Retail industry software company Retalix (Nasdaq:RTLX; TASE:RTLX) has gained a foothold in Japan. The company has announced that Drug-Eleven in Japan has signed a contract to install Retalix StoreLine store solutions and ReMA chain management platform throughout the chain. Drug Eleven is a leading Japanese health & beauty chain of 169 stores based in Fukouka. No value for the deal was disclosed.
Retalix says that its offering for Drug Eleven provides for advanced store operations and management activities hosted by a web-enabled suite of central applications, including item category management, promotions, loyalty, and data reporting and analysis.
Drug Eleven plans to grow at a rate of 20 new stores per year during the next few years.
The first Retalix installation at a Drug-Eleven store will go live in mid-2005, with the rollout to be completed by end of 2005, in cooperation with CPI (Create Power Inc.). CPI, which is affiliated with Sojitz Corporation, the large Japanese trading company, is responsible for the sales, service and support of Retalix products in Japan. CPI specializes in the sales, service and support of software solutions throughout Japan.
Retalix EVP International Business Division Yoni Stutzen said, "This is a significant entry for Retalix into the Japanese retail market, which is the second largest retail market after the US, hence meeting one of our most important growth goals set forth at the beginning of this year. This contract also demonstrates the Retalix capabilities of working successfully with strong local partners."
Retalix shares closed at $20.75 in New York yesterday, giving the company a market cap of $354 million
Published by Globes [online], Israel business news - www.globes.co.il - on December 22, 2004.