Torex Retail PLC
01 June 2005
1 June 2005
Torex Retail plc
Petroleum & Convenience Division
Announces Somerfield Contract Win
Torex Retail, a leading provider of IT solutions to major European retailers,
today announces that it has won a two year, £3.3 million order with Somerfield
to implement its market leading PoS solution 'Iridium' and back office system '
Prism' into 225 stores across the UK.
The solution will be rolled out to both convenience and petrol convenience
sites, including the newly announced stores to be acquired by Somerfield from
Texaco and Fuelforce. Both Iridium and Prism are highly functional, easy to use
and can be seamlessly integrated into the Somerfield head office.
Commenting on the decision to award the contract to Torex Retail, Tom Scott of
Somerfield said;
'Torex Retail was able to provide us with a fully integrated and highly
functional solution which is already well proven within the Petroleum &
Convenience marketplace. I believe that the overall roll out of the solution
will increase the overall operating efficiency and profitability of our stores'.
Chris Moore, CEO of Torex Retail, said:
'Our Petroleum and Convenience ('P&C') products are the market leaders in the UK
and this win further strengthens our position within the P&C sector. We are
confident that through the combination of both our P&C PoS solution 'Iridium'
and our back office system 'Prism', Somerfield's convenience and petrol
convenience stores will be able to achieve substantial operating efficiencies
and tangible benefits in the future'.
Ends
Enquiries:
Chris Moore, CEO
Richard Thompson, Group Finance Director
Torex Retail plc
Tel: 0870 050 9900
Or
Seb Hoyle / Ginny Pulbrook
Citigate Dewe Rogerson
Tel: 020 7638 9571
About Somerfield
Somerfield is a high street retailer offering high quality groceries - with a
particular emphasis on fresh foods. Its stores offer a modern retail environment
with the latest in-store facilities and a comprehensive range of products in
convenient neighbourhood locations.
In the current competitive food retail market Somerfield has focused on its
clear strength in providing shoppers with an easy alternative to the larger
out-of-town supermarkets, while maintaining its commitment to fresh quality
foods. The Somerfield Convenience Brand, Essentials, operates 93 forecourts and
Convenience Stores and with the addition of the Texaco and Fuelforce
acquisitions that have been announced, the portfolio will increase to 233 by the
end of July.
About Torex Retail plc - www.torexretail.com
Torex Retail plc is a leading independent provider of retail technology
solutions to many of the UK and Europe's leading retailers. In Spring 2004 the
company was bought out from healthcare software provider Torex plc and
re-floated on London's Alternative Investment Market with a market
capitalisation of more than £100m. Torex's Retail's product and solution set
spans high street and out-of-town retail and the petroleum and convenience
sectors and the company's customers include Dixons, Woolworth, Selfridges, Shell
and Argos. The company's products cover PoS and a range of in-store and head
office, loss prevention, logistics and performance and productivity solutions.
Torex Retail has more than 1,000 staff based in the UK, Germany, Benelux and
Eire.
This information is provided by RNS
The company news service from the London Stock Exchange
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