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Tuesday, July 19, 2016

TXT Retail Wins Contract in India with Future Group

TXT 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.

To view the original press release, please click here.

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