Company Shop aims for significant reductions in waste and higher standards of customer service through better stock management

Company Shop, a fast-growing staff shop retailer with 29 locations nationwide, has selected a fully integrated Point of Sale solution from K3 Retail, to improve stock management across the business.

The members' only food retailer Company Shop offers discounts of up to 90% so it operates on very tight margins and has identified stock management as the most effective way to protect and boost margins.  K3's systems will enable it to not only improve stock availability but also drive sales by providing timely and targeted promotions across the business, to ensure sell through of lines approaching their sell by dates.

K3's integrated pricing, promotions and inventory solution will make it much easier for Company Shop to manage its business compared the current system.

Mark Game, Managing Director at Company Shop said, "We needed a supplier with proven retail experience and K3 stood out as the experts.  What impressed us the most was their understanding of our industry and the requirements we needed in order to improve the day to day running of the business."

Game, continued, "It is vital to the sustainability of our business model to have a clear picture of any potentially volatile stock at any given time of day.  With the help and support of K3, we believe we can now improve our processes and as a result minimise our waste outputs."

John Little, Sales Director, K3 Retail, said, "We fully understand how Company Shop runs as an organisation.  They needed to replace their systems in order to have a better understanding of promotions and sales inventory across the estate and  to provide their customers with the breadth of offers they expect when they enter a store."

About Company Shop
Company Shop works with many global brands and food manufacturers and leading supermarket retailers to handle their 'residual stock'.

Residual stock is the generic term for any products that aren't sold in the usual way typically short dated, misshapen or mis-packaged products. However, it can also include perfect stock which is usually surplus stock from over orders.

Everything we sell is 'in date' and legally compliant but massively discounted compared to high street prices. Whilst we operate staff shops on manufacturing sites for employees, we also run our own shop at Tankersley just off the M1 near Barnsley.

Company Shop is the UK market leader in dealing with residual goods in an environmental and social manner, providing environmentally friendly disposal methods for residual stock and tax free staff benefits for the food manufacturers involved.

www.companyshop.ltd.uk

About K3 Retail                                                            
K3 Retail deliver multi-channel solutions that enable retailers to create joined up shopping experiences for their customers whether they choose to buy on-line, direct, in-store and mobile
 
Over 18 years' experience delivering award winning solutions, to more than 160 internationally recognised retail brands, has helped our experienced team of retail consultants develop the most complete range of multi-channel retail solutions available to Microsoft Dynamics AX or NAV users. As a Microsoft Gold Certified Partner, member of Microsoft's Partner Advisory Council for Retail, invited member of Microsoft's Inner Circle and Presidents Club, we offer a clearly defined roadmap and proven products backed up by Microsoft's $2billion investment in the Dynamics platform.
 
Our ability to translate thought leadership and Multi-Channel experience into innovative and effective retail solutions has benefited customers including: Agent Provocateur, American Golf, Beales Department Stores, Booths Supermarkets,Carpetright, Clinton Cards, Dobbies , Dreams, GameStop, Jigsaw, Kiddicare, Ryman's, Smyths Toys, SpaceNK, Topps Tiles, The White Company and White Stuff.

For more information, please visit www.theretailpeople.com      

Laura Sloan
PR Contact
Fieldworks
Tel: 01435 873080
laura@fieldworksmarketing.co.uk 
www.fieldworksmarketing.co.uk