Retail Industry Veteran Chris Allan Appointed As Quantum Retail CEO

MINNEAPOLIS, March 16, 2015 /PRNewswire/ -- Quantum Retail Technology™ Inc., the industry's leading provider of merchandise optimization and inventory solutions for retail has announced that Quantum co-founder Chris Allan has been appointed as its CEO.

"Chris was the natural choice to lead Quantum in its next phase of growth," said Quantum Board Member, Mike Hrabe. "His record of leading innovative development initiatives paired with his success at building client-centric organizations made him the ideal choice as Quantum introduces new solutions and serves a broader segment of the retail market."

Chris returned to Quantum in late 2014 to lead Quantum Retail's development and delivery organizations and will maintain that role in addition to serving as CEO. 

"Quantum's core solutions offer retailers unique relief in an increasingly chaotic retail marketplace where having a clear view to customer demand and tuning your inventory to meet that demand is of critical importance, said Chris Allan.  "As more and more retailers come to depend on analytic insights only Quantum can provide it becomes important that we find a broader array of ways that retailers can use our solutions either in a standalone capacity, or in conjunction with their existing legacy systems and processes. Quantum can help every retailer become more profitable."

Prior to his return to Quantum, Chris was a Managing Director at Accenture where he led the Products Analytics organization in the UK and Ireland. Prior to Accenture, Chris was a co-founder of Quantum Retail and served in a variety of roles including Chief Customer Officer and Chief Strategy Officer. Chris also served in a product strategy role at Retek (now Oracle).

About Q™
As consumer demand has become less predictable and as retail buying patterns and channels become more complicated many of the world's most successful retailers utilize Quantum's Q solutions.  Q helps retailers with both comprehensive and granular predictions of their product demand based on consumer behavior while also providing the ability to act on that intelligence. The Q system continuously learns and dynamically analyzes and then responds to changes in demand for every product and store location to maximize value for retailers of all types. The Q system is adaptable within the retailer's existing environment and works in conjunction with many of today's leading supply chain and merchandising platforms including Oracle, SAP, and JDA.

About Quantum Retail Technology, Inc.
Quantum Retail Technology is the industry's leading innovator of retail focused demand driven merchandising and inventory optimization solutions. Our solutions help retailers realize the highest value from their inventory investment by understanding consumer demand and acting on it to optimally leverage their supply chain.  Many of the world's top retailers are already Quantum clients. Quantum is privately held and is headquartered in Minneapolis, Minnesota. For more information on Quantum Retail technology, please visit our website at http://www.quantumretail.com

Quantum Retail and Q are registered trademarks of Quantum Retail Technology, Inc. All other trademarks are owned by their respective companies.

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SOURCE Quantum Retail Technology, Inc.

Related Links

http://www.quantumretail.com