Associated Wholesale Grocers and ProfitTrax Partner to Grow Retailer Profit
UNITED STATES - Associated Wholesale Grocers (AWG) is teaming up with ProfitTrax, a cloud-based augmented intelligence solution. With retailers in mind, AWG partnered with ProfitTrax to help all in the biz reduce operational shrink loss and out of stocks, while also improving gross margins.
“We are excited to partner with ProfitTrax to help our member retailers grow store profits by reducing the expense of shrink loss,” said Jeff Pedersen, EVP, Chief Sales and Support Officer for AWG. “ProfitTrax is more than just another data capture and reporting tool. It’s a true profit improvement solution for operations, merchandising, and loss prevention.”
According to a press release, ProfitTrax was developed to simplify operations and focus store teams and supervisors on the vital factors that result in profit optimization, namely by consolidating data from various data feeds around the store into an all-in-one solution and dynamic StoreWalk toolkit.
Pedersen continued: “This solution is another great example of AWG fulfilling our mission statement of providing our member-retailers all the tools, products, and services they need to compete favorably in all markets served. We are committed to making independent retail grocers successful.”
ProfitTrax is user-friendly, featuring a system that includes training to help retailers increase gross margins. Users at all levels of the enterprise are also alerted every day to sales and profit improvement opportunities. This is done by combining data analysis with human experience in the ProfitTrax Augmented Intelligence system, which then determines the operational and behavioral causes of sales and shrink loss and prescribes specific practices to improve sales and reduce shrink.
“We are very excited to partner with AWG to offer its retailers new ways to grow sales and reduce shrink,” said Larry Miller, President of ProfitTrax. “By simultaneously growing sales and focusing on consistent best practice execution, we have proven that stores can add significant profit to their bottom line.”
The ProfitTrax Solution reports analysis for the top selling items, top known loss items, out of stocks, missed sales, unique variety analysis, and cashier performance alerts for each store and department using the system. One chain that uses the system and has nothing but raving reviews is Ball’s Food Stores.
“We have seen excellent results by using the ProfitTrax system,” said Scott Bayne, VP of Sales and Merchandising at Ball’s Food Stores. “We have always had tons of data, but with ProfitTrax, our sales and grosses are up, and the ProfitTrax TEAM-UP process has our operations and merchandising teams working together to optimize inventory productivity, freshness, and profit.”
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