KSS Retail, a pricing intelligence, optimization and modeling solution provider, has established a new agreement with SpartanNash, the Michigan-based wholesale food distributor and grocery chain. SpartanNash will extend the use of the PriceStrat price and promotion enhancement solution across all 16 SpartanNash retail banners, including: Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods. Spartan Stores and Nash Finch merged in November 2013 through a $1.3 billion deal.
With the new agreement, SpartanNash will implement PriceStrat in a total of approximately 172 supermarkets. To date, the company used PriceStrat to determine optimal prices across 100 Spartan Stores locations, including more than 100 product categories and 40,000 SKUs.
The entire SpartanNash network has reported total annual sales of approximately $7.5 billion, among 21 distribution centers servicing more than 1,900 wholesale customers across 37 states, and 172 corporate retail stores across nine states.
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“KSS Retail has empowered us with the reporting tools we need to measure and analyze the impact of our price-optimization efforts, so that we can continue to improve our decision making going forward,” said Kathy Alles, Director of Retail Pricing and Data Integrity at Spartan Stores. “In addition, we’ve gained valuable new insights from working with the KSS Retail consulting and science experts.”
Due to the success of PriceStrat, SpartanNash hopes to offer price optimization as a service to its 1,900 wholesale clients.
