Reitmans Selects PTC® Retail, Footwear And Apparel Solution For Global PLM Initiative
11 May 2007 | News | Source: PTCNEEDHAM, MA. – May 10, 2007 - PTC (Nasdaq: PMTC), the Product Development Company®, today announced that Reitmans, a specialty apparel retailer headquartered in Montreal, Quebec, has selected the PTC Retail, Footwear and Apparel solution, FlexPLM™, to facilitate global collaboration for its product development and supplier management initiatives. The strategic decision to use FlexPLM will enable Reitmans to optimize its PLM processes and reduce the time between design concept and general consumer availability.
Since 1926 Reitmans, has built its reputation on developing affordable, fashionable high-quality women’s apparel. Today, Reitmans is the largest Canadian specialty apparel retailer delivering 16,000 new styles each year to over 900 stores. With an increasing number of fashion seasons each year that must address a constantly changing product landscape, Reitmans required a PLM solution that would give employees in different departments and divisions across the organization the ability to collaborate on product design and development. Additionally, the company wanted this solution to manage and control access to product data and images as well as facilitate collaboration among designers, merchandisers, sourcing personnel and suppliers located in Montreal, Hong Kong, Shanghai and throughout Asia.
Reitmans selected PTC after extensive research that included speaking with fellow retailers and suppliers, in addition to working with its in-house teams to understand the various requirements from multiple departments. Reitmans will implement FlexPLM to provide a dynamic, flexible PLM solution that supports centralized data management, workflow management and collaboration among its geographically dispersed users across all seven of its apparel divisions. FlexPLM will help Reitmans to facilitate global product development and to control all aspects of the development cycle so that products are delivered to the marketplace quickly.
“We selected PTC as our single-source provider of PLM solutions based on its flexible, best-in-class technology, corporate stability and proven success in delivering retail, footwear and apparel applications to this market,” said Diane Randolph, director, merchandising business processes, Reitmans. “FlexPLM is a very comprehensive application that we believe will need minimal configuration in order to meet our strategic business requirements. We look forward to a long-term strategic partnership with PTC.”
FlexPLM leverages the power and scalability of Windchill®, PTC’s Web-based content and process management solution, to enhance the product development process. FlexPLM is the only enterprise PLM solution that is Web-based, fully configurable, scalable and able to manage complex workflow processes of a trend-based retail, footwear and apparel industry. The PTC solution enables apparel organizations to manage the interdependent relationships among product designers, material suppliers, testing service providers and other third party vendors in order to facilitate communication among the groups.
“PLM solutions enable companies like Reitmans to achieve significant time and cost savings through optimized product development processes,” said Kathleen Mitford, vice president, vertical market strategy, PTC. “We are glad to provide Reitmans with a sustainable, flexible solution that will enable them to manage the cross-functional business-focused process of designing and introducing new products to market faster.”
Reitmans, Canada’s largest women’s specialty retailer, was founded in 1926 by Herman and Sarah Reitman. More than 80 years later, Reitmans Canada Ltd. has grown to include over 900 stores operating under seven divisions: Reitmans, Smart-Set, RW & Co., Penningtons, Thyme Maternity, Addition-Elle and Cassis. For more information in Reitmans, please visit http://www.reitmans.ca.
About PTC Solutions for Retail, Footwear and Apparel
PTC® solutions for retail, footwear and apparel are designed to meet the product lifecycle management requirements of retailers, branded manufacturers and their suppliers. These web-based solutions are comprised of FlexPLM™ and provide configurable functionality and information visibility across the enterprise and its supply chain. PTC is a leading provider to top retail, footwear and apparel brands worldwide.
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.
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