SOURCE: Profitect

Profitect

June 15, 2016 07:50 ET

America's First Supermarket, King Kullen Grocery Co., Inc., Selects Profitect Prescriptive Analytics to Enhance Operations and Improve Profitability

WALTHAM, MA--(Marketwired - June 15, 2016) - Profitect Inc., the leading prescriptive analytics provider for the retail industry, today announced that King Kullen Grocery Co., Inc., an American supermarket chain with 35 Long Island, New York-based King Kullen stores and five Wild by Nature natural food stores, selected Profitect's sales module to initially focus on inventory shrink, fraud-related activities and point-of sale (POS) efficiency.

Seeking to replace a legacy reporting tool, "King Kullen selected Profitect over several competitor offerings for its superior ability to provide actionable information as well as Profitect's ability to quickly integrate historical POS data with minimal use of internal IT resources," said Jim Flynn SVP of Finance & Administration, King Kullen.

Profitect's pattern analysis and the ability to replace the existing Exception Based Reporting (EBR) tools with specific, easy-to-understand, guided actions delivered directly to the appropriate personnel are expected to provide greater productivity and a rapid return on investment for King Kullen.

"In transforming operations from a legacy EBR to a data-driven prescriptive analytics model, King Kullen will benefit from improved asset protection capabilities including increased margin protection, fraud prevention and more," said Guy Yehiav, CEO, Profitect. "As a pioneer in the grocery industry, we are delighted they chose our prescriptive analytics solution to continue driving their business, and the market, forward."

About King Kullen
Headquartered in Bethpage, New York, King Kullen Grocery Co., Inc. is recognized by the Smithsonian Institution as America's first supermarket. Michael J. Cullen opened the doors of King Kullen in 1930. Today, four generations later, King Kullen is still family owned and operated.

About Profitect
Since 2012, Profitect has helped companies leverage existing big data investments to identify, resolve, and measure opportunities for improvement by delivering actionable prescriptive analytics to the right person, at the right time.

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