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Retail Industry Veteran to Drive Sales Initiatives to Meet Increasing Demand for Private Label and Global Sourcing Solutions
Gloucester, Mass., January 7, 2008 -- TradeStone Software, the retail industry's leading provider of private label and global sourcing solutions, today announced the appointment of Dimitry Erez as Senior Vice President of Sales for the Americas. Erez brings to TradeStone an extensive background in business planning and strategy in retail, with a focus on supply chain management, global sourcing and product lifecycle management technologies. In his new position, Erez will manage TradeStone's sales and pre-sales divisions, cultivate new leads and work closely with new marketing initiatives to respond to increased demand from retailers for TradeStone's Merchandise Lifecycle Management solutions.
"TradeStone has experienced rapid growth since our inception; in this past year alone we significantly expanded our customer base and signed multi- million dollar deals with some of the world's largest retailers and wholesalers in the US, Europe and Africa, " said Sue Welch, CEO, TradeStone Software. "We needed an individual that could capitalize on our momentum as we become the preeminent software supplier for global sourcing and PLM solutions for the retail industry. Dimitry understands the business from the retailers' perspective and has played a major role in guiding the strategies and software selection process for his retail clients. The executive team at TradeStone has worked with Dimitry in the past and has long wanted to make him a part of the TradeStone team. We wholeheartedly welcome him into the TradeStone family and look forward to an even bigger and brighter 2008."
"For some time now I've been following TradeStone's growing dominance in the retail industry and have long admired the vision, commitment and drive the management team brings to retailers," said Erez. "I am proud to be working with such a dedicated organization and look forward to bringing my experience and relationships with some of the world's largest retailers to help nurture and grow TradeStone's customer base."
Erez comes to TradeStone from Strategic Partners Group, a management consulting firm he founded that focuses on supply chain strategies, information systems and business operations. There he advised multi-billion dollar fashion design, development and distribution companies in supply chain design, business improvement and change management. In his prior career at KSA, CFT Consulting and Strategic Partners Group, he directed multi-million dollar systems integrations projects and teams of more than 100 consultants and client personnel. His pervasive experience in footwear and apparel, consumer products, discrete manufacturing and retail include work with industry giants like adidas America, Avon Products, Donna Karan, The Gap, Liz Claiborne and Nordstrom among others.
About TradeStone Software, Inc.
TradeStone provides merchandise lifecycle management software that enables the world's most successful retailers to bring innovative and highly profitable private label products to market at record speeds. TradeStone's Merchandise Lifecycle Management(TM) solution, which consists of TradeStone PLM for Retail (TM), TradeStone Sourcing (TM), TradeStone Quality Management (TM) and TradeStone Global Order Management (TM), delivers radical results - 200 to 400 basis points to the bottom line; sales increases of 35 percent; average consumer spend increases of seven percent; and sell through at margins of 78 percent. TradeStone marquee customers include American Eagle Outfitters, Boots, Circuit City, Deutsche Woolworth, Guitar Center, Kohl's, Macy's, Novi Footwear, N Brown Catalog Company, Pacific Sunwear, Regatta and The Children's Place. TradeStone Software is headquartered in Gloucester, Mass., with offices in Atlanta, Bangalore, Hong Kong and London and can be found on the Web at www.TradeStoneSoftware.com.
Contact:
Tania Stockbridge
TradeStone Software
978-281-3723
tstockbridge
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