Rafaella Apparel Group Clarifies Demand Management Press Release
November 4, 2009
NEW YORK, Nov. 4 /PRNewswire/ -- Rafaella Apparel Group, Inc., an established wholesaler, designer, sourcer, marketer and distributor of a full line of women's career and casual sportswear separates, today issued a correction to clarify an October 27, 2009 press release issued by Demand Management, Inc., as it related to the Rafaella Apparel Group.
The October 27th Demand Management press release stated, among other things, that Rafaella Apparel Group had eliminated excess inventory by forty percent while utilizing Demand Management's supply chain management software. The press release failed to disclose, however, that this information related to a case study conducted over 12 months ago and as such, is not relevant to Rafaella's current inventory levels.
While Rafaella continues to utilize Demand Management's supply chain management software, no studies have been conducted at Rafaella since the case study in 2008.
For further information contact:
Lance Arneson
Vice-President of Finance, Principal Accounting Officer and Interim Chief
Financial Officer
Rafaella Apparel Group, Inc.
1411 Broadway
New York, New York 10018
+1-212-403-0300
SOURCE Rafaella Apparel Group, Inc.
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