TXT Retail Wins First Contract in India With Innovative Retailer Future Group
Big Bazaar Hypermarkets in 220 Indian Cities to Use TXT Retail Solutions for Merchandise Lifecycle Management
MILAN, ITALY--(Marketwired - July 26, 2016) - TXT Retail, the leading provider of end-to-end Merchandise Lifecycle Management solutions for retail, announces continued growth in APAC with the signing of one of India's leading retailers, Future Group.
Future Group is one of India's largest multi-format retailers, with a retail portfolio that includes hypermarkets, supermarkets, department, and specialty stores. Collectively, Future Group operates around 18.5 million square feet of retail space in over 250 cities and towns across India. Expanding at an impressive pace, the retailer embarked on a journey to achieve 5x growth by 2021. To achieve their ambitious growth targets, Future Group is investing in new technologies and solutions that enable more efficient business processes.
TXTPlanning will enable Future Group to manage the merchandise lifecycle from end-to-end. The software's advanced planning capabilities will allow the company to set global profitability targets and to derive the best assortments to meet demand across a variety of locations, retail formats, and product categories. Lastly, TXTPlanning's forecasting, allocation and replenishment modules provide the tools to optimize in-season merchandise management. Future Group will be guided by the TXT AgileFit deployment methodology which accelerates deployment and time to achieve benefits thanks to reference processes, a full set of documentation and a pre-configured optimized solution framework.
"With our multi-format retail strategy we capture almost the entire consumption basket of Indian customers. Our strength lies in our deep understanding of our customers and their ever evolving needs," said Manoj Agrawal , Chief Transformation officer at Future Group . "TXTPlanning will help us to translate this deep knowledge of the Indian society and marketplace into the best assortments to our customers. We chose to work with TXT Retail for the flexibility of the solution, the rapid deployment we can achieve through the AgileFit methodology and because TXT Retail has the capability and vision to become a real partner to us and support our journey in the long run."
"We are proud to be working with the fast, smart and committed retailer, Future Group and to accompany their ambitious growth plans," commented Zaki Hassan , Regional Vice President Asia at TXT Retail . "The signing of this prominent retailer shows that our strategy to enter the APAC region, a rapidly maturing and large market, is on-pace and we expect the region to contribute significantly to our global performance."
Future Group will implement the TXTPlanning suite across the entire organization, covering all channels, geographies and product ranges with the first phase covering the Big Bazaar stores.
About Future Group
Future Group is the pioneer of modern retail in India and focuses on developing and operating modern retail networks, consumer goods brands and logistics networks for the consumption sector in the country. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group's core value of 'Indianness'. The group's corporate credo is, 'Rewrite rules, Retail values'.
Future Group operates through its three companies in Home, Fashion and Food segments.
Future Retail Limited operates Big Bazaar, Foodhall, fbb, Ezone, HomeTown and Food Bazaar chains. It also operates small neighbourhood retail stores Easyday and KB's Conveniently Yours.
Future Lifestyle Fashions Limited owns and markets over two dozen fashion brands through exclusive brand outlets, department stores and multi brand outlets, as well as company operated chains such as Central, Brand Factory and Planet Sports. The company has also invested in a number of fast growing domestic fashion brands and enterprises.
Future Consumer Enterprises Limited focuses on the food and FMCG sector. It markets a number of FMCG brands including Tasty Treat, Sunkist, Desi Atta, Sangi's Kitchen, Sach, Premium Harvest and Fresh & Pure, operates India's leading Integrated Food Park at Tumkur and has an extensive agri produce sourcing network. FCEL also has a franchisee based distribution model and operates convenience stores under the brands Nilgiris and Aadhaar.
Collectively, Future Group operates around 18.5 million square feet of retail space in over 250 cities and towns across India and provides direct employment to over 40,000 people. Around 30 million Indians are part of Future Group's loyalty networks.
About TXT Retail
TXT Retail is the first mover and leading provider of End-to-End Merchandise Lifecycle Management solutions for the Luxury, Fashion and Specialty Retail sectors. The TXT Retail solution is based on a flexible platform with an easy to use and adopt user interface and it encompasses the full spectrum of activities involved with planning, designing, buying, distributing and delivering assortments through every stage of their lifecycle. TXT Retail projects leverage the TXT AgileFit best practices processes and reference applications, which ensure high quality and fast benefit generation. TXT Retail counts on more than 300 retail specialists and serves more than 300 customers worldwide, including leading global players such as adidas, Arcadia Group, Auchan, Bata, Build-a-Bear, Camper, Carphone Warehouse, Desigual, DFS, Dior, Furla, Geox, Guess, Ecco, Lacoste, Levi Strauss & Co., Loewe, Louis Vuitton, Monoprix, Miroglio, Moncler, Orsay, Pandora, Safilo, Sephora, Sonae, Starboard Cruise Services, Takko, Tesco, Tod's, Urban Outfitters.
TXT Retail Global Headquarters are in Milan, Italy with offices in Australia, Canada, France, Germany, Hong Kong, Italy, Singapore, Spain, United Kingdom and United States. TXT Retail collaborates with selected specialized partners worldwide.
TXT Retail is part of TXT e-solutions, a company listed on the Italian Stock Exchange (MILAN: TXT)
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