FLORHAM PARK, N.J. -- KSS announced yesterday that Circle K Stores, a subsidiary of Alimentation Couche-Tard, has selected the KSS PriceNet solution to automate its fuel pump pricing process. 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.
The KSS PriceNet solution will allow Circle K to automate the fuel pricing process, said Bob Stein, CEO of KSS Fuels Division. Utilizing KSS PriceNet, Circle K will be able to react quickly to changing [image-nocss] market conditions to ensure that they are 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 the store and fuel center, as well as the inter-relationships of these purchases.
KSS is a supplier of comprehensive pricing intelligence, optimization and execution solutions to the convenience retail, grocery, chain drug and petroleum industries, helping retailers manage in excess of $50 billion annual revenue from over 15,000 outlets. Retailers use KSS solutions to add discipline to the pricing process, help make better-informed pricing and promotional decisions and implement decisions more efficiently, driving more profit to the bottom-line. KSS software is available as an on-site, fully integrated system configured by experienced consultants from U.S. headquarters in Florham Park, N.J., and European headquarters in Manchester, UK.Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.