SOURCE: Accruent

January 09, 2008 16:03 ET

Accruent and Kurt Salmon Associates Underwrite 2007 NRF Retail Real Estate Study, to Be Released at NRF Annual Convention

Groundbreaking Real Estate Lifecycle: Trends and Analysis Survey Identifies Best Practices and Trends in Industry

SANTA MONICA, CA and NEW YORK, NY--(Marketwire - January 9, 2008) - Accruent, Inc., the leading provider of Real Estate Performance Management (RPM) solutions, and Kurt Salmon Associates (KSA), a global management consulting firm, today announced that the groundbreaking National Retail Federation (NRF) Retail Real Estate study, conducted by AMR Research and underwritten by Accruent and KSA, will be released at NRF's Annual Convention, January 13-16, 2008 in New York City. NRF is the world's largest retail trade group.

All interested individuals are encouraged to attend three sessions, which will kick off high profile discussions about real estate, at the Convention on Sunday, January 13, 2008. First, Rob Garf, Vice President, Retail Strategies from AMR Research, will present the findings from NRF's Real Estate Lifecycle Survey. Next, a panel of retail real estate executives will discuss best practices and the current state of retail real estate. The final session will feature Wall Street analysts as they dissect the impact of real estate on retailers' income statements, balance sheets, and market valuations. The sessions will conclude with a networking roundtable luncheon for all executives in attendance.

NRF offers Sunday-only pricing for the show. Please visit www.nrf.com/annual08 for all show registration and information. Press may register at www.nrf.com/pressreg.

NRF's 2007 Real Estate Lifecycle: Trends and Analysis survey was conducted to gauge how retailers are managing their real estate portfolio to achieve revenue outcomes, control costs, and facilitate regulatory compliance. According to the survey, retailers have embraced a holistic real estate management approach, taking advantage of streamlined processes, deeper consumer insights, and maturing technology to identify emerging formats, gain operational efficiencies, and seize market share.

"This survey is invaluable," said Mark Friedman, chief executive officer of Accruent. "NRF has identified the lack of objective data to help its members benchmark both their internal processes and their progress versus their peers. The study shows that retail leaders have found a new performance lever and are establishing competitive advantage through a strategic approach to managing the real estate lifecycle."

"As thought leaders in real estate management, we are pleased to have underwritten this compelling study," said Mike Brown, a Principal at KSA. "We're not surprised the survey found that process improvements are key, particularly in the areas of market planning and site selection. Retailers now have hard data to back up their decisions to reengineer these processes."

About Accruent, Inc.

Founded in 1995, Accruent leads the industry with a new generation of solutions designed to fully leverage real estate assets and decisions as an enterprise competitive advantage. Accruent Real Estate Performance Management (RPM) solutions maximize the impact that real estate properties -- stores, restaurants, local branches, and corporate offices -- have on company performance by driving revenue growth, reducing costs and achieving financial compliance. More than 340 of the world's largest companies, including 20 percent of the Fortune 500 and 40 percent of the Top 100 Retailers, use Accruent's solutions. In addition, Accruent couples the broadest and deepest real estate data set and advanced business intelligence to bridge the gap between daily operations and strategy. For more information, please visit www.accruent.com.

About KSA

Kurt Salmon Associates (KSA) is the premier global management consulting firm focused exclusively on the retail and consumer products industries. We work closely with our clients to create accelerated value through our tailored solutions for business growth, margin management, inventory efficiency, productivity improvement, and technology effectiveness.

About AMR Research

AMR Research is the No. 1 advisory firm focused on supply chain, enterprise applications, and infrastructure. Founded in 1986, AMR Research provides advisory services and peer networking opportunities to supply chain and technology professionals in the manufacturing and retail sectors. www.amrresearch.com

About NRF

The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees -- about one in five American workers -- and 2006 sales of $4.7 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com

Editor's Note: All Accruent brand and product names are trademarks or registered trademarks of Accruent, Inc., in the United States and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.

Contact Information

  • Press Contacts:
    Laurie Gibson
    Kickstart Consulting for Accruent
    650-969-0764
    Email Contact

    Kathy Fischer
    Marketing Communications Manager
    Accruent, Inc.
    416-643-1388
    Email Contact