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PerformanceRetail Announced the Latest Version of InSite Retail Intelligence Suite

Originally published November 16, 2005

PerformanceRetail, a provider of web-based retail intelligence software for retailers and their suppliers, announced recently the latest version of its InSite Retail Intelligence Suite. Now in its third generation, the InSite Retail Intelligence Suite delivers visibility into product, cashier, store and chain-level performance through an intuitive web-based interface, enabling retailers to quickly identify business issues and trends and take proactive steps to improve overall retail performance. PerformanceRetail will demonstrate the software at the National Association of Convenience Stores.

Heightened by recent volatility in fuel prices and margins, the need for better visibility into store, category and item-level sales and margin performance has never been higher for convenience retailers. Traditionally, retailers have been forced to spend significant time and money to customize accounting-centric reporting tools or complicated business intelligence toolkits that were never designed to provide retail merchandising and operational managers with appropriately packaged, timely and consistent visibility into operational data. The InSite Retail Intelligence Suite fills this need with a suite of packaged, retailer-specific reports and analytics that can be quickly deployed over existing systems and deliver fast return on investment.
This recent announcement highlights feedback from the company's market-providing  customers and advances InSite's loss prevention, category management and sales and operations functionality. Specifically, InSite's detailed item movement and velocity reporting has been enhanced with the new InSite Explorer, an interactive, drillable view into detailed category and item-level sales and margin performance by hour, day, week, month or year, with trend reporting from period to period. A new Sales-per-Labor-Hour dashboard has also been added, enabling retailers to view labor efficiency by store or specific category.

"This new version of InSite builds on our commitment to bring unprecedented visibility to our customers and defines a new set of metrics for the convenience retailer," said Marc Hafner, President and CEO of Performance Retail. "By delivering packaged retail analytics though our low-risk, on-demand business model, we're enabling retailers to cost-effectively gain new insights into their businesses and improve overall performance."

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.