IntelliQ Shows Retail Analytics Pays

IntelliQ Announces Most Successful Quarter Yet: Turnover Doubles In Just Three Months

New Look, Lloyd’s Pharmacy, John Lewis, Mitchell’s & Butlers, Åhléns (Sweden), and Bhs Join Retail Analytics Pioneer’s Customer Base

London, 18th July 2005 – IntelliQ, the retail analytics pioneer, today announces a 116% increase in turnover during Q2, compared to the same period last year. The past three months have seen a dramatic increase in new business: IntelliQ has closed more new sales in the past three months than in the whole of 2004, and this momentum is set to continue for the remainder of 2005.

High profile customers secured during IntelliQ’s most successful quarter to date include John Lewis and New Look, both of which are using IntelliQ’s RetailKey analytics tools to improve efficiency and slash losses owing to fraud and errors.

Further highlights from April-June 2005 include: -

• New customers: including New Look, Lloyd’s Pharmacy, John Lewis, Mitchell’s & Butlers, Åhléns (Sweden), and BHS renewing their existing contract indicating a further vote of confidence in IntelliQ’s solutions and service.
• Business growth: The company continues to dominate the UK retail analytics market and is expanding head count in all key areas of the business including sales, marketing, client services and product. In addition, several executive level appointments have been made.

The quarter has also seen IntelliQ’s research and development furthering the company’s leadership in retail analytics. IntelliQ RetailKey Basket Analysis, scheduled for launch in late July, promises the ailing retail sector a lifeline – enabling them to plan promotions and increase transaction values to maximise profits.

“Retailers are crying out for a means to get to grips with what’s going on in store, and how their customers are shopping with them,” comments Khuram Kirmani, CEO of IntelliQ. “Our systems enable managers at every level to build a detailed understanding of goings-on on the shop floor quickly and with ease.

“As a result of this insight, our customers can distinguish between loss and just shrinkage, and have been able to reduce losses due to things such as product wastage, fraud, refunds, inefficient internal procedures, while at the same time exploring new opportunities to boost profits – delivering real bottom-line benefits quickly. We know we’re giving our clients the insights they need to grow their business, and it’s great to see their good-fortune reflected in our own: we’ve got a great product, a phenomenal sales pipeline, and huge ambitions for the rest of 2005!” Kirmani concludes.

Andreas Johannesson of Åhléns adds: “Åhléns are pleased to be working with IntelliQ, the market leaders in the Loss Prevention, and we believe their solution will make a significant effect on our bottom line.”

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