California-based SVI Solutions Inc on Wednesday announced it has agreed an incremental license deal with clothing retailer Rainbow Apparel Companies.

The deal with the retail chain, which sells leading ladies' and children's clothing through 700 stores, covers SVI's Merchandise Management system including the Merchandising, Financials, Sales Audit and The Eye(TM) modules.

Rainbow CFO, George Nadel, said: "SVI's Merchandise Management system has supported us throughout our growth and, without a doubt, was a contributing factor in our success. It was not a difficult decision to reaffirm our commitment to SVI through this agreement."

Barry Schechter, SVI's chairman and CEO, added: "We are pleased that Rainbow remains confident in our ability to deliver the most effective retail enterprise solution.

"Rainbow's unwavering commitment is a true testament to the Merchandise Management system's scalability and to the strength of the partnerships we forge with our customers."

SVI's Merchandise Management system includes a number of modules that allow retailers to integrate all their operational areas in support of the supply chain: planning and open-to-buy, forecasting, purchase order management, allocation, transfers, automated replenishment, price management and physical inventory.