JDA Software completes acquisition of i2 Technologies
Scottsdale, Ariz. JDA Software Group has completed the acquisition of i2 Technologies in a transaction valued at approximately $604 million.
JDA said the move solidifies its position as one of the leading providers of supply chain management and pricing solutions, with the addition of i2’s 400-plus customers and robust, patented manufacturing, supply chain, retail and transportation solutions.
Together, the combined company’s customer base comprises more than 6,000 companies worldwide in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries.
“With the close of the i2 acquisition, we’ve achieved an exciting milestone and an important and consistent next step in our strategy of becoming the foremost end-to-end supply chain solutions provider,” said JDA CEO Hamish Brewer. “The addition of i2 doubles JDA’s market for advanced planning and optimization solutions in all targeted manufacturing verticals, enabling us to address the complexities of discrete manufacturing, complement our leadership in process manufacturing, strengthen our presence in transportation and increase traction in Tier 1 and Tier 2 markets.”
Williams-Sonoma CEO retires, new leader named
SAN FRANCISCO Williams-Sonoma announced that Howard Lester will retire from his position as chairman and CEO and as a member of the board at the May 2010 annual shareholders’ meeting. He will continue, however, to assist the company in a consulting and advisory role through December 2012 and have the title of chairman emeritus.
Lester has led the company since 1978 when he purchased it from its founder, Chuck Williams. At that time, the company had four stores, a small catalog and $4 million in revenue.
Williams-Sonoma said that its board intends to appoint Laura Alber as the company’s CEO as well as a nominee to the board of directors. Alber joined the company in 1995 and was appointed to her current role as president in 2006.
Alber stated, “It is an exceptional honor to follow in the footsteps of one of the most highly esteemed executives in retail. Howard has been an outstanding mentor, and he is retiring at a time when the foundation of the company has never been stronger. We are confident in our direction and, together with the leadership team, ready to execute against those strategies that will grow and improve our businesses, deliver great products and services to our customers and enhance shareholder value.”
Costco honored for sustainability efforts
INDIANAPOLIS SustainableGrocer.com, an organization which manages sustainability practices within the food and grocery retail sector, has named Costco as the 2009 Sustainable Grocer of the Year.
Costco received the award for its sustainable efforts including energy reduction, offering a wide selection of organic food and its recycling programs. The company was also recognized for reducing packaging waste and working to reduce its carbon footprint through effective delivery systems which utilize the most efficient trucks available.