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Florham Park, NJ – (Apr 18, 2005) – KSS Inc., the leading provider of pricing solutions to the petroleum/convenience, chain drug and grocery sectors, is pleased to announce its largest client commitment to-date for its retail fuels pricing solution, PriceNet. The company believes the commitment will be worth in excess of $3 million dollars over the next 12 months.
“The pressure on margins, brought about by intense price competition and volatile product costs, is forcing organizations of all sizes to evaluate their ability to price more effectively. This commitment acknowledges the tremendous value of the PriceNet system and KSS’ proven track record in servicing in supporting the pricing needs of petroleum retailing organizations. We continue to view the US as a key market for both fuels and merchandise pricing solutions and will focus significant efforts and investment on developing our market position”, commented Iain Cockburn, CEO of KSS.
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