LAS VEGAS, Oct. 12 /PRNewswire/ -- i2 Technologies (Nasdaq: ITWO) announced today that Barnes & Noble, Inc. (NYSE: BKS), the nation's largest bookseller, has licensed i2's solutions for intelligent eBusiness to ensure the highest level of customer satisfaction at its retail locations worldwide and its online shopping site, barnesandnoble.com (Nasdaq: BNBN). i2's solutions will link and optimize the inventory management, warehousing and transportation systems of both Barnes & Noble's retail stores and online site, enabling Barnes & Noble to dramatically enhance its ability to fulfill orders on time.
"Barnes & Noble epitomizes i2's vision of intelligent eBusiness," said Greg Brady, president of i2 Technologies. "For the first time, a company is bringing together its 'bricks & mortar' and 'clicks & mortar' operations to optimize customer service. Barnes & Noble's retail and online customers will benefit from an efficient and effective inventory and delivery system. It is a tribute to i2's solutions that one of the most innovative names in retailing has chosen i2 to be a technology provider for their strategic endeavors.
"Using i2's solutions, Barnes & Noble will ensure that customers consistently receive their orders at the time promised. i2 demand management solutions will anticipate customer needs by accurately predicting customer demand. Distribution will be integrated with these demand-planning systems to ensure that they are adequately stocked to match consumer needs. Based on current stock levels and transportation constraints, order promising systems will strengthen Barnes & Noble's ability to inform customers as to when their order will be received. Transportation optimization solutions provided by i2 will help to ensure that products are delivered when promised. All of these systems will work in concert to provide Barnes & Noble the ability to maintain optimum stock levels based on need and to reduce costs associated with potential over- or under-stocking. These systems will be implemented early next year.
"Barnes & Noble is committed to provide the ultimate level of customer service, regardless of which location our customers use to place their orders," said Joe Giamelli, chief information officer for Barnes & Noble. "Our i2 implementation will optimize our order and delivery process, and ensure that each of our customers has the best possible experience both before and after their purchase. By combining and optimizing our forecasting and distribution systems using i2's intelligent eBusiness solutions, we've taken a giant step forward in ensuring accurate and on-time delivery."
About Barnes & Noble:
Barnes & Noble, Inc. operates 521 Barnes & Noble and 448 B. Dalton bookstores. Barnes & Noble stores stock an authoritative selection of book titles and provide access to more than one million titles. They offer books from more than 50,000 publisher imprints with an emphasis on small, independent publishers and university presses. Barnes Noble is one of the world's largest booksellers on the World Wide Web (http://www.bn.com), and the exclusive bookseller on America Online (Keyword: bn). barnesandnoble.com has the largest standing inventory of any online bookseller. Barnes & Noble also publishes books under its own imprint for exclusive sale through its retail stores, mail-order catalogs, and Web site. General financial information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's investor relations Web site: http://www.shareholder.com/bks/.
About i2:
i2 is the leading global provider of intelligent eBusiness solutions. Founded in 1988, i2's vision is to add $50 billion of value for its customers by the year 2005. i2 is headquartered in Dallas, TX, has approximately 2,600 employees and maintains offices worldwide. For additional information, visit i2 on the web at http://www.i2.com or attend PLANET 99 in Las Vegas, October 10-13, http://planet.i2.com.
About PLANET99:
PLANET99, with over 250 breakout sessions and over 100 companies presenting, will continue its mission to help companies become more profitable and successful. An estimated 5,000 people are projected to attend this groundbreaking summit, which will focus on achieving high velocity business strategies. Platinum sponsors include Andersen Consulting, Compaq, Deloitte Consulting, Ernst & Young, Hewlett-Packard, i2 Technologies, IBM, KPMG LLP, Microsoft Corporation, Sun Microsystems and PricewaterhouseCoopers. Gold sponsors are Arthur Andersen, CSC, Grant Thornton and Ryder.
If PLANET99 does not provide you with value you may receive a full refund of your money. For more information about registering for PLANET99, please visit the Web site at http://planet.i2.com or call the PLANET99 hotline at 1-877-4-PLANET.
Cautionary Language:
This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the expected delivery and benefits of use of the Company's products. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors which could impact the Company's financial results, please refer to the Company's Form 10-K filed February 1999; Form 10-Q filed August 1999; and Form S-4 file May 1999.
Contact:
Robert Keosheyan Angela Schwecke Cunningham Communication, Inc. i2 Technologies, Inc. (512) 347-2339 (214) 860-6076 rkeosheyan@ccipr.com angela_schwecke@i2.com
i2 is a registered trademark of i2 Technologies, Inc.
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