Regional East Coast Fuels and Convenience Retailer Will Implement PriceNet Solution for Maximum Store Performance - See more at:
Florham Park, NJ - December 23, 2010
Hess, one of the leading independent gasoline-convenience retailers on the East Coast, has selected a suite of products and services from KSS Fuels to provide day-to-day fuel price management and optimization. Hess will utilize PriceNet, Pricing Performance Management and KSS Fuels consulting services.
The retail division of the New York City-based company is implementing these KSS Fuels solutions in order to achieve process efficiencies and to improve performance through the enhanced use of data and analytics. Hess operates more than 1,360 stations and convenience stores in 16 states along the east coast, from New Hampshire to Florida.
“Fuels marketers are constantly striving for improved business performance and there’s no faster way to generate value than through pricing,” said Bob Stein, president and CEO of KSS Fuels. “KSS Fuels’ solutions and services enable fuel retailers to improve their own pricing performance, the fastest way to increase profit potential. We are delighted to have Hess as a new partner and are eager to help them maximize performance and improved execution.”
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an ‘exception-based’ approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics and ensure the optimal price is generated to meet performance objectives.
Pricing Performance Management (PPM) helps users of PriceNet and RackPrice fuel price management solutions ensure that they are receiving the maximum benefit from their software installations. PPM is also designed to help users manage pricing performance on an ongoing basis with insight from KSS Fuels’ industry experts.
KSS Consulting offers a range of services aimed at guiding fuels retailers to maximum profitability. The company’s consulting practice combines oil and gas expertise in strategy, business improvement and world-leading fuel pricing science. This proven framework for improvement, based on practical experience gained from helping organizations in diverse markets, provides sustainable performance gains for KSS clients.
Hess Corporation (NYSE: HES), with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum, natural gas and electricity products. More information is available at www.hess.com.
ABOUT KALIBRATE TECHNOLOGIES
Kalibrate (formerly KSS Fuels) is the only global provider of fuels pricing and retail location intelligence, helping retailers fine-tune decisions to deliver on performance goals. Its proven software, analytics and consulting solutions draw on more than 20 years of expertise and insight into the needs and opportunities of petroleum retailers. Kalibrate has headquarters in Manchester, United Kingdom and Florham Park, New Jersey. The company also has a Center of Excellence in Tulsa, Oklahoma and sales operations in Florida, Illinois, Ohio, Texas, Canada, Brazil, China, India, Japan, Korea and Africa. For more information about Kalibrate, please visit Kalibrate.com.