Tesco, New Look, Selfridges, GAP and Sonae to Speak at Retek's Second Annual EMEA Users...

Business Editors & Technology Writers

Optimise 2002

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 23, 2002

Optimise 2002 - March 11-12, 2002, London

Retek Inc. (Nasdaq:RETK) will host Optimise 2002, the EMEA (Europe, Middle East and Africa) users conference to address

technology issues and trends in the retail industry. This event, held March 11-12, 2002 at the Radisson SAS Portman Hotel in London, offers executives making retail software decisions a chance to meet and network with retail analysts, industry experts, press, retailers and retail suppliers. This event is another example of Retek's increasing commitment to Retek customers and the growing EMEA market.

A number of Retek customers including Tesco, New Look, Selfridges, GAP and Sonae will present valuable case studies with practical information. Additional workshops and presentations by Retek and its sponsors will address the current challenges facing retailers. Along side the conference, attendees may visit an exhibit area to discover the latest offerings from our different sponsors: Accenture, IBM, Enabler, Sun MicroSystems, SeeBeyond, TFMCyntergy, Active Intelligence, Appworx, G-Log, Kronos and Planalytics.

In addition to customer presentations, the conference agenda will cover the latest offerings from Retek - the launch of Retek 10. The agenda will also explore demonstrations on how to maximize the benefits of using Retek systems, optimize resources, and learn about retail technology trends and upcoming Retek offerings: Retek 10, integration bus architecture, predictive applications, next generation collaboration and much more.

Industry experts and global retailers will host breakout sessions on implementation strategies, retail systems experiences and project recommendations. Topics will focus on the four areas of retail systems: retail CRM, merchandising, supply chain management and logistics. In addition, separate breakout workshops will be held to address Retek-specific implementations, products and benefits realization.

"It's not often that so many world class retailers will be in the same room," says Gordon Masson, President of Retek EMEA. "As technology becomes an increasingly pivotal part in the future of the retail industry, we are delighted that more retailers are selecting Retek to help leverage technology to improve their business performance." For more information about Optimise 2002, and to register for the event, visit the Optimise 2002 Web site at www.retek.com/optimise or contact Retek at +44 (0)20 7563 4645.

About Retek Inc.

Retek Inc. is a leading provider of software solutions and services to the retail industry. Retek's collaborative solutions help the retail industry create, manage and fulfill consumer demand. The RIS News Leaderboard 2001 ranked Retek the No. 1 software vendor for retail. Retek's offering, Retek 10, encompasses Retek's proven strategies, sophisticated software applications, patented predictive technology, unparalleled services, and the best practices of its customers and partners. Retek 10 provides retailers with the fastest path to sustainable business value. Many of the world's leading retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar Stores, Gap, Sainsbury's, Eckerd Corp. and Kohl's Department Stores. For more information, visit www.retek.com, or call 1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646.

Retek and retail.com are trademarks of Retek Inc. Other names may be trademarks of their respective owners.

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors are described from time to time in the company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.