by Angela Guess
A new press release out of the company reports, “Smart Retail Solutions (SRS) is led by President & CEO Larry Miller, the founder of Shrink Trax (1991-2008) – a 25 Year Industry Leader in Retail Business Analytics, Store Operations Best Practices and Shrink Prevention for Sales and Profit Improvement. Smart Retail Solutions’ debut solution ProfitTrax is dedicated to serving Retail Operations, Loss Prevention and Merchandising with a simple mission: Helping Retailers to Run Better Stores.”
The release continues, “ProfitTrax is a Business Intelligence Platform for Store Directors and Department Managers that simplifies and interprets storewide data and performs multi-dimensional correlations with a state-of-the-art ‘Data/Practices Correlator’ Engine. Once data is imported, ProfitTrax decodes and translates the data into Plain English Diagnostic Narratives and Daily Action Statements that are distributed directly to store teams to fix sales and profit leaks while tracking store progress. SRS has found that their solution positively modifies user behavior to produce real, sustainable Sales and Profit Growth.”
SRS President & CEO, Larry Miller, commented, “We believe that true Business Intelligence occurs when there is a convergence of People, Analytics and Practices that achieve a simple, repeatable and sustainable change in the way store teams can consistently grow sales and profit. Simply: most Business Intelligence of the last 5 years is not very intelligent. ProfitTrax changes that.”
Photo credit: Smart Retail Solutions