Folsom, CA – April 11, 2012 – Retail Pro International, LLC just completed its 2011 audit and is excited to announce a record-breaking year. Despite the economic downturn that affected other businesses in many regions across the globe, Retail Pro International was able to achieve top-line growth over the 12-month period.
Revenue reported during 2011 was higher than the year prior, in part due to a healthy deferred revenue balance that was carried over. Meanwhile, earnings before interest, taxes, depreciation and amortization were up by 43 percent year-over-year, stemming from tight expense management.
Retail Pro International continues to be in an excellent cash position as well, due to strident collection processes and the close involvement of the sales team in this matter.
"December 2011 was the best showing for sales in history of the company," added Kerry Lemos, CEO at Retail Pro International, LLC.
Retail Pro International is planning for an even bigger 2012 as the company continues to globalize and develop its presence in new markets, including the Middle East, with its innovative retail software solutions, including the Retail Pro Prism, the next generation retail management software due for general release mid-year.
About Retail Pro
Retail Pro International, LLC is a global leader in Point of Sale, Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry. For over 20 years, Retail Pro has enabled specialty retailers to achieve their full potential through a unique, scalable, reliable, and highly customizable retail management solution.
Today, Retail Pro is used by more than 52,000 retail stores globally in markets such as fashion, luggage, footwear, collectibles, gifts, home furnishings, sporting goods, and accessories. With unparalleled functionality, flexibility and ease-of-use, Retail Pro has established itself as a trusted solution for today's specialty retailers worldwide. The solution is delivered through a global network of business partners to over 86 countries, translated in 18 languages.
For more information, please visit www.retailpro.com.
|Direct to consumer brands restructure retail strategies|
|How retailers are coping with rising retail crime|
|Connecting with Generation Z|
|Reaching Customers In a Sluggish Economy|
|Pop-Up Stores Support an Omnichannel Vision|
To schedule a briefing or to inquire about a posted news release please contact: