TradeStone Continues Momentum, Announces Double Digit Growth for its Merchandise Lifecycle Management Solutions
Company Takes on Market Share Leadership Mantle for Broadline and Hardlines Retail PLM
Gloucester, Mass., July 20, 2010
News Facts:
- TradeStone Software, delivering Merchandise Lifecycle Management (MLM) solutions that unify the design, sourcing, ordering and delivery of private label and branded goods, today announced the company has capped off a successful first half of 2010 with double digit growth.
- TradeStone solidified its dominance in the retail broadlines and hardlines markets with new customer wins including leading North American retailer Hudson’s Bay Trading Company, which encompasses US department store giant Lord & Taylor as well as Canadian retail banners the Bay, Zellers, Home Outfitters and Fields.
- Additional new customers include Australia’s largest department store group, a fast-fashion focused apparel, accessories and homeware retailer in South Africa, a leading luxury brand that specializes in footwear, apparel and accessories, and the largest single brand retailer in Southern Africa.
- TradeStone also expanded its Merchandise Lifecycle Management footprint within its current retail customer base, closing numerous new deals for additional functionality, most notably for TradeStone’s PLM for Retail solution which includes creative design capabilities. Additional new functionality also included a free migration tool for retailers and brand manufacturers who have outgrown Gerber webPDM™ and other legacy PLM systems and are interested in migrating to TradeStone's PLM solution.
- TradeStone also expanded and promoted its staff to support the needs of its growing customer base in 2010, increasing its headcount by 15% in the first of half of the year. Additionally new executive appointments were added to support sales and services and execute on the company’s strategy and direction. They included Chirag Patel as President of the Americas, Brian Marsden as President of EMEA, Alan E. Gold as Chief Marketing Officer and Anne Moses as Vice President of Professional Services.
- TradeStone has been recognized by leading retail publications and organizations. Notable achievements include a PLM for Retail customer case study published by AMR Research, being named a Top Innovative Solution Provider by Supply & Demand Chain Executive, being recognized by its customers as among the Top 100 Great Supply Chain Partners by SupplyChainBrain and TradeStone CEO Sue Welch being honored by the Women Entrepreneurs in Science and Technology with their annual WEST Leadership Award for significant achievements in retail technology.
- The second quarter of 2010 also saw TradeStone welcome its retail and partner base for its user conference, STARS 2010 held in Nashville, Tennessee in April. Among the customers who presented and spoke were leading executives at: JD Williams, Pacific Sunwear, Genuine Parts Company, Guitar Center, American Eagle Outfitters and Macy’s.
- Active on the charitable front as always, TradeStone also announced a partnership with the Retail Orphan Initiative, established to raise awareness regarding the global orphan crisis and provide lasting solutions for vulnerable children worldwide.
Supporting Quotes:
- “The first half of 2010 has seen TradeStone continue to gain customers and market share and we have now attained the leadership position in broadlines, hardlines and apparel retail PLM,” said Sue Welch, CEO, TradeStone Software. “Our customer adoption and partnerships are stronger than ever and with added integration capabilities and our holistic approach to private and branded merchandise lifecycle management, we have proven to be the no-risk solution for retailers and branded goods companies. I am excited about the balance of 2010 – we’re on track to make this our biggest year ever.”
About TradeStone Software, Inc.
TradeStone Software helps retailers, brand manufacturers and suppliers increase market share and improve margins through the use of Merchandise Lifecycle Management solutions that unify the design, sourcing, ordering and delivery of their private label and branded goods. Organizations including American Eagle Outfitters, Belk, Boots, Guitar Center, Kohl's, Le Chateau, Macy's, NBrown Catalog Company, Pacific Sunwear, Shoprite, The Children's Place, Urban Outfitters and Wilkinson use TradeStone’s solutions to help them bring innovative and highly profitable products to market at record speeds.
TradeStone Software is headquartered in Gloucester, Mass., with offices in Atlanta, New York City, Bangalore, Hong Kong and London. Additional information can be found on the Web at www.tradestonesoftware.com.
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Media Contact:
Tania Stockbridge
TradeStone Software
978-281-3723
tstockbridge@tradestonesoftware.com
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