7-Eleven, Inc. Selects KSS' PriceNet to Replace Existing Gasoline-Pricing Software.FLORHAM PARK, N.J. -- 7-Eleven, Inc. (NYSE NYSE See: New York Stock Exchange :SE), the world's largest convenience retailing chain, has selected KSS' PriceNet to replace existing gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by pricing software. Headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , and operating and franchising 2,432 gasoline stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, 7-Eleven signed an enterprise license agreement for PriceNet. PriceNet technology assesses and supports different tactics and strategies to suit the characteristics of various geographical areas. The tool is highly configurable and can support better decision making whether using simple protocol-based pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. or more advanced techniques. Ron Williams
Iain Cockburn, chief executive of KSS KSS Kearns-Sayre Syndrome KSS Komunistická Strana Slovenska (Slovak Communist Party, Slovakia) KSS Kelowna Secondary School (Kelowna, BC, Canada) KSS Kirby Super Star (SNES game) , added, "In our opinion, this deal with 7-Eleven validates PriceNet as the leading industry pricing solution for the U.S. market. We completed the rollout for 7-Eleven in less than five months, an indication of our ability to implement quickly and efficiently." About 7-Eleven 7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses more than 21,700 7-Eleven stores in 17 other countries and U.S. territories. During 2004, 7-Eleven stores worldwide generated total sales of more than $41 billion. Find out more online at www.7-Eleven.com. About KSS KSS is the leading supplier of pricing software and services to the convenience retail, grocery, chain drug and petroleum industries, helping retailers manage pricing at over 14,000 outlets. Organizations use KSS solutions to help make more effective pricing and promotional decisions and to implement those decisions more efficiently, leading to significantly increased earnings. KSS software is available as an on-site, fully integrated system configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: by experienced KSS consultants. A range of services including pricing diagnostics, category pricing/promotion reviews, pricing strategy refinement and competitive benchmarking are available from US headquarters in Florham Park, NJ and European headquarters in Manchester, UK. About PriceNet PriceNet is the market-leading, retail fuels pricing solution, helping operators in a diverse range of markets set prices at more than 14,000 outlets worldwide. Capable of supporting all channels of trade, PriceNet streamlines pricing processes and supports more effective decision making through a combination of automated pricing rules, analysis, price modeling and optimization. |
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