IRVINE, Calif., April 11, 2018 (GLOBE NEWSWIRE) -- Appriss Retail, the industry leader in retail performance improvement solutions, today announced the signings of 17 new retailer contracts in 2017. An important milestone, the broad and global nature of these retailers is indicative of Appriss Retail’s growth.
- 17 new retailer contracts signed
- 11 of the 17 contracts were with retailers of $1 billion or larger annual sales volume
- 10 retail segments covered, including sporting goods, apparel, department store, c-store, pharmacy, food service, home improvement, entertainment, and more
- 33,000 stores
- 70 retail brands or banners
- Seven head office countries: United States, United Kingdom, Sweden, Netherlands, Canada, Kuwait, and Ireland
- 55 deployment countries
- Signings across all Appriss Retail product lines
“The size and global scale of our client base continues to grow,” said Krishnan Sastry, president of Appriss Retail. “Our clients depend on us to deliver the best retailer performance solutions every day, around the world, to support the needs of their modern retail enterprises. Better still, these same retailers push us to continually improve our services, enabling our next wave of end users to benefit even more.”
The Appriss Retail Performance Platform incorporates analytics and artificial intelligence to create real-time automated decisions, post-transaction insights, and recommended user actions.
- Secure™ is an exception and analytics solution that builds insights across employee behavior, inventory, operational processes, and the consumer’s store and ecommerce behavior.
- Verify® is a real-time decision service that determines if a return or other transaction is permissible and valid. It protects margin and reduces shrink while ensuring consumers are treated fairly and consistently.
- Incent™ is a real-time incentive engine that increases sales and margin by influencing consumer behavior across channels. It stimulates immediate incremental purchases, increases longer-term consumer value, and grows profits.
- RTI™ is a real-time integration service that speeds development and deployment of specific, integrated business processes, like real-time sales, perpetual inventory, and mobile payments.
About Appriss Retail
Appriss Retail provides artificial intelligence-based solutions to help retailers protect margin, unlock sales, and cut shrink. With more than 20 years of retail data science expertise, the company’s Software-as-a-Service (SaaS) platform generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant return on investment among retail store, ecommerce, and inventory functions. Appriss Retail serves a global base of leading specialty, apparel, department store, hard goods, big box, grocery, pharmacy, and hospitality businesses in more than 100,000 locations (brick and mortar and online) in 45 countries across six continents. For more information about Appriss Retail, visit https://apprissretail.com.
Appriss Retail was created through the merger of The Retail Equation and Sysrepublic.
# # #