Eurovestech PLC
03 December 2007
3 December 2007
Eurovestech plc ('Eurovestech')
KSS Retail
Contract Win
Eurovestech is pleased to announce that its wholly owned subsidiary KSS Retail
Limited ('KSS Retail'), a leading supplier of science-based pricing
intelligence, optimisation and modelling solutions to the grocery, convenience
retail, chain drug and mass retail industries has secured its largest contract
win to date.
Raley's, a privately held, family owned supermarket chain, operating over 130
stores across Northern California and Nevada has selected KSS Retail to provide
them with price optimisation and modelling solutions.
Joel Barton, Senior Vice President Sales and Merchandising of Raley's commented:
'After a comprehensive evaluation of the optimisation solutions available in the
market, we chose KSS Retail because of their knowledge of the grocery industry,
intuitive nature of the software, and the remarkable success that their
customers have had using the KSS Retail optimisation tool. We are focused on
providing our customers with the best value possible and we see KSS Retail as
instrumental in helping us achieve this goal. After spending time with several
KSS Retail customers, it became evident they were the best choice for us to
address this business area.'
Richard Bernstein, Chief Executive of Eurovestech, commented: 'This is an
important customer win. Raley's decision to select KSS Retail demonstrates that
in its market, it offers customers the best available solution.'
'Raley's is a superb operator that is focused on delivering real value for their
customers,' said Lance Jacobs, CEO of KSS Retail. 'The predictive insight they
gain into their pricing and promotional decisions will provide them the ability
to align their merchandising tactics with consumer demand. This capability
allows Raley's to ensure that their customers are provided the value they have
come to expect.'
KSS Retail provides an advanced pricing solution that leverages historical point
of sale data to accurately model and forecast consumer reaction to pricing,
allowing retailers the ability to optimise value for their consumers. KSS has
been providing scientific-based intelligent pricing solutions since 1993 and
currently has retail customers in more than 12 countries using its predictive
modelling and optimisation solutions.
Further information:
Eurovestech plc Tel: 020 7491 0770
Richard Bernstein
Chief Executive
John East & Partners Limited Tel: 020 7628 2200
Simon Clements
About Raley's
Raley's Family of Fine Stores is a privately-owned supermarket chain with
headquarters in West Sacramento, CA. The $3.5 billion company operates 130
stores in Northern California and Nevada. In addition to its flagship Raley's
Superstores, the company operates Bel Air Markets, Nob Hill Foods and Food
Source. Readers of Consumer Reports Magazine named Raley's the Number 1
supermarket chain in the nation three consecutive times, in 1997, 2000 and 2003.
Founded during the Depression by Thomas Porter Raley, the company is now owned
by his daughter, Joyce Raley Teel.
About KSS Retail
KSS Retail is a leading supplier of comprehensive pricing intelligence,
optimisation and modelling solutions to the grocery, convenience retail, chain
drug, mass and general retail industries. Retailers use KSS Retail software to
model and optimise in-store pricing for regular and promotional pricing. KSS
Retail is available as an on-site, fully integrated system.
This information is provided by RNS
The company news service from the London Stock Exchange
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