KSS Fuels announced today that 7-Eleven Australia will
implement PriceNet within its recently expanded Australian retail
network of over 400 fuel sites. PriceNet will streamline the fuels
pricing process and deliver the real-time information needed to
enhance fuel pricing decisions at every store. KSS Fuels PriceNet
is a complete end to end pricing solution capable of meeting
7-Elevens business needs in one of the most dynamic and challenging
retail markets in the world. In addition to the core PriceNet fuel
price management system, 7-Eleven Australia will implement PriceNet
Web, to facilitate rapid communication with store personnel and the
KSS Analytics dashboards for continuous performance monitoring.
This is a significant milestone in our growth in Asia-Pacific and
follows a major commitment of resources to enhancing our business
in the region, stated Huw Carey, vice president account sales
responsible for KSS Fuels business in Asia-Pacific. "Were delighted
to welcome 7-Eleven Australia, a global leader in petroleum and
convenience retailing, as our latest PriceNet customer," said Bob
Stein, president and chief executive officer of KSS Fuels. This new
partnership strengthens our presence in Australia, a key part of
our growth strategy to deliver KSS Fuels pricing and location
intelligence products and services to retailers in the Asia-Pacific
region. As the leading convenience retailer in Australia we are
constantly looking for business solutions that help enhance the
customer experience as well as deliver on our corporate performance
goals. PriceNet will significantly improve our fuel price
management capabilities and enable us to respond quickly and more
effectively to market changes, stated Warren Wilmot, Chief
Executive Officer of 7-Eleven Australia. PriceNet is a
comprehensive pricing solution that streamlines the pricing
process, from competitor surveys to price change at POS, pump and
sign, delivering pricing in minutes. High levels of automation and
an exception-based approach ensure a rapid response to competitors
and market conditions and allow pricing analysts to leverage the
power of price optimization. A family of products, PriceNet
includes modules for increased mobility and analytic dashboards to
support real-time fuels pricing and performance monitoring via
handheld mobile devices. About 7-Eleven Australia 7-Eleven Pty Ltd,
Australias First choice in convenience, is a private company owned
by the Withers/Barlow family. The company has a license to operate
and franchise 7-Eleven stores in Australia from the US based
7-Eleven Inc. The first Australian store was opened in August 1977.
Today 7-Eleven Pty Ltd. operates more than 600 stores along the
eastern seaboard, including over 200 recently acquired Mobil/Quix
sites that are being progressively converted into 7-Eleven stores.
Worldwide 7-Eleven operates more than 40,000 stores in 16
countries, and is opening approximately six stores per day
somewhere in the world. Through its 600+ stores, 7-Eleven Pty Ltd.
will conduct more than 160 million transactions a year, serving an
average 6 customers per second, generating sales of approximately
$3 billion. About KSS Fuels KSS Fuels is the leading global
provider of fuels pricing and retail network planning software,
analytics and consulting services to companies in the oil gas,
convenience store, grocery and retail industries. KSS Fuels helps
fuel retailers, distributors and marketers implement effective
pricing solutions to increase profitability and analyze retail
networks to pinpoint growth opportunities and optimize capital
investment to enhance operational performance. The company has
North American headquarters in Florham Park, NJ as well as regional
offices in Florida, Illinois, Ohio, Oklahoma and Texas and
international operations in Brazil, Canada, China, India, Japan,
Korea and Africa, with headquarters in Manchester, United Kingdom.
For more information about KSS Fuels, please visit
www.kssfuels.com.
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