Sonae Distribuição, operator of more than 630 hypermarkets, supermarkets and non–food stores throughout Portugal, announced today that it has selected the KSS Retail PriceStrat solution for price and promotion management. Sonae Distribuição made the decision to go with KSS Retail´s solution after an extensive evaluation of all offerings in the market. Sonae Distribuição is Portugal´s largest retail chain and operates under various brand names, including Continente, Modelo, Modelo Bonjour and Worten.
"Price is a variable that has always been crucial for our value offering. Since mid–1990, Sonae Distribuição has developed and optimized its pricing management tools based on information available in our data warehouse," said João Günther Amaral, director of commercial and store operations development for Sonae Distribuição. "After evaluating the pricing solutions offered by the main players in this market, we understood that today there are new opportunities to further develop our pricing models. We chose KSS Retail because of its retail industry knowledge, the flexibility of their approach to the customer and because we believe they are the best partner for us to work with."
"KSS Retail is bringing phenomenal results to all of our retail customers," said Lance Jacobs, chief executive officer at KSS Retail. "We are extremely pleased and excited that after an intense and extensive evaluation process, Sonae Distribuição saw the value of our real–time price modeling and optimization solution. We look forward to building a long–term partnership with the very talented team at Sonae Distribuição."
KSS Retail provides the only real–time, self"“learning price optimization solution for the grocery, drug, convenience and general retail market segments.
About Sonae Distribuição
Sonae Distribuição is the leading food retailer in Portugal and considered an international benchmark in the sector, mainly in terms of profitability. Its market position has been achieved based on a profound knowledge of the market, being able to provide a reliable and high quality service to all its customers; a continuous investment in innovation, as a means of exceeding the demands of its customers and differentiating itself from the competition; a focus on operational efficiency, by improving information systems, modernizing the logistics structure and training internal staff; and a well–known brand name with one of the highest awareness and confidence levels among Portuguese consumers. Sonae Distribuição operates in two different areas: (i) food retail, including Continente hypermarkets, Modelo Hypermarkets and supermarkets Modelo Bonjour; and (ii) non–food retail, with ten formats, the most significant being Worten, a consumer electronics format, SportZone, a sporting goods format, and Modalfa, an apparel format. Sonae Distribuição has been expanding its store network, ending 2007 with 646 stores, amounting to a total 7.6M sq. ft. of sales area and 70% coverage of the Portuguese population.
About KSS Retail
KSS Retail is a leading provider of price optimization solutions for the grocery, convenience, chain drug and general retail industries. Retail merchants use KSS Retail software to model and optimize in–store prices for regular and promotional pricing by using an intuitive, fast, merchant friendly tool that integrates price modeling and optimization into the daily work–flow of a merchant. KSS Retail customers include Rite Aid Drug, Raley´s Supermarkets, Soriana, Brookshire Brothers, McKesson, ABC Fine Wine & Spirits, and others. For more information, visit www.KSSRetail.com, or contact Lyle Walker at (972) 733–0465, or at Lyle.Walker@KSSRetail.com. For media inquiries, contact Roy G. Miller at (903) 422–5117, or at rmiller@rgmcomms.com.