Storewide Processes for Measurable Shrink Reduction Workshop at the 2017 National Grocers Association Show Attracts 150+ Retailers

Distributed February 2017

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

LAS VEGAS, NV:     Last week, approximately 150 supermarket retailers packed the Events Center at the Mirage Hotel & Casino to learn about Best Practices for Storewide Shrink Control from Larry Miller – President & CEO of Smart Retail Solutions of Scottsdale, AZ – and special guests Mike Beal – COO of Ball’s Food Stores of Kansas City, KS – and Peter Waldmann – Regional Director of Operations of Lucky’s Market of Niwot, CO.

The Storewide Processes for Measurable Shrink Reduction workshop educated participants on the 4 Vital Building Blocks used by industry leading companies to control shrink loss caused by breakdowns in operational best practices. The workshop’s key focal points included the Vital Role of Inventory Control, Smart Practices for Ordering Efficiency, the 6 Store Operations Profit Drivers, and the Paradigm Shift from Shrink Prevention to Profit Protection.

Mike Beal and Peter Waldmann recapped specific examples of how they implemented Best Practices from the Total Store Manager operations execution training program and the ProfitTrax BI software solution to reduce their total store shrink by an average of 22% and in one case add 83 basis points of new profit to the bottom line. Both Beal and Waldmann shared further insights on encouraging enterprise-wide best practice execution to yield center store out of stock reductions and $34,000 of additional weekly cash flow.

Based on the success of the workshop at the 2017 NGA Show and the feedback of session attendees, Larry Miller is now offering to share the educational session with supermarket retailers and retail-focused trade organizations as a webinar or an on-site seminar. For information on scheduling a webinar or seminar, contact Larry Miller by phone at (602) 448-8500 or by email at larry@smartretailsolutions.com.

 

About Smart Retail Solutions
Smart Retail Solutions develops next-gen cloud-based SaaS Business Intelligence and training solutions for all segments of retail and guarantees sustainable store profit improvement. The SRS Team created its ProfitTrax solution to give retailers an everyday competitive edge by identifying where sales and profit opportunities are and how to fix them. https://smartretailsolutions.com

 

About Balls Food Stores
Ball’s Food Stores’ operates 27 supermarkets in the Kansas City and surrounding markets. Founded in 1923, when Sidney & Mollie Ball opened their first store the Ball Family’s American Dream has evolved under the leadership of Fred Ball and David Ball and today is a vibrant regional retailer. Ball’s Food Stores is committed to providing its customers with friendly service, quality local products, and value pricing, in clean organized stores while remaining innovative internally, staying on the cutting-edge of retail operations. For more info about Ball’s Food Stores, visit http://www.ballsfoods.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. For more info about Lucky’s Market, visit http://www.luckysmarket.com.