Regional Northeastern grocery chain relies on PriceNet to optimize fuel prices.
Stop & Shop Supermarket Co., a food retailer in the Northeast, has selected a suite of KSS Fuels products to provide day-to-day fuel price management and optimization to 70 of its retail locations that offer fuel.
Stop & Shop plans to use PriceNet and PriceNet Mobile for a fully integrated fuel price management offering.
“PriceNet will help us react more rapidly to local market events and ensure we can continue to offer our customers great prices. We will also be able to monitor performance at all our stores and act quickly in the event of any issues,” said Mark McGowan, division president of Stop & Shop New England.
“We are pleased that Stop & Shop now will be utilizing PriceNet to support the consistent delivery of their pricing strategy and to help them establish a highly efficient and responsive fuels pricing process to strengthen their competitive position,” said Bob Stein, president and CEO of KSS Fuels. “We are delighted to be adding the Stop & Shop brand as a new partner. Our PriceNet products will allow Stop & Shop to evaluate pricing at the local site level and make informed pricing decisions rapidly. Our best practices approach to fuel pricing will provide them with the highest level of efficiency around the execution of fuel price changes.”
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an ‘exception-based’ approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics. A family of products, PriceNet also includes PriceNet Mobile, which delivers real-time fuels pricing via handheld mobile devices such as PDAs and Blackberrys.