SOURCE: GT Nexus, Inc.

May 15, 2007 06:27 ET

Restoration Hardware Selects GT Nexus

Leading Retailer Deploys On-Demand Transportation Management Platform, Completes 2007 Bid in Six Weeks

ALAMEDA, CA -- (MARKET WIRE) -- May 15, 2007 -- GT Nexus announced today that Restoration Hardware, Inc. (NASDAQ: RSTO) selected its Trade and Logistics Portal to serve as the retailer's global transportation management platform. The platform was successfully used for the 2007 ocean transportation bid, including optimization of the transportation spend and carrier allocations. Finalized agreements have been converted into digitized service contracts, which will be managed by Restoration Hardware and its ocean carriers.

Restoration Hardware, Inc. is a specialty retailer of hardware, bathware, furniture, lighting, textiles, accessories and related merchandise and reported 2006 sales over $581 million. The company operates 103 retail stores and eight outlet stores in 30 states, the District of Columbia and Canada.

"We have a vast, complex transportation network that will be managed through the GT Nexus portal," said Glenn Berger, Vice President of Global Transportation at Restoration Hardware. "Transportation is a strategic spend for us and GT Nexus gives us an integrated set of capabilities that will help us optimize the way we move containerized freight around the world."

GT Nexus is providing the entire platform on-demand, over the Web. Internal users at Restoration Hardware, carriers and other logistics partners work together through a common set of Web applications. All of the data including rates and service terms are captured online in standardized formats, which allows for better, faster comparison of proposals.

As part of the transportation bid, GT Nexus' strategic allocation optimization engine was used to compare thousands of different service and price scenarios. The options were then evaluated to determine an allocation plan that optimizes transportation spend while preserving key business rules.

Now that contracts have been awarded, the system becomes a transportation contract management system that supports ongoing amendments and updates as services are delivered. The ocean contract information also becomes a logistics data hub that can support future procurement cycles and other add on capabilities like freight audit and document exchange.

"GT Nexus was an attractive option for us," said Kim Kuesel, Senior Manager of International Logistics at Restoration Hardware. "Since the solution is delivered on-demand, we didn't need to buy traditional software and take on all of the up front risk. GT Nexus is also a mature, proven system that is in use today at many of the world's biggest shippers and carriers. We completed the entire bid in less than six weeks and we have a plan that gives us the ideal price/service mix."

"Restoration Hardware understood the power of an industry platform," noted Greg Johnsen, EVP and Founder at GT Nexus. "The fact that they were able to roll out the technology, execute a major transportation bid and end up with a fully optimized allocation plan in just six weeks speaks volumes. Restoration Hardware is a terrific new customer and we look forward to a long and productive relationship with them."

About Restoration Hardware, Inc.

Restoration Hardware, Inc. is a specialty retailer of high quality home furnishings, bath fixtures and bathware, functional and decorative hardware and related merchandise that reflects the Company's classic and authentic American point of view. Restoration Hardware, Inc. sells its merchandise offering through its retail stores, catalog (800-762-1005) and on-line at www.restorationhardware.com. As of May 10, 2006, the Company operated 103 retail stores and six outlet stores in 30 states, the District of Columbia and Canada.

About GT Nexus

GT Nexus runs the world's only industry-backed, on-demand global trade & logistics portal. Today, more than 40,000 registered users, from over 15,000 organizations use a range of capabilities on the portal to optimize the global flow of goods and trade information from order point to final payment. GT Nexus connects the physical and financial supply chains. This allows buyers, sellers, banks and logistics providers to work over a common platform with a core set of information that supports multiple trade and logistics functions. Customers include Xerox, American Eagle Outfitters, Procter & Gamble, Weyerhaeuser and The Home Depot. For information, visit www.gtnexus.com.

Contact Information

  • Media Contact:

    Greg Kefer
    Director, Corporate Marketing
    GT Nexus
    +1-510-747-3229
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