The Warehouse Group Selects TCS to Lead Strategic IT Transformation Initiatives

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, today announces its strategic partnership with The Warehouse Group (TWG) to support the next phase of the retailer's digital transformation journey. Under the scope of the partnership, TCS will focus on technology modernisation and transformation by streamlining and consolidating platforms and maximizing value from existing investments across the end-toend retail value chain. TCS will support the Group in building the capabilities and services needed to improve performance.

Bringing its deep domain technology, data, and AI expertise in the retailsector, TCS will collaborate with TWG on strategic initiatives to simplify and modernise the IT landscape, driving operational efficiencies. As part of the agreement TCS will undertake initiatives to support TWG workforce development focused on digital and AI upskilling.

Mark Stirton, Group Chief Executive Officer, The Warehouse Group, said the partnership marks a significant step forward. "We've spent the past year lowering costs, but this partnership allows us to go deeper. TCS will build on our current cost initiatives and unlock the capability and capacity to obtain more value from the technology investments we've made to date. The partnership is estimated to reduce costs in licences and managed services by up to $40 million over five years and will help free up our technology teams to focus on what matters most, delivering more value for our customers, communities, and shareholders."

TCS will help The Group develop and execute a clear strategy to reduce technological debt, enhance platform standardisation, and drive continuous service level improvements through robust governance and transparent reporting.

Girish Ramachandran, President - Growth Markets, Tata Consultancy Services, said, "We are proud to be a strategic partner to The Warehouse Group for this pivotal phase of transformation. Leveraging our global expertise in retail technology, data and AI, we are committed to supporting one of New Zealand's largest and most iconic retail brands in streamlining their systems and enhancing capabilities through AI adoption and thereby laying the foundation for sustained, long-term value creation."

This partnership strengthens TCS' commitment to New Zealand, where it has been a trusted partner for digital transformation, driving innovation across industries through the TCS Co-Innovation Network TM (COIN™). TCS also led the development of the Asia Pacific Digital Sustainability Index in 2022, shaping the region's approach to sustainable digital transformation. Beyond business, TCS is committed to fostering digital talent in New Zealand. Its flagship STEM empowerment programs, GoIT TM and GoIT TM Girls in the region are inspiring students to pursue careers in technology and innovation.

The partnership with TWG builds on TCS' expertise in the retail sector. The world's top 10 global retailers and many others partner with TCS to build profitable and sustainable businesses. TCS' deep industry expertise, backed by decades of experience and relevant partnerships in retail, spans across store operations, merchandising, supply chain, marketing, pricing strategies, hyperpersonalised & omnichannel retailing, and business model reinvention. TCS' extensive portfolio of retail offerings includes TCS Omnistore™, an AIpowered, unified composable commerce platform, and TCS Optumera™, an AI-powered strategic intelligence platform that enables retailers to make optimised merchandising decisions across the value chain.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3145.45 as compared to the previous close of Rs. 3111.50. The total number of shares traded during the day was 74763 in over 3289 trades.

The stock hit an intraday high of Rs. 3150.00 and intraday low of 3109.40. The net turnover during the day was Rs. 233543458.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS StrategicPartnership TheWarehouseGroup