PRZOOM - /newswire/ -
Rockville, MD, United States, 2011/09/13 - Kroger has extended its Scan Based Trading relationship with iControl to three additional banners: King Sooper's, City Market and Smith's. The expansion is effective October 24 - iControlsbt.com.
Kroger has extended its Scan Based Trading relationship with iControl Systems USA to three additional Kroger banners: King Sooper's, City Market and Smith's, bringing the total Kroger divisions participating in Scan Based Trading programs managed by iControl to 13 and the store count to 1,540.
King Sooper’s and City Market are are in the Colorado/Rocky Mountains region, and operate 50 stores. Smith’s Food & Drug operates 132 stores in Utah, Idaho, Wyoming, Montana, Nevada, New Mexico, and Arizona. iControl estimates that approximately 65 Kroger vendors will be participants in the program.
"We're extremely gratified that Kroger has decided to continue to expand its relationship with our company," said iControl CEO Tal J. Zlotnitsky. "Our team in Cincinnati and Rockville has worked extremely hard to deliver strong results for Kroger, dramatically reducing shrink, minimizing out of stocks, and driving sales growth. I'm proud of our efforts, and excited about the growth of the relationship."
The expansion is effective October 24, 2011.
iControl is a one-to-many facilitator of supply chain collaboration and Scan Based Trading between retailers and their trade partners. We enable the parties to cross-share actionable transactional data in a transparent, real time manner. Empowered by timely information presented in a highly actionable way, our retail and supplier clients are able to minimize waste and maximize sales by right-sizing inventories, eradicating shrink, managing out-of-stocks, evaluating promotions, and optimizing SKU selection. With over 20,000 retail doors - including CVS, Kroger, Safeway, Stop & Shop, Rite Aid, and Barnes & Noble - and thousands of suppliers, iControl (icontrolsbt.com) is redefining the retailer/supplier relationship.