Lucky’s Market Selects ProfitTrax BI for Shrink Reduction & Profit Improvement

Steven MillerNews

Distributed April 2017

SCOTTSDALE, AZ:     Smart Retail Solutions (SRS) of Scottsdale, Arizona has announced that Lucky’s Market of Niwot, CO has selected ProfitTrax for a company-wide rollout to its 24 Fresh Format stores and its future stores.

According to Scott North, Chief Operating Officer at Lucky’s Markets: “The ProfitTrax software and Best Practice Training combine to make an excellent store operations and shrink management tool for our Lucky’s Market Managers and Supervisors. The on-site training the ProfitTrax Team provides was excellent and the follow-up webinar trainings reinforce the ProfitTrax Team’s commitment to helping us sustain our success. We have seen significant operational improvements and as we continue to improve our level of implementation, we expect further, steady shrink reductions and improved inventory productivity. ProfitTrax is a win-win for our Managers and Supervisors.”

ProfitTrax is a cloud-based Enterprise Business Intelligence Platform for Retail Operations that guarantees profit improvement and sustains workforce productivity. The software interprets store-wide data, performs multi-dimensional analysis, and then decodes the data into Plain English Narratives and Action Alerts using proprietary Narrative Science. The ProfitTrax Dashboard platform distributes daily sales and profit improving directions directly to store teams for guaranteed, sustainable sales, significant shrink reduction and profit growth.

Dawn Gammon, COO and VP of Customer Success at SRS, commented: “We believe that true Business Intelligence occurs when there is a convergence of People, Analytics and Practices that achieve a simple, repeatable and sustainable change in the way store teams grow sales and profit. We designed the ProfitTrax software and best practice processes to lighten and simplify Store Manager and Supervisor workloads, and empower Loss Prevention and Merchandising for sales and profit improvement. We look forward to this great profit partnership with Lucky’s Market.”

SRS is led by President & CEO Larry Miller, the founder of Shrink Trax (1991-2008) – a 25 Year Industry Leader in Retail Business Analytics, Store Operations Best Practices and Shrink Prevention for Sales and Profit Improvement. Smart Retail Solutions’ debut solution – ProfitTrax – is dedicated to serving Retail Operations, Loss Prevention and Merchandising with a simple mission: Helping Retailers to Run Better Stores.

 

About Smart Retail Solutions
ProfitTrax is the flagship BI and Training Solutions developed by Smart Retail Solutions. ProfitTrax is a cloud-based Enterprise Business Intelligence SaaS and training solutions platform for all segments of retail and guarantees sustainable store profit improvement. The SRS Team created the ProfitTrax BI Platform to give retailers an everyday, quantifiable, competitive edge by identifying sales and profit improvement opportunities and actions to improve store performance. For more information, please visit: https://smartretailsolutions.com

 

About Lucky’s Market
Lucky’s Market was started in 2003 by two chefs, Trish and Bo Sharon, when they bought a convenience store in Boulder, CO. The Sharons shared a vision of creating a grocery store chain where food lovers like themselves would want to shop, with organic, natural and local foods sold at affordable prices with genuine personal service. Today, those goals remain the hallmarks of the Lucky’s mission.

 

Media Contact:
Steven Miller
Smart Retail Solutions, LLC
steven@smartretailsolutions.com
(602) 363-4000

 

Ben Friedland
Lucky’s Market
(303)530-0782 ext. 137