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August 14, 2006

 

Circle K Stores selects KSS for fuel price automation

 

Largest subsidiary of Alimentation Couche-Tard to use KSS PriceNet to set daily fuel pump prices

 

FLORHAM PARK, N.J.–Aug. 14, 2006–KSS, the global leader in fuel pricing automation and optimization solutions, announced today that Circle K Stores, a subsidiary of Alimentation Couche-Tard, has selected the KSS PriceNet solution to automate the chain’s fuel pump pricing process. Terms were not disclosed.

Circle K, with more than 2,100 sites across the United States, will use KSS PriceNet to ensure that its fuel prices are strategically appropriate at all locations. KSS is the leading provider of store and fuel center price optimization solutions to the convenience, grocery and drug store industries.

“The KSS PriceNet solution will allow Circle K to automate the fuel pricing process,” said Bob Stein, Chief Executive Officer of KSS’ fuels division. “Using KSS PriceNet, Circle K will be able to react quickly to changing market conditions to ensure that it is delivering
consistent value to their consumers.”

KSS PriceNet is an intelligent fuel price management system with the ability to accurately track volume and competitive price moves in the market and manage fuel pump pricing, by grade of fuel and by location. Using the KSS library of consumer demand models, KSS PriceNet provides the basis for understanding and forecasting consumer fuel demand across each store and fuel center, as well as the inter-relationships of these purchases.


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About KSS


KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing a total of over $100 billion in revenue through more than 20,000 fuel sites and rack terminals, throughout the world. KSS US headquarters are located in Florham Park, NJ with European headquarters in Manchester, UK.

For further information please visit the website at www.kssg.com or contact:

Bob Stein, Chief Executive Officer Tel: +1 (973) 549 1850
Mark Hawtin, Vice President Marketing Tel: +44 (0)161 228 0040

For media inquiries, contact Roy Miller Tel: +1 972 717 3500 ext 235 or rmiller@transsynergy.com


   

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