FINANCE

7-Eleven completes purchase of 12 Fast Track stores

BY Staff Writer

Dallas — 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.

Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.

These locations are in close proximity to another acquisition the company made earlier this year – 55 Sam’s Marts locations in the greater Charlotte area –and compliments the 7-Eleven stores’ expansion in the Tar Heel State.

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OPERATIONS

Woolworths extends agreement with Retalix

BY Staff Writer

Ra’Anana, Israel — Woolworths Limited, Australia’s leading retail group, has signed a five-year system integration (SI) services agreement with Retalix Ltd.

Under the agreement, Retalix will provide Level 2 and Level 3 support for more than 3,000 Woolworths locations and 25,000 point-of-sale terminals, serving more than 24 million customers every week across Australia and New Zealand.

Retalix will also provide IT installation at new stores and manage ongoing system configuration for all stores. The Retalix SI services team will include a group of dedicated retail IT experts from Retalix in Australia and other Retalix locations, which will allow for "follow the sun" operations, 24 hours a day, seven days a week.

"We are pleased to extend our relationship with Retalix due to our long partnership and their depth of knowledge of the retail industry. This expertise extends beyond technical systems to include a clear appreciation of retail culture, which makes a real difference to our business," said Chris Stanley, head of customer technologies across the Woolworths group.

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News

Ascena Retail Group selects TradeStone PLM

BY Marianne Wilson

Gloucester — TradeSone Software, provider of merchandise lifecycle management (MLM) solutions that unify the design, sourcing, ordering and delivery of retail goods, announced that Ascena Retail Group has gone live with TradeStone’s PLM for Retail and Collaborative Sourcing in 18 weeks at its subsidiary, Tween Brands, which encompasses both the Justice and Brothers retail banners.

"In the selection process, TradeStone became our vendor of choice because they represented a strategic vision that understood our space, how we work and could enable us to have one unified system for our product development, design, merchandise, and sourcing teams," said Ronnie Robinson, executive VP, Ascena Global Sourcing. "The fact that they have delivered on that unified vision so quickly is exciting for the organization and our users. We look forward to what the next phase will bring."

TradeStone’s merchandising lifecycle management suite is enabling Ascena to drive collaboration, enhance consistency and improve efficiency across the organization. The first phase of the broader transformation encompasses key capabilities in the PLM for Retail and Collaborative Sourcing modules including material, color and artwork libraries, color palettes, design intent, points of measure, tech pack development including sample management, RFQs, offers, and three-way sourcing with the company’s international sourcing offices.

User adoption and feedback has been very positive with quick wins including a reduction in time and manual labor, and automated workflow process and communication between designers, tech designers and vendors.

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