Big Lots Plots Growth with SAP
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Press release date: January 15, 2008
Largest Closeout Retailer in the Nation Selects SAP® for Retail Solutions
NEW YORK, Jan. 15 -- SAP America, Inc., a subsidiary of SAP AG (NYSE:SAP), today announced that Big Lots (NYSE:BIG) will implement SAP® for Retail solutions to enable the leading retailer to quickly respond to change and grow ahead of the market on a stable platform. The announcement was made at the National Retail Federation (NRF) 97th Annual Convention and Expo, being held in New York, NY, January 13-16.
With more than 1,350 stores and nearly 40,000 associates, Big Lots selected SAP to create an IT infrastructure that will play a lead role in helping the company achieve its growth targets and continue to deliver to its customers a diverse mix of brand-name close-out merchandise at tremendous value. The move to implement SAP solutions will enable Big Lots to work from a more integrated platform across its organization.
"SAP came in and quickly developed an understanding of our business and our unique niche in retail," said Steve Fishman, chairman and CEO, Big Lots. "We believe that implementing their products will be a big step forward toward creating an IT infrastructure to support our profit goals while continuing to provide our customers with what they have come to expect at Big Lots, which is an ever-changing assortment of merchandise at great values in a treasure-hunt atmosphere."
To keep true to its identity of providing a diverse mix of quality brands at close-out prices, Big Lots will leverage SAP for Retail solutions to improve event pricing and automate integrated ordering, payables, inventory, replenishment and tracking processes. With the SAP ERP® Financials solution, Big Lots will benefit from streamlined data integration and reporting. The ability to easily view a single source of master data across the organization will provide Big Lots executives with the flexibility to better respond to consumer demand, supplier and other market changes.
"Our relationship with Big Lots further validates SAP's position as the software provider of choice to the world's leading retailers," said, Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. "SAP's integrated retail solutions enable customers to anticipate and capitalize on market changes in an industry renowned for infinitely changing trends and expanding supplier complexity. Big Lots is an exciting addition to our family of leading retailers."
SAP solutions for retailers can be seen at the NRF show, at booth number 1601.
About Big Lots, Inc.
Headquartered in Columbus, Ohio, Big Lots (NYSE:BIG) is a Fortune 500 company with over 1,350 stores nationwide. Five regional distribution centers ranging in size from 1 million to 3 million square feet and two furniture distribution centers provide the company's stores with brand-name products from more than 3,000 manufacturers. Big Lots offers consumers a unique shopping experience and wide range of bargain-priced merchandise, including brand-name closeouts, one-of-a-kind deals, seasonal products, consumables, furniture, housewares, toys and gifts. For more information, visit http://www.biglots.com/.
About SAP® for Retail
SAP is the leading provider of application solutions for the retail industry. SAP helps retailers of all sizes to understand, anticipate and inspire their customers, employees and shareholders by delivering results. The SAP® for Retail solution portfolio provides specific solutions for retail companies in the food, fashion and hardlines businesses. The solution portfolio consists of building blocks that cover the areas of merchandising (including demand management - price, promotion and markdown optimization); store operations (including a portfolio of POS solutions); supply chain, finance and human resources. SAP allows companies to implement solutions in a step-by-step approach, and provides an easy, cost-effective means to connect information across the business. (Additional information at http://www.sap.com/retail/).
SAP is the world's leading provider of business software*. Today, more than 43,400 customers in more than 120 countries run SAP® applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at <http://sap.com/>)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24 United States Only: 1 (800) 872-1SAP (1-800-872-1727)
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Web site: http://www.sap.com/ http://www.biglots.com/