PITTSBURGH -- Giant Eagle Inc. has completed the software rollout of KSS Inc.'s PriceNet for fuel price automation and optimization at 105 GetGo convenience store locations.
KSS PriceNet has provided us with the ability to automate and more effectively manage our fuel pricing process, said Dan Pastor, vice president of fuels and convenience at Giant Eagle. We are focused on delivering exceptional value to our customers and KSS PriceNet is helping us achieve this goal.
Giant Eagle, one of the nation's largest food retailers and [image-nocss] food distributors with approximately $6.2 billion in annual sales, is using KSS PriceNet to automate manual fuel pricing tasks.
The KSS PriceNet solution has allowed Giant Eagle to better understand, manage and automate the fuel pricing process, said Bob Stein, CEO of KSS' fuels division. With PriceNet, Giant Eagle is able to react quickly to rapidly changing market conditions to ensure that they are delivering consistent value to their customers.
PriceNet is available as an onsite, fully integrated pricing system designed to add discipline to the pricing process and help operators make better informed pricing decisions. It 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. And it uses KSS' 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.
Giant Eagle, Pittsburgh, has 144 corporate and 72 independently owned and operated supermarkets in addition to more than 100 fuel and convenience stores throughout western Pennsylvania, Ohio, north central West Virginia and Maryland.
In other KSS news, the firm has developed a strategic business alliance with The Pinnacle Corp. KSS and Pinnacle will work together to integrate the KSS PriceStrat and PriceNet price optimization solutions within Pinnacle's retail and fuel management solutions.
By partnering with Pinnacle, we will be able to offer a retailer an end-to-end solution for store-item pricebook management and price optimization, as well as fuel management, fuel price automation and fuel price optimization, said Lyle Walker, vice president of marketing for KSS. Our mutual customers will benefit from an improved workflow that leverages price optimization and automation with their Pinnacle solutions.
PriceStrat provides a merchant with the ability to accurately model, forecast and optimize pricing for everyday and promotional prices within the store. Both solutions leverage the KSS library of consumer demand models.
It's no secret that margins are slimming down and competition for consumers is becoming fierce, said Drew Mize, Pinnacle's vice president of retail solutions. Integrating KSS's products into Pinnacle's solutions base will provide improved efficiencies and turnkey solutions for our clients. We are excited to work with KSS and the PriceStrat and PriceNet solutions.
Arlington, Texas-based Pinnacle provides automation technology to the c-store and petroleum industries. It delivers products that automate the broad spectrum of convenience store operations and supply chain management of fuel operations.
Florham Park, N.J.-based KSS supplies pricing intelligence, optimization and execution solutions to the convenience retail, grocery, chain drug and petroleum industries.
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