Events
For a complete list of upcoming conferences and trade events, please email us at Info@KSSRetail.com
News
Skogen’s Festival Foods Selects KSS Retail for Price and Promotion Optimization
May 26, 2010
Florham Park, N.J — Festival Foods, based in Onalaska, Wisconsin, announced today that they have selected KSS Retail’s PriceStrat solution for price modeling, forecasting and optimization. Festival Foods is a family-owned company founded in 1946 that operates 13 stores throughout Wisconsin.
“We have built our success by creating and maintaining an intense focus on customer service, and we were looking for a system that could help us enhance that ability,” said Mark Skogen, president of Festival Foods. “By modeling both pricing and promotions, the KSS Retail solution will help us better understand our customers and ensure that we are delivering value for their shopping experience, to always bring them back.”
PriceStrat is KSS Retail’s integrated software application that manages both regular and promotional pricing and enables retailers to model what-if pricing scenarios for both fresh and grocery products, facilitating pricing decisions that are more timely and effective in optimizing sales and value for customers.
“Festival Foods is a family-run organization that has achieved great success by always placing their customer at the center of their decisions,” said Lance Jacobs, chief executive officer of KSS Retail. “Utilizing PriceStrat, they will be able to better understand the correlation of price and customer behaviour, and thus deliver more impactful pricing and promotions to their customer base.”
KSS Retail provides regular and promotional price optimization to leading retailers including Kroger, Raley’s, Sonae Portugal, Brookshire Brothers, McKesson, United Supermarkets, and many others.
About Festival Foods
Festival Foods, a family-owned company operating stores strategically throughout Wisconsin, was founded as Skogen’s IGA by Paul and Jane Skogen in 1946 in Onalaska, Wisconsin. The company now operates 13 full-service, state-of-the art, supermarkets in eight growing communities and employs over 3,200 full and part-time associates. Festival Foods is well-known for its philosophy of “The Boomerang Theory”; every business decision they make is based on the question, “What can we do to bring our customers back?”
About KSS Retail
KSS Retail is the global premier provider of price optimization and customer insight solutions to the grocery, convenience, chain drug, general and online retail industries. Retailers use KSS Retail software and professional services to better understand their customer’s needs, and to deliver more effective pricing, promotions and merchandising decisions. KSS Retail clients consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current clients include Kroger, Brookshire Brothers, McKesson, Sonae, Raley’s, United Supermarkets, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
BI-LO Supermarkets Selects KSS Retail to Optimize Regular and Promotional Pricing
May 05, 2010
Florham Park, N.J. — BI-LO Supermarkets of Greenville, S.C. has selected KSS Retail as the grocer’s new provider of price modeling, forecasting and price optimization. BI-LO operates 207 stores across the Carolinas, Georgia and Tennessee.
PriceStrat is KSS Retail’s integrated software application that manages both regular and promotional pricing and enables retailers to model what-if pricing scenarios for both fresh and grocery products, facilitating pricing decisions that are more timely and effective in optimizing sales and value for customers.
“BI-LO is intently focused on serving our customers by delivering quality products and the value they expect,” said Mart Orr, Director of Pricing of BI-LO. “Our previous system could only manage regular price modeling, and limited our abilities with our pricing functions. With KSS Retail, we will have the ability to optimize both regular and promotional pricing together, providing us a more complete understanding of how our customers shop a category. The combined insight of regular and promotional prices will ensure that we are meeting the needs of our customers both today, and in the future.”
KSS Retail provides regular and promotional price optimization to leading retailers including Kroger, Raley’s, Sonae Portugal, Brookshire Brothers, McKesson, United Supermarkets, and many others.
“BI-LO has long been a proponent of price optimization, and we look forward to helping them enhance their capabilities by modeling regular and promotional pricing,” said Lance Jacobs, chief executive officer of KSS Retail. “PriceStrat will help provide BI-LO’s merchants a complete view of customer shopping insights, which will allow them to deliver pricing and promotions that best serve their customers. Our Retail clients have achieved great success with PriceStrat and we are confident that BI LO will accomplish the same.”
About BI-LO
BI-LO, LLC, headquartered in Mauldin, South Carolina, operates 207 supermarkets in South Carolina, North Carolina, Georgia and Tennessee and employs approximately 15,000 teammates. BI-LO, LLC has a proud heritage in their marketing areas including one of the single largest one day charity events in the country - BI-LO Charity Classic golf tournament. The BI-LO Charity Classic has raised more than $48 million in the past 26 years, with grant funding focused on children’s charities, hunger relief and education.
About KSS Retail
About KSS Retail: KSS Retail is a leading provider of price optimization and customer insight solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retailers use KSS Retail software and solutions to better understand their customer’s needs to deliver more effective pricing, promotions and merchandising decisions. KSS Retail clients consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current customers include Kroger, Brookshire Brothers, McKesson, Sonae, Raley’s, United Supermarkets, Continente, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
Olean Wholesale selects KSS Retail for Price Modeling and Optimization
April 08, 2010
Florham Park, N.J., — KSS Retail, a leading provider of price modeling and optimization solutions for retailers worldwide, announced today that Olean Wholesale Grocery Cooperative, founded in 1922, has selected the KSS Retail PriceStrat solution for Price Modeling and Optimization.
For over 88 years Olean Wholesale has focused on serving the needs of retail Members and a large number of non-member retailers in Western and Central New York, Western Pennsylvania and Northeastern Ohio. Olean Wholesale will use the KSS Retail PriceStrat solution to generate optimized prices to assist in driving long-term growth for its Members.
“By utilizing KSS Retail’s price optimization solution, we will be able to provide greater insights for our Members as to how their customers react to pricing and promotions,” said Jim Ried, President and CEO of Olean Wholesale. “Our goal is to ensure that our Members are able to serve their customers with products that are priced right. Working with KSS Retail, we will now be able to accurately model and forecast pricing and promotions to help our Members provide their customers a better shopping experience.”
“Wholesalers have unique challenges with respect to pricing,” said Lance Jacobs, Chief Executive Officer of KSS Retail. “We’re confident, based on our experience with our other wholesale clients, that Olean will experience the same great results as they leverage price optimization on the front-lines of merchandising.”
About Olean Wholesale
Olean Wholesale Grocery Cooperative, Inc. is a cooperative food distributor that was founded in 1922. For over 88 years they have conducted business for the sole benefit of independent retail grocers. Operating out of a 380,000 square foot distribution center in Olean, New York, the Cooperative currently services retail members and a large number of non-members retailers in Western and Central New York, Western Pennsylvania and Northeastern Ohio. www.Oleanwholesale.com
About KSS Retail
KSS Retail is a leading provider of price optimization and customer insight solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retailers use KSS Retail software and solutions to better understand their customer’s needs to deliver more effective pricing, promotions and merchandising decisions. KSS Retail clients consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current customers include Kroger, Brookshire Brothers, McKesson, Sonae, Raley’s, United Supermarkets, Continente, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
Reasor’s selects KSS Retail for Price Modeling and Optimization
March 25, 2010
Florham Park, N.J. — KSS Retail, a leading provider of price optimization and customer insight solutions for retailers worldwide, announced today that Reasor’s, based in Tahlequah, Oklahoma, has selected the KSS Retail PriceStrat solution for Price Modeling and Optimization. Reasor’s will utilize the PriceStrat solution to model, forecast and optimize regular and promotional pricing to provide measurable value for its customers.
“We are constantly focused on providing our customers with the right products at the right price,” said Jeff Reasor, CEO of Reasor’s. “We see price optimization as a strategic tool that will ensure that we are offering our customers competitive prices on the items that matter most. KSS Retail has a proven record with all of their retail clients and we are excited to work with them.”
“Reasor’s is a great example of a regional retailer who has succeeded by understanding and meeting the needs of their customers,” said Lance Jacobs, CEO of KSS Retail. “The generation of optimized retails along with real-time price and promotion modelling will allow Reasor’s to understand their customers at a new level. We have tremendous respect for Reasor’s and look forward to working with them as they strive to deliver a better shopping experience.”
About Reasor's
About Reasor's: Reasor's is a regional full-service grocery chain with 15 stores in north-eastern Oklahoma. Some locations sell gas and offer in-store banking, pharmacies, and photo departments. The company also offers online grocery shopping at all of its stores. The company is testing Lil' Reasor's, a convenience store and gas station format, in the Tulsa area. Founded as a single store location in 1963 by Larry Reasor, today the family-owned company is run by his son Jeff Reasor (CEO of Reasor’s).
About KSS Retail
About KSS Retail: KSS Retail is a leading provider of price optimization and customer insight solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retailers use KSS Retail software and solutions to better understand their customer’s needs to deliver more effective pricing, promotions and merchandising decisions. KSS Retail clients consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current customers include Kroger, Brookshire Brothers, McKesson, Sonae, Raley’s, United Supermarkets, Continente, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
DUNNHUMBY ACQUIRES KSS RETAIL
January 04, 2010
LONDON – International marketing consultancy dunnhumby announced today that it has acquired KSS Retail, a leading provider of price modeling and optimization solutions for retailers worldwide. For the past 20 years dunnhumby has been finding patterns in what customers are buying and why for leading retailers such as Tesco, Kroger and Casino. This acquisition will enable dunnhumby to combine their know-how and expertise with KSS Retail's innovative price modeling and optimization solutions for existing and future clients around the world.
KSS Retail provides software which generates optimized prices based on consumer demand and that accurately models and forecasts the effects of future pricing and promotional decisions for retailers in the grocery, drug, convenience, on-line and general retail segments. Current clients include Kroger, Sonae (Portugal), Raley’s, McKesson, Associated Food Stores, Brookshire Brothers, Balls Food Stores and many others. KSS Retail will operate as an independent business unit of dunnhumby and maintain its existing management structure. Over time, KSS Retail will bring elements of dunnhumby capability to the marketplace.
Commenting on news of the acquisition, Kevin Sterneckert, research director at AMR Research stated, “AMR sees a fantastic potential in the combination of dunnhumby’s thought leading consumer marketing techniques and the proven demand sensing and shaping capabilities of software provided by KSS Retail. AMR sees this acquisition as market disrupting and will likely cause many software providers angst as they assess the potential strength this transaction represents. AMR believes the customer will win in the end as retailers continue to increase their ability to sense and shape consumer demand.”
“I am delighted that we now have the chance to bring the great retail pricing expertise from KSS Retail to a wider retail audience,” said Edwina Dunn, co-founder and chief executive of dunnhumby. “We have worked with KSS Retail for the past year and quickly recognized the superiority of their science and price optimization tool. I am tremendously excited about the opportunity to bring some exceptionally talented and motivated people into the dunnhumby family.”
Lance Jacobs, chief executive officer of KSS Retail said, “dunnhumby has a proven reputation in the retail industry for delivering actionable customer insights. By leveraging dunnhumby’s expertise with our price optimization technology, we will be able to jointly bring unprecedented value to the retailer, manufacturer and the consumer.”
About dunnhumby
dunnhumby combines proven natural abilities with big ideas to find clues and patterns as to what customers are buying and why. dunnhumby turns insights from over 200 million households worldwide into actionable strategies that create dramatic growth and sustainable loyalty, ultimately improving brand value and the customer experience. Employing more than 1,200 people in 26 offices in 16 countries in Europe, Asia and the Americas, dunnhumby serves a prestigious list of companies including Tesco, Casino, Kroger, Procter & Gamble, Shell, Coca-Cola and Mars. For more information, visit www.dunnhumby.com
About KSS Retail
KSS Retail is the leading provider of price optimization solutions for the grocery, convenience, chain drug, general and online retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. Retailers using KSS Retail consistently achieve improved market share, sales, profit growth and enhanced competitive positioning, and include leading companies such as Rite Aid, Kroger, McKesson, Sonae, Raley's, United Supermarkets, dabs.com, and ABC Fine Wine and Spirits. For more information, visit www.KSSRetail.com or contact Lyle Walker at Lyle.Walker@KSSRetail.com. Media inquiries should contact Roy G. Miller at rmiller@rgmcomms.com, or call (903) 422-5117. Visit KSS Retail at the upcoming NRF show in NYC, Jan. 11-12, booth 1959.
PCC Natural Markets selects KSS Retail for Price Modeling and Optimization
September 16, 2009
Florham Park, N.J. — KSS Retail, a leading provider of price modeling and optimization solutions for retailers worldwide, announced today that Seattle-based PCC Natural Markets (PCC), the largest consumer-owned and operated natural foods retailer in the United States, has selected the KSS Retail PriceStrat solution for Price Modeling and Optimization.
KSS Retail PriceStrat is an integrated software application that manages both regular and promotional pricing and enables retailers to model what-if pricing scenarios for both fresh and grocery products, facilitating pricing decisions that are more timely and effective in optimizing sales and value for customers.
“Our goal is to always deliver value to our customers and incorporating KSS Retail into our operations will help us continue to do so,” said Tracy Wolpert, PCC’s Chief Executive Officer. “We look forward to leveraging this technology to better serve our shoppers.”
“PCC is known for its sustainable operations, high product standards and customer service,” said Lance Jacobs, Chief Executive Officer of KSS Retail. “We are excited to be working with them to help capture the tremendous benefits our price optimization solution delivers.”
About PCC Natural Markets
About PCC Natural Markets: Headquartered in Seattle, Wash., PCC Natural Markets is a certified organic retail cooperative with annual sales of $140 million and an active membership of 45,000 households. PCC operates nine stores in the Seward Park, View Ridge, Greenlake, West Seattle, Fremont, Kirkland, Redmond, Edmonds and Issaquah neighborhoods. www.pccnaturalmarkets.com
About KSS Retail
About KSS Retail: KSS Retail is the leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current customers include Rite Aid, McKesson, Sonae, Raley’s, United Supermarkets, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
dunnhumby Creates Strategic Alliance With KSS Retail For Pricing Optimization Software
June 25, 2009
Florham Park, N.J. KSS Retail, a leading provider of price modeling and optimization solutions for retailers worldwide, announced today that dunnhumby, an international leader in building sales and brand value for consumer goods and retail companies, has formed a strategic alliance with KSS Retail to utilize the KSS PriceStrat solution for price modeling and optimization. The alliance will enable dunnhumby to provide price modeling and optimization focused on the behavior and needs of different customer segments to their existing and future clients in North America and elsewhere. Terms of the agreement were not disclosed.
“Aligning with KSS Retail will allow us to increase our capabilities in the work we do with retailers and manufacturers and help us provide an even higher level of relevance to the customer. We are excited about the opportunities to further develop and customize our capabilities”, noted Simon Hay, CEO of dunnhumbyUSA.
“dunnhumby is uniquely qualified at turning customer insights into meaningful action,” said Lance Jacobs, Chief Executive Officer of KSS Retail. “We believe that melding dunnhumby’s essential customer genius with KSS Retail’s price optimization technology will yield unprecedented value to the retailer, manufacturer and the consumer. We are thrilled to be partnering with an organization that has brought so much innovation to the retail industry.”
About dunnhumby
dunnhumbyUSA combines proven natural abilities with big ideas to find clues and patterns as to what customers are buying and why. dunnhumbyUSA turns these insights into actionable strategies that create dramatic growth and sustainable loyalty, ultimately improving brand value and the customer experience. dunnhumbyUSA is a joint venture between The Kroger Company and London-based dunnhumby. Employing more than 300 people in Cincinnati, Atlanta, Chicago, Minneapolis and New York, dunnhumbyUSA serves a prestigious list of companies, including The Kroger Co., Macy’s, Coca-Cola, General Mills, Kimberly-Clark, PepsiCo, Procter & Gamble, and The Home Depot. dunnhumbyUSA has been recognized for three years running as a Best Place To Work and one of the fastest growing companies in Cincinnati by The Business Courier. For more information, visit http://www.dunnhumby.com/us/.
About KSS Retail
KSS Retail is the leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. Current customers include Rite Aid, McKesson , Sonae, Raley’s, United Supermarkets, dabs.com, ABC Fine Wine and Spirits, and many others. For more information, visit www.KSSRetail.com.
Lawrence Brothers Supermarkets Selects KSS Retail for Real-Time Price Modeling and Optimization
January 29, 2009
Florham Park, N.J. — KSS Retail, a leading provider of retail price optimization solutions, announced today that Lawrence Brothers IGA, operators of supermarkets throughout West Texas and New Mexico, has selected KSS Retail for real-time price modeling and optimization. Using the self-learning modeling capabilities of KSS Retail, Lawrence Brothers will provide its merchandising team with the ability to quickly and accurately model, forecast and optimize pricing and promotions.
“Our goal is to provide our customers with value and service,” said Jere Lawrence, President of Lawrence Brothers. “We chose KSS Retail for several distinct reasons. The price optimization tool they are providing us is intuitive, self-learning and one that we’ll be able to use in our daily work-flow to better serve our customers. Additionally and critically important, their current retailer customers are very happy with the KSS Retail optimization system and are achieving strong, bottom-line results.”
“Lawrence Brothers is a family owned business that is successful due to their focus on serving their consumers,” said Lance Jacobs, Chief Executive Officer of KSS Retail. “By placing the KSS Retail optimization solution in the hands of their merchandising team, they will be able to model their pricing and promotional decisions to ensure that they are achieving their objectives. We are excited to have them as our newest customer and look forward to their success in leveraging price modeling and optimization.”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About Lawrence Brothers
In 1929, J.M. Lawrence opened a grocery store in Sweetwater, Texas. The store was called Piggly Wiggly, which, during its time, was part of the largest retail grocery franchise in the United States. Over the years, J. M. Lawrence, and later his sons, and grandsons, operated stores throughout West Texas and New Mexico. In 1986, the names of the grocery stores were changed to Lawrence Brothers IGA. In addition, several stores were added to the retail grocery franchise under the name of "Fiesta Foods." Today, the Lawrence Brothers IGA stores combine the power of a national chain with the atmosphere of a family run business.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Associated Food Stores selects KSS Retail for Price and Promotion Optimization
January 12, 2009
Florham Park, N.J. — KSS Retail, a leading provider of retail price optimization solutions, announced today that Associated Food Stores (AFS), based in Salt Lake City, will implement the KSS Retail price modeling and optimization suite. Associated Food Stores is an independent retailer-owned warehouse that services nearly 500 grocers in eight western states. Leveraging the real-time predictive modeling of KSS Retail, AFS will be able to model, refine, and optimize pricing and promotions to drive value for the consumers of their member stores.
“Our goal is to leverage the best solutions available to provide the right guidance to our retailers, ensuring that they are able to deliver the utmost value for their customers,” said Brian Duff, Senior Vice President at Associated Food Stores.“We conducted an extensive evaluation of the price optimization solutions available in the market and chose KSS Retail because of the consistent, measurable results that all of their customers are achieving.”
Associated Food Stores joins a rapidly growing list of retailers who have recently selected KSS Retail for price optimization, including Spartan, Raley’s, Cumberland Farms, United Supermarkets, Lunds and Byerly’s, Sonae Portugal and others.
“Associated Food Stores has thrived by providing their members with the products, services and solutions that enable them to succeed in the market,” said Lance Jacobs, CEO of KSS Retail. “We look forward to working with a very talented AFS team to provide their members with the tremendous advantages of price optimization.”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About Associated Food Stores
Associated Food Stores is an independent retailer-owned warehouse based in Salt Lake City, Utah, providing complete warehouse facilities and services to nearly 500 grocers in eight western states. Associated can be found on the Internet at www.afstores.com.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
KSS Retail PriceStrat Modeling and Optimization Solution selected by Spartan Stores
January 8, 2009
Florham Park, N.J. — KSS Retail, a leading provider of retail analytical solutions, announced today that it will license the full KSS PriceStrat optimization suite to Spartan Stores. PriceStrat will provide Spartan’s merchandising group with real-time merchandising simulations. Spartan Stores distributes products to over 400 independent grocers and also owns and operates 100 retail supermarkets in Michigan, including D&W Fresh Markets, Family Fare Supermarkets, Felpausch Food Centers, Glen's Markets and VG’s Food Centers.
“We have a consistent focus on satisfying our customers’ needs and developing effective merchandising strategies,” said Alan Hartline, Executive Vice President of Merchandising for Spartan. “After a thorough evaluation process, we chose KSS Retail because of their consistent results working with their retail customers. We look forward to leveraging the predictive insight and modeling capabilities of PriceStrat.”
Spartan Stores joins a rapidly growing list of retailers who have recently selected KSS Retail for price modeling and optimization, including Raley’s, Cumberland Farms, United Supermarkets, Lunds and Byerly’s, Sonae Portugal and others.
“We continue to see strong financial gains from retailers as they leverage our real-time optimization solution across their merchandising organizations,” said Lance Jacobs, CEO of KSS Retail. “We are excited to have Spartan Stores as our newest customer and look forward to working with them.”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About Spartan Stores
Grand Rapids, Michigan-based Spartan Stores, Inc., (NASDAQ: SPTN) is the nation's tenth largest grocery distributor with warehouse facilities in Grand Rapids and Plymouth, Michigan. The Company distributes more than 40,000 private-label and national brand products to nearly 400 independent grocery stores in Michigan. Spartan Stores also owns and operates 100 retail supermarkets in Michigan, including D&W Fresh Markets, Family Fare Supermarkets, Felpausch Food Centers, Glen's Markets and VG’s Food Centers.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Lunds and Byerly's Selects KSS Retail for Real-Time Modeling and Optimization
December 16, 2008
Florham Park, N.J.— KSS Retail, a leading provider of retail price optimization solutions, announced today that Lund Food Holdings, operators of Lunds and Byerly’s grocery stores in the Twin Cities area of Minnesota, has selected KSS Retail as its provider for price modeling and optimization. Lund Food Holdings will leverage KSS Retail’s real-time modeling capabilities of its price optimization software throughout its merchandising organization.
“We focus on providing a superior shopping experience for our consumers and know that the real-time, self-learning capabilities of the KSS Retail price optimization solution will help us better serve our customers,” said Phil Lombardo, vice president of sales and marketing for Lund Food Holdings. “In the current economic environment, it is more critical than ever to accurately model pricing and promotions that drive consistent consumer value. We are confident that in choosing KSS Retail, we have made a decision for the best optimization solution in the market.”
Lunds and Byerly’s joins a growing list of retailers who have recently selected KSS Retail for price optimization, including Raley’s, Cumberland Farms, United Supermarkets, Sonae Portugal, British Telecom’s dabs.com and others.
“Lunds and Byerly retail stores are known for focusing on their consumers to deliver an exceptional shopping experience,” said Lance Jacobs, chief executive officer of KSS Retail. “Even though we are in an unprecedented economic environment, our optimization customers are leveraging the real-time, self-learning capabilities of KSS Retail to quickly react to changing consumer behavior. Lund Food Holdings is a great example of a company that understands the importance of integrating the predictive insight of optimization into the daily work-flow of a merchant, and we are confident that they will have great success.”
About Lund Food Holdings
Lund Food Holdings operates 21 Lunds and Byerly's supermarkets in and around the Minneapolis/St. Paul metro area. Regarded as an innovator in the industry, the grocer has built a reputation of providing extraordinary foods, exceptional service and passionate expertise. In 2006, Lunds and Byerly’s launched an online shopping service with home delivery and drive-thru pickup. www.LundsandByerlys.com
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
United Supermarkets Selects KSS Retail for Price Modeling and Optimization
September 9, 2008
Florham Park, N.J. — KSS Retail, a leading provider of retail price optimization solutions, announced today that United Supermarkets of Lubbock, Texas, has selected KSS Retail as its provider for price modeling and optimization. United Supermarkets, with annual sales in excess of $1 billion, will use the real-time, predictive modeling of KSS Retail’s optimization software to enhance value in the strategic areas of pricing and promotions. United Supermarkets operates stores throughout North Texas under three banners.
“We completed a thorough evaluation of the price optimization solutions available and chose KSS Retail for several key reasons,” said Chris St. Clair, Vice President and Chief Information Officer of United Supermarkets. “United is an organization that is dedicated to providing exceptional service and value to our loyal guests. We believe that KSS Retail will provide us the enhanced toolset to more effectively execute our pricing strategy across both promotional and everyday-priced items while identifying missed opportunities to offer better value to our guests. Our goal is to provide our customers with quality, value, and service, and we are confident that KSS Retail will help us to continue to meet these objectives in this unprecedented time of food-based commodity price fluctuation. ”
United Supermarkets joins a growing list of retailers who have recently selected KSS Retail for price optimization, including Raley’s, Haggen, Brookshire Brothers, Cumberland Farms, Portuguese retail giant Sonae, and Super S Foods.
“United Supermarkets is experiencing strong growth by focusing and executing on meeting the needs of their consumers,” said Lance Jacobs, Chief Executive Officer of KSS Retail. “By using our real-time, self-learning price optimization solution, the merchandising team at United will be empowered with accurate modeling and forecasting capabilities. United has an unwavering commitment to exceptional service, for their customers, their employees and their communities, and we are excited to have them as our newest retail partner. We are confident that they will achieve great results in their use of price optimization.”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About United Supermarkets
United Supermarkets, based in Lubbock, Texas, operates 48 supermarkets throughout North Texas and the Dallas-Fort Worth metroplex. Founded in 1916 by H.D. Snell, United Supermarkets runs its own distribution facility and is a member-owner of Topco Associates. United Supermarkets continues to be led by the Snell family, now in its fourth generation of ownership. Besides the original grocery chain, it has added two other concepts in recent years: Market Street, which features take-home cuisine, restaurants, gourmet and everyday grocery items in one store; and Amigos United, an international-format store offering the perfect blend of American fare and international cuisine. In addition to its innovations in the grocery store industry, United Supermarkets has long been known for its commitment to guest service and community involvement.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail price optimization customers consistently achieve improved market share, sales and profit growth, and enhanced competitive positioning. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Cumberland Farms Convenience Stores Selects KSS Retail for Price Optimization Largest convenience store/petroleum marketer in the Northeast to leverage predictive consumer insight
July 23, 2008
Florham Park, N.J. — KSS Retail, a leading provider of retail price optimization solutions, announced today that Cumberland Farms, the largest convenience store/ petroleum marketer in the Northeast, has selected the KSS Retail integrated solution for price and promotion optimization. Cumberland Farms will utilize KSS Retail to accurately model, forecast and optimize pricing and promotions. The KSS Retail price optimization solution leverages self-learning demand models, with real-time forecasting and modeling that allows optimization to be used on the front-lines of merchandising.
“We are focused on providing our customers with convenience and value,” said Ari Haseotes, Vice President of Marketing at Cumberland Farms. “Using the KSS Retail price optimization solution will provide our merchants with fast and accurate predictive insight into pricing decisions, to ensure that we deliver our customers the value they have come to expect from Cumberland Farms. We conducted an extensive evaluation of the optimization products in the market and the selection of KSS Retail became an obvious choice.”
“Cumberland Farms is a great example of a retailer that achieves consistent success by understanding their markets and how to serve their customers,” said Lance Jacobs, KSS Retail Chief Executive officer. “The success of our customers with price optimization has been built on the premise of empowering the retail merchant with real-time, accurate insight into pricing and promotions. We are excited to be working with Cumberland Farms and their merchant team to help capture the tremendous benefits of price modeling and optimization.” KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About Cumberland Farms
Cumberland Farms is committed to providing its customers with value, convenience and unparalleled service. Its network of retail stores, gas stations, and a support system including petroleum, dairy and grocery distribution operations spans 11 states across the Northeast and Florida, making it the largest convenience store/ petroleum marketer in the Northeast. Cumberland Farms takes pride in its corporate citizenship. Through its Corporate Giving Program for Youth, the Company is working to improve the prospects for young people, to encourage and support young people’s achievements in business and leadership, and to provide educational opportunities for young people. Cumberland Farms is a proud sponsor of 4-H, the Muscular Dystrophy Association and Making Strides for Breast Cancer and provides college scholarships. In addition to annual corporate contributions, Cumberland Farms is active at the local level, building awareness and supporting worthy organizations in the communities where we live and work.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to accurately model, forecast and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
On-Line Retailer “dabs.com” Selects KSS Retail for Price and Promotion Optimization. Wholly owned subsidiary of British Telecommunications plc (BT) to leverage predictive consumer insight
July 17, 2008
Florham Park, N.J. — dabs.com, an award winning UK based on-line retailer of technology products, announced today their selection of KSS Retail for price and promotion optimization. dabs.com is a wholly owned subsidiary of British Telecommunications plc (BT), and processes around 5000 customer orders daily. KSS Retail will provide dabs.com with its real-time, self-learning price modeling and optimization solution that will provide dabs.com with predictive insight into the effects of pricing and promotional decisions.
“Our goal is to deliver customer value and improve the customer experience, while remaining competitive in our market” said Jonathan Wall, Marketing Director of dabs.com. “We view the KSS Retail price optimization solution as an important element in assisting us to meet this goal. By leveraging KSS Retail’s proven price optimization solution, we will be able to accurately model, refine and implement pricing that provides our customers with the value they have come to expect from dabs.com.”
“Retailers of all types are experiencing the tremendous value that KSS Retail price optimization brings them,” said Lance Jacobs, KSS Retail Chief Executive Officer. “dabs.com will be able to leverage the predictive insight of the KSS Retail price optimization solution to model the impact of their pricing decisions, real-time. This insight will help them ensure that they are delivering a superior customer experience. ”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, chain drug, convenience, general and on-line retail markets.
About dabs.com
Servicing the whole of the UK from state-of-the-art premises in Bolton, dabs.com is a leading on-line retailer of technology products, processing around 5,000 customer orders every day. dabs.com is part of the Dabs Group of companies, originally founded in 1987 by entrepreneur David Atherton in partnership with a writer called Bruce Smith (the name 'Dabs' comes from the combined initials of their two names). In April 2006, David sold the Dabs Group and dabs.com became a wholly owned subsidiary of British Telecommunications plc (BT). dabs.com has won many high profile awards for both online retailing and general business performance including the “What Laptop!”, “PC Pro” and “Computeractive” magazine awards for “Best Online Retailer”.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug, general and on-line retail industries. Retail merchants use KSS Retail software to model and optimize retail prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Super S Foods Selects KSS Retail to Provide Predictive Pricing Using Price and Promotion Optimization
July 1, 2008
Florham Park, N.J. — Super S Foods, an operator of 49 grocery stores throughout South and Central Texas, announced the selection of KSS Retail as its provider of price and promotional modeling and optimization. Super S Foods, headquartered in San Antonio, Texas, serves numerous communities around San Antonio, Austin, Houston and Corpus Christi. Super S will begin deployment of KSS price optimization software immediately.
“I believe price optimization is a requirement for any grocery chain that wants to enhance their competitive position in a market without sacrificing margins,” said David McBurnett, President of Super S Foods. “Retailers who use KSS Retail consistently show positive results, both on increasing their market competitiveness, and enhancing their bottom line. We chose KSS Retail because of these results, and we are confident that we will achieve the same.”
“Super S is in a niche market that serves South and Central Texas, and has developed a deep understanding of the communities and customers they serve,” said Lance Jacobs, KSS Retail Chief Executive Officer. “They will now be able to model, forecast and generate optimized pricing, which consistently delivers value to their customers and simultaneously meets their internal financial objectives. We are excited to be working with a very talented Super S team and look forward to helping them achieve success with price optimization.”
KSS Retail is a leading provider of price optimization with the only real-time, self–learning price optimization solution for the grocery, drug, convenience and general retail markets.
About Super S Foods
Super S Foods is a family-owned supermarket business dedicated to providing exceptional service to customers in hometown communities throughout its forty nine stores in South and Central Texas. Super S Foods delivers this by providing quality fresh meats and produce in a friendly, family atmosphere filled with honesty, integrity and value.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant-friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Portugal’s Largest Retail Chain, Sonae Distribuição, Selects KSS Retail for Price and Promotion Optimization
June 24, 2008
Florham Park, N.J. –– Sonae Distribuição, operator of more than 630 hypermarkets, supermarkets and non-food stores throughout Portugal, announced today that it has selected the KSS Retail PriceStrat solution for price and promotion management. Sonae Distribuição made the decision to go with KSS Retail’s solution after an extensive evaluation of all offerings in the market. Sonae Distribuição is Portugal's largest retail chain and operates under various brand names, including Continente, Modelo, Modelo Bonjour and Worten.
“Price is a variable that has always been crucial for our value offering. Since mid-1990, Sonae Distribuição has developed and optimized its pricing management tools based on information available in our data warehouse,” said João Günther Amaral, Director of Commercial and Store Operations Development for Sonae Distribuição. “After evaluating the pricing solutions offered by the main players in this market, we understood that today there are new opportunities to further develop our pricing models. We chose KSS Retail because of its retail industry knowledge, the flexibility of their approach to the customer and because we believe they are the best partner for us to work with.”
“KSS Retail is bringing phenomenal results to all of our retail customers,” said Lance Jacobs, Chief Executive Officer at KSS Retail. “We are extremely pleased and excited that after an intense and extensive evaluation process, Sonae Distribuição saw the value of our real-time price modeling and optimization solution. We look forward to building a long-term partnership with the very talented team at Sonae Distribuição.”
KSS Retail provides the only real-time, self–learning price optimization solution for the grocery, drug, convenience and general retail market segments.
About Sonae Distribuição
Sonae Distribuição is the leading food retailer in Portugal and considered an international benchmark in the sector, mainly in terms of profitability. Its market position has been achieved based on a profound knowledge of the market, being able to provide a reliable and high quality service to all its customers; a continuous investment in innovation, as a means of exceeding the demands of its customers and differentiating itself from the competition; a focus on operational efficiency, by improving information systems, modernizing the logistics structure and training internal staff; and a well-known brand name with one of the highest awareness and confidence levels among Portuguese consumers. Sonae Distribuição operates in two different areas: (i) food retail, including Continente hypermarkets, Modelo Hypermarkets and supermarkets Modelo Bonjour; and (ii) non-food retail, with ten formats, the most significant being Worten, a consumer electronics format, SportZone, a sporting goods format, and Modalfa, an apparel format. Sonae Distribuição has been expanding its store network, ending 2007 with 646 stores, amounting to a total 7.6M sq ft of sales area and 70% coverage of the Portuguese population.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. KSS Retail customers include Rite Aid Drug, Raley’s Supermarkets, Soriana, Brookshire Brothers, McKesson, ABC Fine Wine & Spirits, and others. KSS Retail was formerly part of Knowledge Support Systems. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com
KSS Retail Introduces a New View of "Price Optimization in Merchant Time" at the FMI show + MARKETECHNICS in Las Vegas
May 1, 2008
KSS Retail, the leading in-house Price Optimization provider, will be showcasing live demonstrations of Price Optimization in the hands of a retail merchant, at the annual Food Marketing Institute MARKETECHNICS® trade show in Las Vegas, May 5-7.
KSS Retail will be at booth #3485 at the MARKETECHNICS show. KSS Retail provides the leading in-house price optimization solution for the grocery, convenience, drug and general retail markets.
“Our latest release allows our retail customers to model promotions over a user-defined time period, typically four, eight or 12 weeks,” said Lyle Walker, KSS Retail vice president of marketing. “This gives a retail merchant the ability to determine the optimum amount of time to run a promotion. Often-times promotions run too long and consumers end up viewing these promotional prices as everyday pricing. Retailers now have the ability to see the effects of multiple weeks of promotions, understand their impact on other items in the category, and determine the optimum amount of time that these promotions should run. And, because of our dynamic modeling techniques, a merchant is always working with the most current, updated models. ”
By understanding the issues and work requirements of retail merchants, KSS Retail has been able to leverage more than 14 years of price modeling experience to deliver an intuitive, fast, self-learning and merchant friendly solution that places Price Modeling and Optimization on the front-lines, where pricing and promotional decisions are made. KSS Retail customers, such as Raley’s, Brookshire Brothers, McKesson and others are able to model any category, any time with the most current information because of the dynamic, self-learning models that are unique to KSS Retail. And, by integrating regular and promotional pricing, KSS Retail customers are able to fully understand the effects of promotions on a category, allowing them to develop pricing that optimizes financial objectives.
About KSS
KSS Retail is the leading provider of in-house price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact:
Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com
KSS Retail, U.S. Headquarters
25-B Hanover Rd, Ste 201
Florham Park, NJ 07932
972-733-0465
www.KSSRetail.com
Haggen, Inc. Selects KSS Retail for Price Modeling and Optimization
Febuary 28, 2008
Haggen, Inc., headquartered in Bellingham, Washington, announced today that it has selected the KSS Retail price modeling, optimization and forecasting solution to be used by it’s merchants for optimizing promotional and everyday pricing. Founded in 1933, Haggen is known for innovation and is the largest independent grocery company in the Pacific Northwest. Haggen will use the KSS Retail price optimization solution to provide its merchants with the ability to accurately model, forecast and measure the impact of their pricing and promotional decisions.
“We made our decision for KSS Retail after a thorough review of the optimization solutions in the market,” said Harrison Lewis, VP and CIO of Haggen. “Our selection criteria focused on in-depth retail experience and demonstrable results with other retailers. They (KSS Retail) have a very experienced team who know retail and understand the importance of using the science of optimization to better align pricing with overall corporate strategy. We look forward to leveraging KSS Retail and its optimization capabilities to improve price image, margin, and sales.”
“Haggen is known for delivering an exceptional shopping experience for its customers,” said Lance Jacobs, CEO of KSS Retail. “By leveraging the predictive insight of the KSS Retail solution, Haggen’s merchant team will be able to further refine, model and implement pricing and promotions that achieve its goals for delivering an exceptional customer experience.”
KSS Retail provides the leading in-house price optimization solution that allows price modeling to be used on the front-lines of merchandising, where pricing and promotional decisions are made.
About Haggen
Haggen, Inc. operates 33 supermarkets in Washington and Oregon under the Haggen Food and Pharmacy, TOP Food and Drug and Larry’s Market names. Headquartered in Bellingham, it is the largest independent grocer and seventh-largest private company based in the State of Washington. For more information, visit www.Haggen.com.
About KSS Retail
KSS Retail, formerly known as Knowledge Support Systems or KSS, is the leading provider of in-house price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS grocery pricing software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact: Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Raley’s Selects KSS Retail for Price Optimization and Demand Modeling
December 6, 2007
KSS Retail, a global leader in retail price optimization and demand modeling solutions, announced today that Raley’s Supermarkets, based in West Sacramento, Calif., has selected KSS Retail as its price optimization solution for regular and promotional pricing.
Raley’s, a privately held, family owned supermarket chain, operates more than 130 stores across Northern California and Nevada. Raley’s will leverage the On-Demand performance of KSS Retail to offer its pricing and merchandising team with a predictive modeling solution that provides future insight, today, into pricing and promotional decisions.
“After a comprehensive evaluation of the optimization solutions available in the market, we chose KSS Retail because of their knowledge of the grocery industry, intuitive nature of the software, and the remarkable success that their customers have had using the KSS Retail optimization tool,” said Joel Barton, Senior Vice President, sales and merchandising of Raley’s. “We are focused on providing our customers with the best value possible and we see KSS Retail as instrumental in helping us achieve this goal. After spending time with several KSS Retail customers, it became evident they were the best choice for us to address this business area.”
“Raley’s is a superb operator that is focused on delivering real value for their customers,” said Lance Jacobs, CEO of KSS Retail. “The predictive insight they gain into their pricing and promotional decisions will provide them the ability to align their merchandising tactics with consumer demand. This capability allows Raley’s to ensure that their customers are provided the value they have come to expect.”
KSS Retail provides an advanced pricing solution that leverages historical point of sale data to accurately model and forecast consumer reaction to pricing, allowing retailers the ability to optimize value for their consumers. KSS has been providing scientific-based intelligent pricing solutions since 1993 and currently has retail customers in more than 12 countries using its predictive modeling and optimization solutions.
About Raley’s
Raley’s Family of Fine Stores is a privately-owned supermarket chain with headquarters in West Sacramento, CA. The $3.5 billion company operates 130 stores in Northern California and Nevada. In addition to its flagship Raley’s Superstores, the company operates Bel Air Markets, Nob Hill Foods and Food Source. Readers of Consumer Reports Magazine named Raley’s the Number 1 supermarket chain in the nation three consecutive times, in 1997, 2000 and 2003. Founded during the Depression by Thomas Porter Raley, the company is now owned by his daughter, Joyce Raley Teel.
Industry Science Veteran Joins KSS Retail as Chief Science Officer
November 29, 2007
KSS Retail, a global leader in price optimization solutions, announced today that Dr. Paul Helman has joined the company as Chief Science Officer. Dr. Helman has previously worked on optimization and data mining solutions for Procter and Gamble, and retail clients including: Food Lion, Walmart, Safeway, Meijer, Albertsons and HEB. Dr. Helman has an academic career of more than 25 years and is a Professor Emeritus of Computer Science at the University of New Mexico.
“KSS Retail is uniquely positioned in the market with a merchant-friendly solution that puts price modeling and optimization in the hands of the people who make pricing and promotional decisions,” said Dr. Helman, Chief Science Officer of KSS Retail. “I’ve seen many retailers with ‘analysis paralysis’ and I am excited to join a company that has figured out how to provide a merchant with the right information at the right time.”
“Dr. Helman has an extraordinary background in both optimization science and computer science”, said Lance Jacobs, CEO of KSS Retail. “Our ability to empower the merchant with predictive insight on pricing and promotions will be further enhanced with the addition of Dr. Helman to our Science Team.”
Dr. Helman’s research into solutions for the retail food industry includes the development of mathematical algorithms for:
- Promotion optimization: Optimizing the mix of items in an offer list and optimizing the set of consumers to receive an offer list mailing.
- Clustering: Clustering consumers by buying habits (e.g., cherry pickers, high-valued consumers), baskets by types (e.g., tonight’s dinner, monthly stock-up), and stores by similarity.
- Basket behavior: Discovering statistical patterns of item affinities and of items that drive high-value baskets; identifying the sequences of purchases as consumers walk the aisles in a store.
- Consumer reactions to out-of-stocks: Analyzing what a consumer does when confronted with a stock out, i.e. substitute, delay, or no-purchase.
Dr Helman’s academic work has also included extensive research into the theory of optimization and bio-computing, and he has worked extensively over the past 5 years on the development of real-time out of stock alerts for retailers.
About KSS
KSS Retail, formerly known as Knowledge Support Systems or KSS, is the leading provider of in-house price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS grocery pricing software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact: Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Brookshire Brothers Grocery awards KSS Retail with “Marketing Vendor of the Year” Award
November 1, 2007
KSS Retail, a global leader in price optimization solutions, announced today that Brookshire Brothers Grocery has recognized KSS Retail as its “Marketing Vendor of the Year”.
This award, presented annually, is given by Brookshire Brothers to its top vendor for outstanding contributions and positive impact on Brookshire Brothers business. Past winners have included Coca Cola, Miller Brewing, Frito Lay and Gatorade, and this is the first time the award has been presented to a technology company. Brookshire Brothers uses the KSS Retail price optimization solution for regular and promotional pricing, and has been able to capture significant financial results. Brookshire Brothers is headquartered in Lufkin, Texas, and operates more than 70 stores throughout east Texas.
“The KSS Retail team has been great to work with and using its price optimization solution, we have realized more than double the return we were expecting,” said Kevin Flanagan, vice president of marketing at Brookshire Brothers. “Our goal is to provide value for our customers, and KSS Retail has become an invaluable merchant tool for achieving this.”
“We are truly honored by this recognition from Brookshire Brothers and extremely privileged to have the opportunity to work with such a strong organization,” said Lance Jacobs, ceo of KSS Retail. “Their ability to compete successfully in such a competitive market speaks volumes to their consumer focus, merchandising savvy and executive leadership. We look forward to our continued partnership with Brookshire Brothers as it strives for ever-higher levels of merchandising excellence.”
About Brookshire Brothers
Located in Lufkin, Texas, Brookshire Brothers was founded in 1921 and currently operates over 70 locations throughout East Texas. Known for its superior customer service and quality products, the company’s mission is to build sound equity in the company by creating loyal employees which results in satisfied customers. Brookshire Brothers maintains its own distribution center and is also one of the leading retail distributors of Conoco branded gasoline.
About KSS
KSS Retail, formerly known as Knowledge Support Systems or KSS, is the leading provider of in-house price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS grocery pricing software to model and optimize in-store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work-flow of a merchant. For more information, visit www.KSSRetail.com, or contact: Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Retalix, KSS Retail and Willard Bishop to Provide Grocers a Comprehensive Solution for Price Management
October 25, 2007
Retalix® (Nasdaq: RTLX), a global provider of software solutions for retailers and distributors, today announced a partnership with KSS Retail and Willard Bishop, LLC to provide grocers with a “holistic” price management offering, which includes the creation of an overall pricing strategy, the execution and analysis of price management, and a science-based price optimization system.
The companies will combine a range of strategic consulting offerings and advanced technology solutions to help grocers execute effective price management programs that include:
- Price Strategy Development conducted by Willard Bishop, a solution that is tailored to a retailer’s unique competitive environment and designed to enhance price image, while driving sales and sustainable profits.
- Price Strategy Execution and Analysis via Retalix HQ/Store software, Retalix’s central and store-level rules-based item pricing and inventory management solution, which controls, automates and analyzes store pricing strategies.
- Price Optimization using KSS Retail’s PriceStrat product that leverages proven scientific algorithms to generate optimized regular and promotional prices. The system uses product elasticity, cannibalism and affinity cross-effects combined with mathematical relationships and business rules.
“We forged this partnership to better respond to the industry’s requirement to establish and manage prices on an end-to-end basis. Grocers operate in extremely competitive environments where every penny counts, and this holistic approach to the price lifecycle process will enable retailers of all sizes to realize incremental gross profit dollars without sacrificing sales,” said Ray Carlin, executive vice president for Retalix USA. “Grocers now have a comprehensive price management solution that helps them develop a sound strategy and execute on that strategy through automation, optimization and integration.”
As a second phase, StoreNext Retail Technologies, a Retalix subsidiary, will offer this integrated approach via its hosted Connected Services program..
“Pricing strategy continues to have a huge impact on grocers, and retailers now have to rethink their strategy around supplier price increases, stiff competition and other industry pressures,” said Jon Hauptman, partner at Barrington, Ill.-based Willard Bishop, LLC. “This alliance will give grocers a unique chance to incorporate the development of pricing strategies into their technology purchases, so that they can fully realize the benefits of technology and be even more competitive in the marketplace.”
“The combined competencies of Retalix, Willard Bishop and KSS Retail provide our customers with a truly holistic approach to pricing, ranging from strategy to optimization to execution,” said Lance Jacobs, chief executive officer of KSS Retail. “We are excited to partner with these market leaders and provide solutions to retailers that strengthen their competitive position, drive significant additional profitability and ensure execution to strategy.”
About Willard Bishop
Willard Bishop is a consulting firm working with retail and foodservice companies to solve business problems and identify opportunities to drive profitable growth. For more than 30 years, the company has helped clients in the United States, Canada, Europe, Asia and Latin America implement go-to-market strategies that improve both top-line sales and bottom-line profits. They do this by going beyond research to develop strategic implications and actionable recommendations for their clients. Web site: www.willardbishop.com.
About Retalix
Retalix is an independent provider of software solutions to retailers and distributors worldwide. With over 40,000 sites installed across more than 50 countries, Retalix solutions serve the needs of grocery chains, convenience and fuel retailers, food and consumer goods distributors and independent grocers. The Company offers a portfolio of software applications that automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. Retalix develops and supports its software through 1,500 employees in its various subsidiaries and offices worldwide. The company’s International headquarters are located in Ra’anana, Israel, and its American headquarters are located in Dallas, Texas. For more information about Retalix, please visit www.retalix.com.
Retalix is a registered trademark of Retalix Ltd. in the United States and in other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
Safe Harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and U.S. federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Such factors include risks relating to Retalix’s anticipated future financial performance and growth, continued roll-outs with existing customers, continued interest in Retalix’s new platforms, the perception by leading retailers of Retalix’s reputation, the potential benefits to food and fuel retailers and distributors, expansion into new geographic markets, and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including Retalix’s Annual Report on Form 20-F for the year ended December 31, 2006, for a discussion of these and other important risk factors. Retalix undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
ABC Fine Wine and Spirits selects KSS Retail for price optimization
October 18, 2007
KSS Retail, a global leader in price optimization solutions, announced today that ABC Fine Wine and Spirits, the country’s largest privately owned fine wine and spirits merchant has selected KSS Retail as its solution provider for regular and promotional price optimization.
ABC Fine Wine and Spirits is headquartered in Orlando, Florida, and owns 150 stores located throughout Florida. ABC will use the KSS Retail software to model, evaluate and optimize regular and promotional pricing.
“Our mission at ABC is to deliver the best service, best selection, and best price,” said Bob Gibson, ABC Director of Marketing. “KSS Retail optimization will provide the tools we need to understand, analyze, and implement pricing strategies to help us better fulfill this mission.”
“KSS Retail is focused on providing our clients with the ability to accurately and quickly forecast, model and optimize pricing and promotional decisions,” said Lance Jacobs, Chief Executive Officer at KSS Retail. “ABC Fine Wine and Spirits has established its leadership position by focusing on customers and exceeding their expectations. The KSS Retail optimization solution will support their mission to provide consistent customer value while simultaneously enhancing financial performance.“ KSS Retail provides merchants the ability to model and optimize regular and promotional pricing as part of an integrated, in-house solution.
About ABC Fine Wine and Spirits
ABC Fine Wine and Spirits is the country’s largest privately owned fine wine and spirits merchant with 150 stores (covering the peninsula of Florida from Tallahassee to Miami) and 1500 employees. The company is headquartered in Orlando, Florida, with executive offices adjacent to a 150,000 square-foot distribution center, including climate controlled space for wine and cigars. ABC retail stores average 10,000 square feet and often include walk-in cigar humidors, temperature-controlled wine cellars, and massive cold space for imported and micro brewed beers.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com
Yoke’s Fresh Markets Selects KSS for Price Optimization
August 8, 2007
KSS, a global leader in retail price optimization solutions, announced today that Yoke’s Fresh Markets has selected KSS PriceStrat as its price modeling and optimization solution. Yoke’s Fresh Markets, headquartered in Spokane, Wash., will use KSS PriceStrat to model and optimize regular and promotional pricing across all of its stores.
KSS PriceStrat is an advanced pricing solution that leverages historical point of sale data to accurately model and forecast consumer reaction to pricing, allowing retailers the ability to optimize value for their consumers. KSS has been providing intelligent pricing solutions since 1993 and currently has retail customers in more than 12 countries using its predictive modeling and optimization solutions.
“We strive to deliver the best value for our customers and after an extensive evaluation of customer-demand pricing tools to support this fundamental strategy, selected KSS,” said Joe Hanson, Vice President of Operations at Yoke’s. “By using KSS PriceStrat, we will have advanced insight into our pricing and promotional decisions and will be able to ensure that we are priced right, on the right items, for our customers. It is important for us to have a fast, interactive tool that allows us to model, forecast and optimize our regular and weekly promotional pricing, and KSS met all of our goals.”
Lance Jacobs, Chief Executive Officer of KSS’ Retail Division, said Yoke’s Supermarkets exemplifies the typical grocery retailer, which must be able to quickly propose, model, evaluate, and fine tune their pricing strategies and tactics. “Yoke’s Fresh Market will be able to leverage this advanced consumer insight from KSS PriceStrat to maximize the value they deliver to their consumers. Our retail customers are seeing both improved price image while gaining tremendous financial returns from KSS PriceStrat. We are confident that Yoke’s will experience the same.”
About Yoke’s Fresh Markets
Yoke’s Fresh Markets was founded in 1946 by Marshall and Harriet Yoke. As an employee-owned company based in Spokane, Wash., Yoke’s focuses on delivering consumers the freshest quality products found anywhere this side of the farm. Yoke’s Fresh Markets feature tender, juicy Yoke’s Pride Certified Hereford Beef, scratch-made breads and baked goods, a remarkable wine selection, and aisles of favorite brand items.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Ball’s Food Stores Goes Live with KSS Price Optimization
May 2, 2007
KSS, a global leader in retail price optimization announced today that Ball’s Food Stores, operator of 28 Hen House and Ball’s Price Chopper grocery stores, has gone live with price optimization. Using the KSS PriceStrat solution for retail price modeling and optimization, Ball’s Food Stores is reviewing and optimizing pricing in key categories. Ball’s is currently modeling and executing the first cycle of pricing, after implementing in less than 14 weeks.
Ball’s Food Stores was founded in 1923 by Sidney and Mollie Ball and currently operates stores under the Price Chopper and Hen House banners. KSS PriceStrat is providing them with the ability to accurately model and evaluate the effects of regular and promotional prices, On-Demand.
“KSS has been able to quickly deploy price optimization inside of our operations and we are intent on using the KSS PriceStrat optimization solution to ensure that we are offering value to our consumers,” said Mike Beal, Chief Financial Officer of Ball’s Food Stores.
“Ball’s Food Stores has progressed quickly in deploying optimization and has now begun the process of reviewing their key categories to ensure that they are able to reach their financial objectives. KSS PriceStrat is providing them insight into how customers perceive their pricing and promotions, providing them the ability to improve their competitive positioning in the market,” said Lance Jacobs, Chief Executive Officer of KSS’ retail division.
KSS PriceStrat provides regular and promotional price modeling and optimization, On-Demand as part of an integrated solution. Leveraging more than 13 years of data modeling experience, KSS provides optimization solutions to retailers around the world for store and fuel center pricing. KSS will be demonstrating the benefits of Price Optimization at the upcoming FMI (Food Marketing Institute) show in Chicago, May 6-8, in booth # 652.
About Ball’s
Ball’s Food Stores—a member of Associated Wholesale Grocers, Inc,—operates 30 supermarkets in the Kansas City area under the Hen House Markets and Ball’s Price Chopper banners. Hen House Markets are upscale, service-oriented establishments, while Price Chopper is the company’s price-impact supermarket format. Ball’s Food Stores is a leader in the Kansas City market and is currently taking steps to increase efficiencies and compete more effectively in their marketplace. Founded in 1923 by Sidney and Mollie Ball, the grocery company is run by their son, Chairman Fred Ball, and grandson, President David Ball.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com
Retailers have Price Optimization Options
March 16, 2007
From “Top of the Net”, a weekly news analysis service from Retail Systems Alert Group.
By Paula Rosenblum, VP of Research and Content, RSAG
We could have written about acquisitions this week. Truth is, we could write about a merger, acquisition or industry consolidation just about every week. But this week, we decided to be different. We thought it’d be refreshing to talk about an independent software vendor who is growing its product and business, and providing a best of breed alternative for retailers. This week, we’re going to provide an update on KSS, an independent software company providing price and promotion optimization solutions for fast moving consumer goods and fuel retailers.
Price and promotion optimization remain critical agenda items for retailers, and in fact, are bordering on “must have” solutions. They provide very rapid return on investment, and are fundamentally non-intrusive to the existing technology infrastructure. With the purchase of Khimetrics by SAP and ProfitLogic by Oracle, very few “pure play” price optimization companies remain. Certainly SAS has built out its price, promotion and markdown optimization programs as part of its overarching suite. We’ll cover SAS’s rich solution set in a future Top of the Net story. Demandtec remains a formidable competitor as well. Also independent, still closing deals, with attractive partnerships, Demandtec is an interesting choice for retailers looking for a pricing point solution. But KSS has not gotten nearly as much airplay while they have quietly built out their application and closed deals in the US and around the world.
Two recent customer wins:
- Selected by Gigante, one of Mexico’s largest Supermarket chains for price and promotion modeling, optimization, and forecasting.
- Selected by Kansas City grocer Cosentino’s for price and promotion optimization
KSS has strategic partnerships with both Microsoft and SAP and is a certified NetWeaver application. Its application’s other differentiating factor is its ability to be deployed easily behind a company’s firewall, rather than run as a hosted service.
KSS has come a long way in the past five years. Its integration with the Netweaver platform gives it a leg-up into SAP shops. The company is a good example that shows innovation is alive and well in retail technology, even as mergers and acquisitions seem to take center stage. If you’re feeling a need to put some science behind your pricing strategy, the application is certainly worth a look.
Copyright © 2006 Retail Systems B2B LLC. Retail Systems Alert Group is a tradename of Retail Systems B2B LLC. All Rights Reserved.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Kansas City Grocer Cosentino’s Food Stores Selects KSS for Price Optimization
February 21, 2007
KSS, a global leader in retail price optimization solutions, announced today that Cosentino’s Food Stores, operator of Apple Markets, Sun Fresh and Price Chopper stores in the Kansas City area, has selected KSS PriceStrat for price and promotion optimization.
Cosentino’s will use KSS PriceStrat as an in-house solution to model, refine and understand the impact of pricing and promotional decisions, before they are implemented. KSS PriceStrat leverages more than a decade of price modeling expertise and experience using an intuitive, desktop interface that provides merchants with the ability to create and model multiple, complex pricing scenarios, in only seconds.
“The benefits of price optimization are becoming well known within the grocery industry”, said Dennis Reilly, Chief Financial Officer of Cosentino’s. “By having KSS PriceStrat as an integral part of our pricing plan, we will have insight into the effects of tomorrow’s prices and promotions, today. This insight will allow us to continue to provide our customers with the value they have come to expect from our stores.”
“Today’s grocer, more than ever, is facing extremely competitive and changing market conditions,” said Lance Jacobs, Chief Executive Officer of KSS’ retail division. “Our PriceStrat solution provides merchandisers and category managers with a fast, intuitive application that truly empowers their pricing and promotional decisions. Cosentino’s strives to deliver exceptional customer value and we are excited to be working with them to achieve this goal.”
About Cosentino’s
Since 1948, Cosentino’s Food Stores has been family owned and operated. In 1948, Cosentino’s started as a single store operation and has grown to be one of the largest ownership groups in the Kansas City area, with stores operating under the banners of Price Chopper, Apple Market and Sun Fresh.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Gigante Supermarket Chain Selects KSS for Price and Promotion Optimization
January 11, 2007
KSS, a global leader in retail price optimization solutions, announced today that the Gigante Supermarket chain, one of Mexico’s largest supermarket operators, with more than 200 retail food outlets, has selected KSS PriceStrat for price and promotion optimization. Gigante operates supermarkets with four primary store formats: Gigante, Bodega Gigante, Super Gigante and SuperPrecio.
Gigante will use KSS PriceStrat for both regular and promotional price modeling, optimization and forecasting. KSS PriceStrat provides merchants with a desktop application that accurately models the impact of pricing and promotional decisions and their effect on category and cross category sales and profits.
“Price optimization and forecasting are something that will add tremendous value to our operations,” said Alejandro Ahuad, commercial director of Gigante. “After investigating several optimization vendors, we decided KSS PriceStrat will best provide our merchandising team with the ability to accurately forecast and evaluate the effects of our pricing and promotional decisions, before we implement them. This unique insight will allow us to work more closely with our suppliers to make sure we are delivering strong value to our consumers while achieving our company’s financial goals.”
“Gigante is a true innovator in the grocery market and we are excited to bring the value of Price Modeling and Optimization to this organization,” said Lance Jacobs, Chief Executive Officer of the KSS retail division. “It is very empowering for a merchant when they can have a view of tomorrow, today. KSS PriceStrat will provide their merchandising team with the ability to propose, forecast, evaluate and refine their pricing and promotional plans using a fast, intuitive application. Gigante strives to deliver exceptional value to their consumers and we look forward to working with them to support this.”
KSS will be demonstrating their pricing solutions at the upcoming NRF show in New York City, January 14-16th, in booth #3013. KSS PriceStrat provides integrated regular and promotional price modelling, optimization and forecasting for store pricing, On-Demand. KSS PriceNet provides fuel price management and optimization and is currently used by some of the world’s largest fuel retailers.
About Gigante
With over 600 units in Mexico, “Grupo Gigante, S.A. de C.V.”, is a public Mexican trade company which operates in the Mexican Stock Market (“Bolsa Mexicana de Valores”) under the ticker symbol: “Gigante*”, and through its subsidiaries, has developed leading chains of supermarkets, family restaurants, and specialized commerce, for 43 years. Its subsidiaries include “Gigante”, which contains formats including: “Gigante” (Hypermarkets), “Super Gigante” (Supermarkets), “Super Maz” and “Bodega” (Warehouses), all of them supermarket chains, as well as “Cafeterías Toks, S.A. de C.V.”, a specialized family restaurant chain. With its partners, Grupo Gigante has also established joint-ventures, developing “Office Depot de México, S.A. de C.V.”, a Mexican leader chain store of office and school supplies, and “Radio Shack de México, S.A. de C.V.”, an exclusive format with presence throughout the Mexican Republic, that offers a wide assortment of electronic equipment and accessories.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
KSS PriceStrat takes top honours at Microsoft Retail Awards
January 3, 2007
KSS, a global leader in retail price optimisation solutions, announced today that Microsoft has awarded the KSS PriceStrat Price Optimisation solution with the EMEA Retail Application Development (RAD) award, in the Business Insight category. Microsoft presented KSS with the award on Feb 27th at the RAD award ceremony at the CCD Congress Center in Düsseldorf, Germany.
The awards, which attracted entries from all over the EMEA region including Belgium, France, Israel, South Africa, Sweden, Turkey and the UK, are designed to reward independent software vendors (ISVs) and retailer IT departments that can successfully demonstrate innovation and excellence by delivering business value using Microsoft® technologies in the retail sector. This year’s panel of judges was made up of some of the leading figures from the European retail industry: Païvi Hokkanen (Stockmann, Finland), Hansjoerg Bausch (Kaufhof, Germany), Neil Ashworth (Tesco.com, UK), Martin White (Primark, Ireland) and Michael Gerling (EHI Retail Institute, Germany).
“We are excited to receive this prestigious honour from Microsoft in recognition of our PriceStrat solution,” said Mark Hawtin, KSS VP of Business Development. “PriceStrat, built on the .Net platform, provides retailers around the world with the ability to accurately model and forecast the effects of pricing and promotions decisions, before they are implemented. The business insight that this solution brings to our customers allows them to consistently develop and execute the optimum mix of prices and promotions that satisfy their customers needs and generate desired performance across the store.”
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
Ball’s Food Stores Selects KSS for Retail Price Optimization
December 12, 2006
KSS, a global leader in retail price optimization solutions, announced today that Ball’s Food Stores, operator of 30 Hen House, and Ball’s Price Chopper grocery stores, has selected the KSS PriceStrat solution for retail price modeling and optimization. KSS currently has price optimization customers in 12 countries with more than 22,000 retail sites.
Ball’s Food Stores was founded in 1923 by Sidney and Mollie Ball and currently operates stores under the Ball’s, Price Chopper and Hen House banners. Ball’s will use KSS PriceStrat to optimize regular and promotional pricing to ensure that it provides strong value to its customers. KSS PriceStrat provides the ability to accurately model and evaluate the effects of regular and promotional pricing, real-time, On-Demand, thanks to PriceStrat’s self-learning models and on-site installation.
“KSS provides us with the ability to model and understand the impact of our pricing and promotional decisions, before we implement them,” said Mike Beal, Vice President and Chief Financial Officer at Ball’s Food Stores. “Because KSS PriceStrat is a fast, intuitive solution, our merchandisers and pricing analysts will be able to use it in their daily work flow to empower their pricing and promotional decisions.”
“Ball’s Food Stores is a great operator and knows how to leverage technology to provide a superior customer shopping experience,” said Lance Jacobs, Chief Executive Officer of KSS’ retail division. “KSS’ PriceStrat is designed to be used on the front lines by merchants and pricing analysts, and will enable Ball’s to incorporate price modeling and optimization into their daily lives. We are privileged to be working with Ball’s Food Stores and look forward to collaborating with them in producing tremendous benefits for their organization.”
KSS PriceStrat provides regular and promotional price modeling and optimization, On-Demand, as part of an integrated solution. Leveraging more than 13 years of data modeling experience, KSS provides optimization solutions to retailers around the world for store and fuel center pricing.
About Ball’s
Ball’s Food Stores—a member of Associated Wholesale Grocers, Inc, - operates 30 supermarkets in the Kansas City area under the Hen House Markets and Ball’s Price Chopper banners. Hen House Markets are upscale, service-oriented establishments, while Price Chopper is the company’s price-impact supermarket format. Ball’s Food Stores is a leader in the Kansas City market and is currently taking steps to increase efficiencies and compete more effectively in their marketplace. Founded in 1923 by Sidney and Mollie Ball, the grocery company is run by their son, Chairman Fred Ball, and grandson, President David Ball.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.
KSS to Present On Price Optimization at Retail Pricing Summit in Chicago on October 11, 2006
October 5, 2006
KSS, a global leader in retail pricing automation and optimization solutions, announced today that Bob Phinney, VP of Strategic Pricing at KSS, will present at the upcoming Eye4Retail Retail Pricing Summit in Chicago. The Retail Pricing Summit is a two day conference; October 11-12 that attracts leading retailers and industry experts in the field of pricing. Phinney will present a case study on leveraging price optimization to improve competitive positioning. The presentation will give insight into how KSS customers are using the KSS PriceStrat price optimization solution to increase category margins while also improving competitive positioning. KSS PriceStrat provides price modeling and optimization for regular and promotional pricing, as well as cross category effects.
“To fully take advantage of price optimization, you must have the ability to model multiple scenarios and get answers quickly,” said Phinney of KSS. “Because the KSS PriceStrat solution sits inside your company as a retailer, you are able to integrate it you’re your daily workflow. This allows you to leverage the science with your merchandising experience to make improved pricing and promotional decisions. At the Retail Pricing Summit, we will discuss how KSS customers are able to model entire categories very quickly and improve both margins and competitive positioning.”
KSS PriceStrat provides price modeling and optimization for fast moving consumer goods within the grocery, convenience, drug, mass and general retail sectors. As an in-house solution, KSS PriceStrat provides Price Optimization, On-Demand. Leveraging the KSS demand models, PriceStrat is able to manage, model, forecast and execute both regular and promotional pricing.
About KSS
KSS Retail is a leading supplier of comprehensive pricing intelligence, optimization and execution solutions to the grocery, convenience retail, chain drug and mass retail industries. Retail merchants use KSS Retail software to model and optimize in-store prices for regular and promotional pricing. KSS Retail is available as an on-site, fully integrated system.
For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733-0465, or at Lyle.Walker@KSSRetail.com.
For media inquiries, contact Roy G. Miller at (903) 422-5117, or at rmiller@rgmcomms.com.