March 27, 2007
On Monday, April 30, KSS will participate in a two hour workshop at NACSTech entitled, “Price Modeling and Optimization: Moving from Concept to Practice”. The session will feature the following speakers:
-Jon Hauptman, Senior Associate from Willard Bishop Consulting
-Lisa Stewart, President of Impact21
-Bob Phinney, VP of Strategic Pricing, KSS
The session will start with a discussion on pricing strategies and what items drive consumers into a c-store. A discussion of pricing fundamentals and price book best practices will then follow. This will then lead into a presentation of price modeling and optimization, and how it is being used in the c-store industry to drive sales and profits. A panel discussion will follow.
“Price optimization provides a retailer with insight that has been unavailable to them before,” said Bob Phinney, VP of Strategic Pricing at KSS. “As a retailer, you are now able to propose a strategy and create, test and refine the tactics, before implementing a single change in a store. This allows you to create the optimum set of prices and promotions to drive sales and profits.”
For more information on this session please visit NACSTech
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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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