The positive momentum at Retalix (Nasdaq:RTLX; TASE:RTLX) continues. Today, the company announced that the Mousquetaires-Intermarche Group of France had selected Retalix StoreLine as the in-store solution for its 3,000 supermarkets and specialty chains throughout Europe. Retalix said that this was its first contract win with a French Tier-1 retail group.
STIME (Societe de Traitements Informatiques des Moyennes Entreprises), the subsidiary responsible for all IT-related activities of the Mousquetaires-Intermarche Group, will implement the Retalix StoreLine across the full range of the group's brands, which include: Intermarche and Ecomarche supermarkets, Netto hard discounter stores, Bricomarche and Logimarche DIY stores, Stationmarche auto centers, Vetimarche textile stores, and more.
Project work is already under way for the first StoreLine Intermarche supermarket pilot in France, which is planned for mid-2005, with a full-scale rollout to follow. Retalix said it would support this contract with local staff based in its Retalix France offices in Evry (near Paris). Retalix StoreLine is an advanced, Windows-based in-store solution that addresses grocery industry requirements by offering hardware-independent world-class POS, back office and mobile functionality, ease of use, system robustness and the ability to process critical data in real time across multiple sales channels and formats. The Mousquetaires-Intermarche Group will roll-out StoreLine as one standard solution across its multiple brands and regions. Project work is already under way for the first StoreLine Intermarche supermarket pilot in France, which is planned for mid-2005, with a full-scale rollout to follow. Retalix will support this important contract with local staff based in its Retalix France offices in Evry (near Paris)
Retalix EVP International Business Division Yoni Stutzen said, "This is a milestone contract for Retalix, marking our entry into the top-tier French-based international retail chains."
Retalix shares closed at $21.86 in New York on Friday, giving the company a market cap of $372 million. In this morning's trading on the Tel Aviv Stock Exchange, Retalix shares are up nearly 5%, at NIS 101.50.
Published by Globes [online], Israel business news - www.globes.co.il - on January 3, 2005