Profitect Showcases Its Profit Amplification Suite at NRF 2012

WALTHAM, Mass., Jan. 11, 2012 /PRNewswire/ -- Profitect, a profit-amplification solution provider for retailers, announced today it will highlight its modular Profitect Suite in booth #3240 at the National Retail Federation (NRF) Annual Convention & EXPO in New York City, January 16-17. Through pattern-seeking algorithms, Profitect's profit-amplification solution enables retail organizations to discover and actualize untapped profit and growth opportunities across the entire retail value chain – from procurement to the POS.

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"The majority of retailers attending NRF 2012 are still looking for new ways to improve growth and increase profits. The downward pressure on margins has forced retailers to look beyond their standard losses and to examine the total loss they experience. Total loss which includes damage, waste and margin erosion is often hidden," said Guy Yehiav, CEO, Profitect. "We look forward to NRF 2012 to show retailers how the Profitect suite can detect where margin leakages occur across the retail value chain and demonstrate how we continually deliver rapid growth and profit amplification."  

Retail industry thought leaders recently gathered to discuss the opportunities surrounding profitability. Topics included who in the organization owns profitability, what profitability measurements should be important to retailers, and how best to improve profitability. Click here to view a short video that includes comments from:

• Bill Copacino, President and CEO, Copacino Advisory Services
• John Deane, CIO, Abercrombie & Fitch
• Nicholas P. Delany, President, VTech Communications Inc.
• Thomas Matthews, Former Chief Ethics and Compliance Officer, Saks Fifth Avenue
• Kathy Persian, Group Vice President Merchandising and Retail Systems, Supervalu

At NRF 2012, Profitect is a sponsor of Retail ROI's Annual SuperSaturday event, January 14 at PwC Auditorium. The one-of-a-kind event is free to retailers, and all proceeds from sponsorships directly benefit organizations involved in orphan care, adoption support and foster care.

Profitect is also a sponsor for the NRF Financial Executive Council, January 16.

About Profitect
Profitect's profit-amplification solution enables you to quickly discover and actualize untapped profit and growth opportunities across the entire retail value chain. Profitect's algorithms quickly identify measurable profit optimization opportunities through the identification of value chain margin leakage, shrink, waste, process errors, and operational risks and damages — returning intelligent, prioritized actions for increasing profit. For more than 16 years, Profitect's expertise has successfully amplified profits for retailers worldwide and delivered immediate ROI supported by modular, quick, non-disruptive deployment of modern, scalable technology and time-tested best practices. With 100% customer success, Profitect consistently fulfills its commitment to deliver more than 5% profit increase within six months.

SOURCE Profitect