Gap Inc. Implements TRIRIGA for Retail™ to Improve Real Estate Performance
LAS VEGAS, NV–January 13, 2009: TRIRIGA®, the leading provider of real estate lifecycle management software, today announced that Gap Inc., one of the world’s largest specialty retailers, has implemented TRIRIGA for Retail™ and its powerful workflow engine to drive and improve overall real estate bottom line performance for its approximately 3,100 store locations.
With thousands of locations in six countries, Gap Inc. selected TRIRIGA for Retail to manage the workflow for its North American real estate portfolio and forecast the financial impact of real estate decisions, including whether to consolidate existing locations, remodel, renew in place, or open new stores. TRIRIGA’s software will help Gap Inc. manage lease costs of existing stores through various workflow processes that allow for increased collaboration and visibility to real-time project information.
“Gap Inc. selected TRIRIGA because it was the most well-designed package in the market that could deliver – in one application – the tools and technology to efficiently and flexibly manage our store real estate deal pipeline across our three brands, Old Navy, Banana Republic, and Gap as well as our Outlet business, and it provides a robust platform to manage the entire lifecycle process,” said Ray Miolla, acting head of Real Estate at Gap Inc. “TRIRIGA for Retail takes our real estate operational processes and workflow to a new level – it’s just what we need to effectively manage our real estate pipeline, and we can leverage its many capabilities in the future to implement our long term technology needs.”
TRIRIGA for Retail provides robust workflow, financial analysis and evaluation of each real estate transaction providing pro forma evaluation and comparison for each site location. It considers key factors that are important to retailers, including all costs associated with the transaction; the revenue of the transaction; and the cannibalization impact of new stores on existing stores. In addition, TRIRIGA for Retail automatically tracks critical path milestone dates for on-time delivery of store projects.
“Leading organizations like Gap Inc. realize that it makes sense to invest in an integrated lifecycle solution to manage their workloads more efficiently and improve data integrity,” said George Ahn, President and CEO of TRIRIGA. “Doing so will help them streamline their processes, manage their real estate assets and improve their bottom line.”
Recognized by leading industry analysts as the best-in-class solution, TRIRIGA provides the industry’s most extensive functionality in a fully integrated solution for Integrated Workplace Management Systems including real estate management, project management, facility management, operations management, workplace performance management and environmental sustainability for real estate assets. TRIRIGA’s extensible technology provides customers with unmatched business agility to rapidly configure and reconfigure the application based on customers’ changing needs. TRIRIGA’s environmental sustainability offering, TREES™, is the only solution available today to help companies measure, manage and reduce the carbon footprint of their buildings. With an outstanding network of consultants, partners, industry experts, and market-leading customers, TRIRIGA delivers exceptional service and proven best practices to over one-third of the Fortune 100 today.
For more information, contact TRIRIGA at 702-932-4444, or visit www.tririga.com.
TRIRIGA, WPM, TREES and TRIRIGA’s other marks and product names are trademarks or registered trademarks of TRIRIGA in the United States and other countries.