Top US C-Store Chain Publicly Acknowledges KSS Contribution to Success
Susser Holdings Announces Rollout of KSS PriceNet to Stripes Stores
FLORHAM PARK, N.J.--(BUSINESS WIRE)--During their recent Q3 2008 earnings call to stock market analysts, Susser Holdings Corporation (NASDAQ: SUSS) made specific mention of KSS Inc. as a contributor to the success of their fuels business, and noted that they will complete the rollout of PriceNet to the remainder of their network of stores early in the New Year.
“some of the highest fuel margins we’ve ever seen”
The Corpus Christi, Texas-based convenience store chain owns and operates 511 stores and supplies branded fuel to more than 380 independent dealers. KSS had originally sold and implemented its PriceNet solution to Town & Country, acquired by Susser in 2007.
Sam Susser, President and CEO of the publicly quoted $4.4 billion company, reported “some of the highest fuel margins we’ve ever seen,” despite the turbulent economic environment and high volatility in both street and wholesale prices.
“We successfully completed a test of the KSS fuel pricing system in our West Texas stores,” said Steve DeSutter, President and CEO of Retail at Susser. “We'll be rolling it out in the legacy Stripe stores, and expect to be live in all retail stores, with a number of our wholesale dealers as well, by the end of January 2009.”
“KSS gives us a tool to analyze daily competitive fuel pricing information from each store location and then provide fuel price recommendations that will help us optimize price and fuel volume relationships at each of our locations,” he added.
“I am very pleased that Susser Holdings has achieved financial and operational benefits from the deployment of our PriceNet fuels pricing solution,” said Bob Stein, President and CEO of KSS. “It is solid confirmation that our solutions deliver when implemented. We are fortunate to have such a high quality organization and convenience store industry leader as our customer.”
About Susser Holdings Corporation
Corpus Christi, Texas-based Susser Holdings Corporation is a third generation family-led business that currently operates 511 convenience stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in 290 of its stores, primarily under the proprietary Laredo Taco Company and Country Cookin' brands. The Company also supplies branded motor fuel to approximately 375 independent dealers through its wholesale fuel division. For more information, visit www.susser.com.
About KSS
KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing more than $175 billion in revenue through 24,000-plus fuel sites and rack terminals throughout the world. KSS US headquarters are located in Florham Park, N.J. and European headquarters are based in Manchester, U.K.
For further information please visit the KSS web site at www.kssg.com.
