Stop & Shop Selects KSS Fuels
Northeastern grocery chain uses PriceNet to optimize fuel prices
Published in CSP Daily News
QUINCY, Mass. -- Stop & Shop Supermarket Co. has selected a suite of products from KSS Fuels to provide day-to-day fuel price management and optimization for 70 of its retail locations that offer fuel. Stop & Shop will use PriceNet and PriceNet Mobile for a fully integrated fuel price management offering.
"We are pleased that Stop & Shop now will be utilizing PriceNet to support the consistent delivery of their pricing strategy and to help them establish a highly efficient and responsive fuels pricing process to strengthen their competitive position," said Bob [image-nocss] Stein, president and CEO of KSS Fuels.
Mark McGowan, division president of Stop & Shop New England, said, "PriceNet will help us react more rapidly to local market events and ensure we can continue to offer our customers great prices. We will also be able to monitor performance at all our stores and act quickly in the event of any issues."
Stein added, "We are delighted to be adding the Stop & Shop brand as a new partner. Our PriceNet products will allow Stop & Shop to evaluate pricing at the local site level and make informed pricing decisions rapidly. Our best practices approach to fuel pricing will provide them with the highest level of efficiency around the execution of fuel price changes."
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an "exception-based" approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics. A family of products, PriceNet also includes PriceNet Mobile, which delivers real-time fuels pricing via handheld mobile devices such as PDAs and Blackberrys.
KSS Fuels is a leading global provider of pricing software, analytics and consulting services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and retail industries. Providing "Knowledge beyond the numbers," KSS Fuels helps fuel marketers and distributors implement effective pricing solutions and increase profitability through the use of knowledge and numbers. The company's U.S. headquarters is in Florham Park, N.J., and its international headquarters is in Manchester, U.K.
Quincy, Mass.-based Stop & Shop operates more than 390 stores throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, New York and New Jersey. Stop & Shop is an Ahold company.