MicroStrategy The Choice Of DSW, Filene's Basement, Value City Operator
02/23/2004
MicroStrategy (NASDAQ: MSTR), the provider of business intelligence software, says Retail Ventures Services, Inc. (a subsidiary of Retail Ventures, Inc., NYSE: RVI), has chosen the MicroStrategy Business Intelligence Platform as its enterprise reporting standard.
RVI operates a strong portfolio of off-price retailing brands with three very distinct retail concepts: Value City Department Stores, DSW and Filene’s Basement. These brands encompass the off-price retail segment, both in terms of price point and merchandising, as well as geography. Value City Department Stores, DSW and Filene’s Basement employees, merchandising analysts, and senior management, will use MicroStrategy software to analyze customer data and product inventories. Ken DeWitt Sr., RVI Vice President and CIO, said, “End users will be able to perform sales, category and inventory management analyses in order to more effectively track promotions, product mix and inventory levels.”
“Retail Ventures’ commitment to MicroStrategy is further proof of the importance of business intelligence to large corporations today,” said MicroStrategy’s COO Sanju K. Bansal. “Leading retailers like Value City Department Stores, DSW and Filene’s Basement are choosing MicroStrategy’s industrial-strength platform to gain visibility into their operations and make revenue-generating decisions that please management, shareholders, and most importantly, a discerning customer base.”