During the call, Susser executives made specific mention of KSS [image-nocss] as a contributor to the success of the retailer's fuels business, and noted that they will complete the rollout of PriceNet to the remainder of their network of stores early in the New Year, the tech firm said.
KSS had originally sold and implemented its PriceNet solution to Town & Country, acquired by Susser in 2007. (Click here for previous CSP Daily News coverage of the rollout.)
Sam Susser, president and CEO of the $4.4 billion company, reported "some of the highest fuel margins we've ever seen," despite the turbulent economic environment and high volatility in both street and wholesale prices.
"KSS gives us a tool to analyze daily competitive fuel pricing information from each store location and then provide fuel price recommendations that will help us optimize price and fuel volume relationships at each of our locations," DeSutter added.
KSS is a global 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 more than $175 billion in revenue through 24,000-plus fuel sites and rack terminals throughout the world. KSS' US headquarters are located in Florham Park, N.J., and European headquarters are in Manchester, U.K.
Corpus Christi, Texas-based Susser Holdings is a third-generation, family-led business that currently operates 511 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in 290 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The Company also supplies branded motor fuel to approximately 375 independent dealers through its wholesale fuel division.
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