Published:
dunnhumby Creates Strategic Alliance with KSS Retail for Pricing Optimization Software
FLORHAM PARK, N.J. - (BUSINESS WIRE) - 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 use 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," said
Simon Hay, chief executive officer 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.
for KSS Retail
Roy G. Miller, 903-422-5117
rmiller@rgmcomms.com
or
for
dunnhumbyUSA
Ann Keeling, 513-381-3248
ann@cristofolikeeling.com
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