Brookstone Chooses Evant Solutions to Optimize Planning and Forecasting for Its Retail Stores
January 17 2005 - 7:18AM
PR Newswire (US)
Brookstone Chooses Evant Solutions to Optimize Planning and
Forecasting for Its Retail Stores Leading Product Developer and
Specialty Retailer Will Use Evant Solutions to Improve Visibility
and Better Adapt to In-Season Demand Changes SAN FRANCISCO, Jan. 17
/PRNewswire/ -- Evant, a leading provider of retail planning,
replenishment, and enterprise data management software, today
announced that Brookstone, Inc. (NASDAQ:BKST) -- an innovative
product developer and specialty retailer -- will be leveraging
Evant Planning solutions to optimize the performance of its
nationwide chain of retail stores. Evant Planning solutions will
help to improve visibility into Brookstone's retail operations,
leading to enhanced planning and forecasting capabilities -- as
well as an increased ability to adapt to in-season demand changes.
Gary Drake, Brookstone Operational Vice President of Inventory
Management, says Brookstone chose Evant software for its ease of
use, fast response time, and overall flexibility. "The Evant
solution allows individual Merchants and planning teams to address
the complex task of item planning in a variety of ways, and it can
be customized to suit the preferences of the specific user," Drake
says. "Evant will allow us to drive plans to a lower level of
detail than previous solutions had been able to accomplish, which
will provide better visibility across time and business segments."
Evant Planning includes a scalable Item Planning capability that
enables retailers like Brookstone to achieve a new level of
visibility into the performance of individual products, tying this
performance directly to the top-level financial plan. The benefits
of this unique Evant solution include an improved ability to
understand and respond to seasonal trends, maintain adequate stock
levels, and strategically manage profit margins. "Brookstone has
established a reputation as a developer and retailer of highly
innovative products, and is emerging as an exciting leader in
specialty retailing," says Bob Lewis, CEO for Evant. "We're
delighted that this inventive retailer is joining our expanding
customer family, and we look forward to helping to support some of
Brookstone's key business strategies with our industry-leading
Planning solutions." About Brookstone, Inc. Brookstone, Inc. is a
product development and specialty retail company that operates 288
Brookstone brand stores nationwide and in Puerto Rico. Typically
located in high-traffic regional shopping malls, lifestyle centers,
and airports, Brookstone stores feature unique and innovative
consumer products. The company also operates five stores under the
Gardeners Eden brand, and a direct-marketing business that consists
of three catalog titles -- Brookstone, Hard-to-Find Tools and
Gardeners Eden -- as well as e-commerce web sites at
http://www.brookstone.com/ and http://www.gardenerseden.com/ .
About Evant Planning Evant Planning is the retail industry's first
six-dimensional scalable, end-to-end planning solution designed to
support multi-channel operations. Evant Planning can manage
assortments, plan, and forecast sales and inventory requirements
across multiple category levels -- store, catalog, and web channels
-- all the way down to the SKU/channel level. Whether planning
top-down, bottom-up, middle-out, or a combination of each, Evant
Planning accommodates each retailer's specific merchandising
processes. About Evant, Inc. Evant delivers industry-leading
planning, replenishment, and enterprise data management solutions
to the world's top multi-channel retailers, wholesalers, and
distributors. Evant's next-generation solutions improve top- and
bottom-line results and operational efficiencies by helping to plan
and fulfill customer demand, while increasing sales and inventory
performance. Customers such as Staples, O'Reilly Auto Parts,
Lillian Vernon, Brookstone, Babystyle, and AmerisourceBergen choose
Evant for its best-in-class solutions that incorporate the
industry's most advanced science, and are delivered on a J2EE
platform. The company is privately held and is headquartered in San
Francisco, with operations in Atlanta and London. For more
information, visit http://www.evant.com/. DATASOURCE: Evant, Inc.
CONTACT: Jennifer Burns of Evant, +1-415-403-8618, or Web site:
http://www.brookstone.com/ Web site: http://www.gardenerseden.com/
Web site: http://www.evant.com/
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