TradeStone Revenue Up 50 percent Year-to-Date

Provider of merchandise lifecycle management solutions for retailers sees big Q3 with new customers, expansions at existing customers


Gloucester, MA — November 17, 2008 — Some of the largest retailers in the world went live with the Merchandise Lifecycle Management suite from, TradeStone Software in the third quarter of the year, as the solution provider experienced a significant increase in headcount.

The recent quarter also had TradeStone customers Macy's, Urban Outfitters, American Eagle Outfitters, Guitar Center and European hypermarket giant Auchan share their experience with merchandise lifecycle management strategies at the company's user conference, TradeStone STARS 2008.

"This third quarter success is the culmination of a banner year that has seen us grow and maintain the largest active retail customer base in the world," said TradeStone Software CEO Sue Welch. The company saw 50 percent revenue growth for the third consecutive year as new customers signed on and current customers expanded their TradeStone footprint.

For example, Shoppers Drug Mart, one of Canada's largest drug store chains, deployed TradeStone's Super Purchase Order capability to give them more scalability and detail to their orders. Shoprite, the largest retailer in Africa, is now live with TradeStone Sourcing to increase their bottom line and introduced a supplier registration process that enhances their ability to manage suppliers and improve the payment accuracy.

Elsewhere, apparel giant American Eagle Outfitters expanded the TradeStone footprint currently used to develop and source merchandise, manage orders and production, and collaborate with suppliers to add Factory Compliance capability and to give users greater flexibility and visibility into their tracking and critical path management. Macy's has gone live with TradeStone's Showroom, Sourcing, Product and Order Management modules to create line lists for collections, gain earlier visibility into each product category, enable their product portfolio development and provide more detailed information on their Purchase Orders.

In addition, Pacific Sunwear added TradeStone Sourcing to source by color, create what-if cost scenarios and streamline their ordering process. In Phase II of their implementation, Quiksilver is using TradeStone to work more directly with their vendors and maintain better documentation of their goods. Additionally, implementations at Auchan, GPC, Lowe's, Urban Outfitters and Wilkinson are expected to go live in Q4.

Headcount at TradeStone year-to-date increased 35 percent, with hires within the executive team as well expansions in the product, development and services areas, the solution provider said.

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