October 24, 2006
Wallis Companies selects KSS for price automation and optimization, 40 Convenience stores using KSS PriceNet for fuel pricing
Florham Park, N.J.–Oct. 24, 2006– KSS, a global leader in retail and fuel pricing automation and optimization solutions, announced today that Wallis Companies has selected KSS PriceNet to automate and optimize its daily fuel-pricing process.
Wallis Companies was established in 1968 and today is one of the leading gasoline distributors in the Midwest, operating 40 convenience stores, and servicing more than 160 dealer locations, under the Mobil, BP, and Phillips brands. Wallis Companies is also comprised of a full-line lubricant company, car wash equipment and chemical company, and transportation company.
“KSS PriceNet will allow us to automate the manual tasks involved in daily fuel pricing, as well as optimize pricing, by modeling competitive impact on our volume and margins,” said Mark Martinovich, Chief Operating Officer of Wallis Companies. “We expect to capture the same benefits that many of the larger chains have realized with PriceNet, which helps us deliver strong value to our customers.”
“We are pleased to be working with Wallis Companies and look forward to helping them capture the tremendous benefits of KSS PriceNet,” said Bob Stein, Chief Executive Officer of KSS’ fuels division. “Pricing volatility, government regulations, intense competitive pressures, all of these concerns are efficiently managed within KSS PriceNet. We are confident that Wallis will experience a tremendous ROI with KSS PriceNet.”
KSS PriceNet is available as an on-site, fully integrated pricing system designed to add discipline to the pricing process and help operators make better informed pricing decisions. KSS PriceNet organizes and analyzes all of the relevant pricing and market data, and provides dynamic pricing rules with an industry best-practice workflow and process to control all pricing activities. KSS PriceNet uses KSS’ leading demand modeling and optimization technology to allow operators to set prices by taking into account the individual competitive and demand dynamics for each grade of fuel, at each site.
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About Wallis Companies
Wallis Companies was established in 1968 and today is one of the leading gasoline distributors in the Midwest, operating 40 convenience stores, and servicing more than 160 dealer locations. Wallis Companies currently distributes gasoline under the major brand names of Mobil, BP,, and Phillips in eastern Missouri and southern Illinois. Wallis Companies is also comprised of a full-line lubricant company, car wash equipment and chemical company, and transportation company. Wallis Companies is the Regional Franchise Developer for ExxonMobil’s On the Run convenience store format in Missouri.
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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