Inc. announced the completion of new license agreements with several retailers including Eye Care Centers of America, Five Below, Godiva Chocolatier, Mills Fleet Farm, rue21, The Entertainer, Urban Outfitters and Vans. These agreements cover Island Pacific's leading suite of retail supply chain solutions. As previously announced, Five Below and Eye Care Centers of America will be adding the Replenishment module to their existing systems. Island Pacific Replenishment provides retailers with tools that allow them to dynamically project and manage merchandise needs. With Replenishment, a retailer can estimate stock needs with pinpoint accuracy utilizing sales history and future sales forecasts to ensure the right stock is in the right place at the right time while maximizing transportation economics by balancing transportation costs with store needs. rue21 is adding Island Pacific Deals and Promotions to its merchandising solution. Deals and Promotions provides the ability to manage and analyze the performance of events such as a Holiday Sale or promotional pricing such as 'Buy One, Get One'.
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