Pathmark and 1010data Ink Deal Expands Opportunities for Data Analysis.CARTERET, N.J. -- Pathmark Stores, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PTMK), announced that it has retained 1010data, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , to provide the company with a platform for utilizing data to assist in the areas of merchandising, marketing, and store operations. The state-of-the-art data analysis and reporting solution enables key areas within Pathmark the opportunity to generate and assess important information from either a global or micro perspective. 1010data compiles detailed transactional information, and through its unique ad-hoc report generating system, affords Pathmark the opportunity to tailor the data in a variety of formats. 1010data will manage and maintain the warehouse of data for Pathmark and provide technical assistance. Pathmark is the first retail client for 1010data, whose other customers include The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Proctor & Gamble, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Merrill Lynch, and JP Morgan. "We are excited about the impact our solution will have at Pathmark," stated Joel Kaplan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 1010data. "Retailers are faced with particularly difficult data-management problems due to the high volume of transactional data. Our unique technology will enable Pathmark to retain the atomic detail for flexible reporting and analysis." Pathmark Co-President and Chief Merchandising Officer, Ken Martindale commented, "The ability to easily access and format important data will be extremely beneficial to Pathmark. We can utilize information in a variety of ways in order to better understand our customers and tailor programs to serve their needs. The capabilities of the reporting solution are impressive and its flexibility will allow us to obtain valuable insight into our business." 1010data was founded in 2000 by pioneers of large-scale data systems in finance to provide the next-generation of data warehousing capabilities to companies in finance, retail, CPG CPG central pattern generators. and healthcare. Companies select 1010data for its revolutionary speed, ease-of-use, quick implementation, ability to handle large amounts of data, and delivery as a managed solution. Pathmark is a leading regional supermarket chain currently operating 141 stores in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey and Philadelphia Metropolitan areas. Additional information about Pathmark may be found at its website, www.pathmark.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion