Ahold USA to Improve Shrink Performance With Profitect

Regional grocery chain Ahold USA plans to improve shrink performance for its Giant Landover division with a new solution from Waltham, Mass.-based pattern seeking analytics provider Profitect, inc.

The Quincy, Mass.-based grocer, which also operates the Stop & Shop chain, is working with Profitect because of its approach to integrating data quickly with minimal IT resources, while producing actionable opportunities. Giant Landover expects the solution to improve shrink performance by supplementing legacy reporting approaches, which require large volumes of information to be interpreted, and replacing them with automated resolution processes, according to Profitect.

"As a world class grocer, with an emphasis on quality, selection and savings, Ahold USA and its retail divisions are committed to providing customers with great food at a great price," said Guy Yehiav, CEO, Profitect. "Leveraging our innovative pattern-seeking, cloud-based analytics solution will enable Ahold USA to not only fulfill this commitment to their customers, but quickly increase revenue and margins with minimal IT involvement, and easily understand where profit opportunities exist within their stores."

The Profitect closed loop system was developed to create accountability by ensuring employees identify and resolve opportunities impacting the business.

Ahold USA supports four regional Divisions -- Stop & Shop New England, Stop & Shop New York Metro, Giant Landover and Giant Carlisle -- that together operate nearly 775 supermarkets with approximately 120,000 associates in 14 states and the District of Columbia along with Peapod, the nation's largest e-commerce grocery shopping/delivery service.