DEERFIELD, Ill., Sept. 9, 2015 (GLOBE NEWSWIRE) -- Today, Market6 announced two major milestones – surpassing 1,000 customers and being named to the 2015 Inc. 500 Fastest Growing Private Companies for the second year in a row. Three year growth for Market6 eclipsed 931%. Market6 provides web-based retail collaboration solutions with advanced analytics built in to help retailers and suppliers drive insights, make smarter decisions, and deliver measurably better results.
"We are very pleased with both milestones," reports Jim Kelly Jr., CEO of Market6. "Retailers and suppliers in the grocery ecosystem have affirmed the need for collaborative analytics solutions in support of operational excellence. Our solutions are being used daily to help our customers execute in the areas of supply chain analysis, growth planning, merchandising and category management. Retailers and suppliers can more effectively run their businesses in a collaborative way since they both have visibility into the same analytics used to solve problems in out of stocks, promotional effectiveness, new item introductions and inventory management", stated Jim Kelly Jr.
Growth Drivers
A number of business drivers are leading to the rapid adoption of Market6 solutions. Consumer marketing continues to splinter into finer segments that have clearly demonstrated patterns to shop at more than one store. The rise of multi-channel purchasing options including home delivery, click and collect and a digital path to purchase translate into a fierce struggle to retain customers, sell more and satisfy their changing needs. While the big brands still play a major role in grocery, the number of smaller brands is exploding. Some smaller brands have demonstrated they can drive growth quickly but with so many added to the mix comes additional complexity.
Market6 has demonstrated time and again that it can deliver results for both retailer and suppliers. The value typically comes in two forms – short term benefits recognized right away and more strategic benefits realized through growth planning and merchandising. Using integrated supply chain views of data, retailers and suppliers can better manage inventory levels, increase on shelf availability and reduce out of stocks. They experience higher sales for in store events. On the more strategic side, retailer-supplier collaboration leads to more efficient planning, better allocation of support resources and a focus on what matters most in merchandising. All of this translates into higher sales dollars.
Market6 Opens New Offices & Drives Innovation
Market6 growth has fueled a rash of new hires. Over fifty five net new employees have been added in the last 12 months with new offices established in Deerfield, Illinois and Cincinnati's Over-the-Rhine historic district. "We are currently working on a set of new enhancements that expand our vision for collaborative solutions. They include new sources of data, new metrics and more efficient ways for retailers and suppliers to use our advanced analytic functions and collaboration," reports Jim Kelly Jr. "We are focused on delivering solutions in the areas of budgeting, planning, replenishment and merchandising and look forward to continued growth through the remainder of this year and 2016."
ABOUT MARKET6
Market6 provides web-based retail collaboration solutions with advanced analytics built in to help retailers and suppliers drive insights, make smarter decisions, and deliver measurably better results. More than 1,000 U.S. grocers and consumer products companies collaborate using Market6 and optimize retail operations every day. Key customers include Kroger, Roundy's, Red Bull, L'Oreal, Kraft Foods, Land-O-Lakes, P &G, Fresh Express, Campbell's Soup and Delicato Family Vineyards, to name a few.
To find out more about Market6, visit the resources section of www.market6.com or call 1-800-371-1725
Market6 surpasses 1,000 customers and named to the Inc. 500 Fastest Growing Private Companies for the second year in a row
| Source: Market6, LLC