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Press Releases - August 8, 2019
Zebra Technologies’ Prescriptive Analytics Suite Helps The Home Depot Battle Shrink
Zebra Technologies’ Prescriptive Analytics Suite Helps The Home Depot Battle Shrink LINCOLNSHIRE, Ill. – August 8, 2019 – Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable organizations to gain a performance edge, today announced The Home Depot has selected Savanna® Prescriptive Analytics to help prevent fraud by identifying opportunities […]
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News - July 15, 2019
Amazon Prime Day Brings Sales, and Risks, for Retailers
Amazon had already revolutionized the way people read books, watch TV and shop online. And now it has succeeded in transforming the retail calendar. Monday is the start of Amazon’s annual Prime Day sale, when subscribers to the company’s Prime service get major discounts on everything from flat-screen TVs to Ben & Jerry’s ice cream. Now […]
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News - June 20, 2019
Forbes: Closing The Gaps: Three Considerations For A Successful Omnichannel Strategy
For retailers to successfully win over the modern retail customer, an integral omnichannel strategy is key. In my experience, I have found that the retailers with the most successful omnichannel strategies enjoy better customer retention, bigger baskets, higher profits and margins, and less waste. However, it should not be forgotten that omnichannel retail is…[Read More]
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News - June 12, 2019
Money Inc.: Why CPFR Needs Prescriptive Analytics
Today’s consumers, expecting unlimited choice in shopping, purchasing, and consumption, have sparked a competitive explosion in product variation, points of sale, delivery options, integrated sales, and delivery policies. Meanwhile, global sourcing, regulatory variation, and supply risk have complicated the upstream picture (such as through tariffs, for example), making it harder than ever in some cases to […]
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Press Releases - June 4, 2019
Zebra Technologies Completes Acquisition of Profitect Inc.
Zebra Technologies Completes Acquisition of Profitect Inc. LINCOLNSHIRE, Ill. – June 3, 2019 – Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced that it has completed its acquisition of Profitect Inc., a privately-held, leading provider of prescriptive analytics for the retail and […]
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News - May 31, 2019
Supply Chain Brain: Flexibility & Visibility in the Supply Chain
The importance of visibility in the retail supply chain can’t be overstated, says Kelli Woelfel, Vice President of Industry Solutions at Profitect…[View More]
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Press Releases - May 31, 2019
Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019
Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019 BURLINGTON, Mass. — May 31, 2019– Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company was recognized as a “Top 10 Fastest Growing Inventory Management Solution Provider 2019” by […]
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News - May 22, 2019
WWD: Zebra Technology Earning More Retail Stripes With Acquisition
Zebra Technologies Corporation announced its intent to acquire Profitect, a software-as-a-service organization that provides retail and consumer packaged goods companies with prescriptive analytics solutions….[Read More]
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Press Releases - May 20, 2019
Zebra Technologies to Acquire Profitect Inc.
Zebra Technologies to Acquire Profitect Inc. Acquisition extends Intelligent Edge Solutions portfolio and advances Enterprise Asset Intelligence vision LINCOLNSHIRE, Ill. & BURLINGTON, Mass.–(BUSINESS WIRE)–May 20, 2019–Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced it intends to acquire […]
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News - May 20, 2019
Loss Prevention Magazine: Zebra Technologies to Acquire Prescriptive Analytics Provider Profitect
Zebra Technologies announced it intends to acquire Profitect, a leading provider of prescriptive analytics for the retail and consumer packaged goods (CPG) industries. Zebra is an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a…[Read More]
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News - May 20, 2019
RIS: Brookshire Brothers Improves Sales and Reduces Shrink with Prescriptive Analytics
Brookshire Brothers is leveraging next-gen prescriptive analytics to crack tough-to-solve cases involving markdown abuse, post voids, and other criminal activity by associates and external subjects, including ORC rings. The Profitect Inc solution empowers the retailer to…[Read More]
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Press Releases - May 15, 2019
Profitect Announces 182% Year-Over-Year Revenue Growth
Profitect Announces 182% Year-Over-Year Revenue Growth Retail & CPG Momentum of Profitect’s Prescriptive Analytics Solution Sees Company Retail Location Deployments at 53,000+ Supporting More than 40,000 Concurrent Users BURLINGTON, MA – May 15, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company experienced 182 percent […]
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News - May 2, 2019
Chain Store Age: Regional grocer gets jump on fraud
Texas-based grocery retailer Brookshire Brothers is using advanced analytics to stay ahead of fraud schemes. Brookshire Brothers, which operates more than 100 stores in Texas and Louisiana, leverages the Profitect sales…[Read More]
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News - May 1, 2019
Loss Prevention Magazine: Partnering With Retailers
Five executives discuss what makes vendors successful solutions providers…[View More]
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News - May 1, 2019
Diginomica: Why prescriptive analytics matters – the view from Profitect customers
Prescriptive analytics has my attention. Most users don’t have time to assess data – they need exception alerts and next best actions. Here’s what I’ve learned talking to Profitect customers. Now and then, a terrific story falls through the cracks. But sometimes the topic is worth fighting for….[Read More]
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Press Releases - May 1, 2019
Brookshire Brothers Leverages Profitect’s Prescriptive Analytics to Optimize Efficiency, Improve Sales, and Reduce Shrink
Brookshire Brothers Leverages Profitect’s Prescriptive Analytics to Optimize Efficiency, Improve Sales, and Reduce Shrink Leading Retailer to Present on Business Benefits Grocer Has Achieved with Profitect at Retail Industry Leaders’ Association (RILA)’s Asset Protection Conference BURLINGTON, MA – May 1, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, […]
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News - April 26, 2019
RetailWeek: Two easy ways to make product returns profitable
Traditionally an area of loss for retailers, product returns can instead become an opportunity to increase revenue and customer satisfaction. A recent study by GlobalData predicted the cost of online returns for UK retailers will hit £5.6bn by 2023….[Read More]
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Press Releases - April 25, 2019
The Loss Prevention Foundation (LPF) Announces Profitect is Now a Doctorate Level Partner with Organization
The Loss Prevention Foundation (LPF) Announces Profitect is Now a Doctorate Level Partner with Organization Profitect & LPF Working Together to Drive Future Loss Prevention Professional’s Growth Matthews, NC, April 25, 2019 – The Loss Prevention Foundation (LPF) announces that Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, is for […]
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Press Releases - April 24, 2019
Profitect Is Named a Top 10 Artificial Intelligence Solution Provider for 2019 by Retail CIO Outlook Magazine
Profitect Is Named a Top 10 Artificial Intelligence Solution Provider for 2019 by Retail CIO Outlook Magazine Burlington, MA – April 24, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company is named a “Top 10 Artificial Intelligence (AI) Solution Provider – 2019” by Retail […]
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News - April 4, 2019
Forbes: Opening A Tech Company In 2019? Consider These Four Hiring Factors
You’re almost there — you came up with an innovative new idea, secured funding to see it through and are on your way to developing a new technology company. So what’s next? You need to hire the right talent to make your vision a reality. For entrepreneurs starting new businesses from scratch, it can be […]
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News - March 19, 2019
Chain Store Age: Four Strategies Retailers Can Use to Weather Higher Shipping Costs
Recently, FedEx and UPS announced new rate hikes for 2019. These increases in shipping costs, averaging 4.9%, have sparked some anxiety among retailers. They’re another burden on already-thin retail profits, and now threaten one of the most important perks in modern retail: free shipping. (See FedEx’s full rate guide here; UPS’ here.) In my conversations with some […]
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Press Releases - March 11, 2019
Profitect to Present at University of Indianapolis Loss Prevention Seminar
Profitect to Present at University of Indianapolis Loss Prevention Seminar CEO Guy Yehiav to Discuss How to Leverage Prescriptive Analytics to Reduce Shrink, Increase Sales, and Drive Faster Case Resolutions BURLINGTON, MA – March 11, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced that in […]
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News - February 26, 2019
Retail Customer Experience: Is your gift card program ready for Gen Z?
Although many of those in today’s youngest generation are still in their teens, Gen Z is already being defined and most well-known for being the first true digital natives. Raised by Gen X parents who came of age in the big-hair, MTV era of the 80s, Gen Z is growing up to be optimistic yet […]
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Press Releases - February 26, 2019
62 Percent of U.K. Generation Z Shoppers Choose In Store Retail Experiences
62 Percent of U.K. Generation Z Shoppers Choose In Store Retail Experiences Survey of More Than 1,000 U.K. Gen Zers Reveals Shopping Preferences and Workplace Behaviours BURLINGTON, MA– February 26, 2019 –Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a survey in partnership with Retail […]
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News - February 19, 2019
Forbes: Paving The Way For Gen Z In Tech
Gen Z — also known as those born after the mid-1990s — is quickly overtaking Millennials as the newest emerging consumer group and hires in the enterprise. In fact, Bloomberg indicates that Gen Z will make up 32% of the global population within this year. Despite this significance, relatively little research has been done by enterprises on […]
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Press Releases - February 19, 2019
Profitect Strengthens Collaboration with Zebra Technologies, Co-Exhibits at EuroCIS
Profitect Strengthens Collaboration with Zebra Technologies, Co-Exhibits at EuroCIS Leading European Event Marks Fourth Time Two Companies Working Together to Drive Brand Awareness at Industry Conferences BURLINGTON, MA – February 19, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced the company is strengthening the collaboration with […]
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Press Releases - February 14, 2019
RILA Recognizes Profitect as Leader in Data Analytics, Industry Innovation
RILA Recognizes Profitect as Leader in Data Analytics, Industry Innovation Ongoing Partnership Fosters Collaboration With Retail Community Arlington, VA – 2/14/2019 – The Retail Industry Leaders Association (RILA) today recognizes Profitect, a leader in prescriptive analytics software, as a valuable strategic partner to the Association and the industry. As a solution provider to the retail […]
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Press Releases - February 12, 2019
Profitect to Present at Ohio Grocers Association 2019 Loss Prevention Summit
Profitect to Present at Ohio Grocers Association 2019 Loss Prevention Summit Vice President Kelli Woelfel to Discuss Leveraging Prescriptive Analytics to Improve Self Checkout Practices and Minimize Total Retail Loss BURLINGTON, MA – FEBRUARY 12, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced that Profitect Vice […]
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News - February 8, 2019
Retail Customer Experience: Canadian grocer partners with Profitect to enhance reporting, boost customer satisfaction
Canadian grocery retailer Sobeys is partnering with prescriptive analytics provider Profitect to boost customer satisfaction and reduce shrink. Sobeys will replace its legacy exception-based reporting technology with Profitect’s sales and EBR solution to analyze sales data as well as detect fraud, reduce shrink and gain greater labor efficiencies. It also hopes to enhance training opportunities as […]
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News - February 7, 2019
Total Retail: Getting the Most Out of Your Gen Z Workforce
As many retailers are already aware, Generation Z (Gen Z) is not only a population with purchasing power as consumers, but also quickly emerging as tech-savvy employees. Gen Z habits are accelerating the future of retail, including in-store work processes. According to a recent survey of more than 1,000 Gen Zers nationwide between the ages of 18 […]
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News - February 6, 2019
RIS News: Sobeys to Improve Customer Satisfaction and Reduce Shrink
Canadian grocer Sobeys is replacing their legacy Exception Based Reporting (EBR) solution with Profitect’s Sales & EBR module. The retailer will use Profitect’s pattern detection and machine learning technology to analyze their sales data and create actionable opportunities that deliver value to their business. Areas of focus include fraud, shrink, process failures, training opportunities, loyalty […]
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News - February 6, 2019
Grocery Business: Sobeys partners with Profitect on prescriptive analytics
Sobeys has partnered with Profitect to reduce shrink and improve customer satisfaction. Profitect provides prescriptive analytics to the retail and CPG industries. Using pattern detection and machine learning, Profitect analyzes sales data and identifies ways to improve performance when it comes to fraud, shrink, process failures, training, loyalty behaviour and…[Read More]
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Press Releases - February 6, 2019
Sobeys Inc. Partners with Profitect
Sobeys Inc. Partners With Profitect Sobeys to Leverage Profitect’s Prescriptive Analytics to Improve Customer Satisfaction and Reduce Shrink BURLINGTON, MA – February 6, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, announced today the company has signed a partnership agreement with Sobeys Inc., a leading Canadian grocery retailer […]
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News - February 1, 2019
Loss Prevention Magazine: Using Analytics to Maximize On-Shelf Availability and Supply Chain Processes
Data analytics has been one of the major technology applications driving the evolution of retailing. While many of the analytics platforms are focused on in-store operations, the same techniques can help retailers fine-tune their logistics and supply chain operations to maximize merchandise, on-shelf availability, and support omni-channel retailing. LPM: In layman’s terms, what is predictive […]
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News - February 1, 2019
Women’s Wear Daily: How Retail Reacts as Shipping and Snail Mail Gets Pricier
The words “free shipping” usually catch the gaze of the deal-hungry shopper, but for retailers and direct-to-consumer brands, it means pressure to the bottom line. Recently, two other words — price increase — are being seen in announcements by the United States Postal Service, FedEx, UPS and other carriers. These are variable costs that, while […]
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News - January 30, 2019
Convenience Store Decisions: NRF BIG Show 2019 Highlights
The NRF, “Retails BIG Show,” is known for showcasing the technologies that power the retail industry. The show floor, which basically covers an entire Manhattan city block, encompasses 700+ exhibitors. Those exhibitors include everyone from Microsoft, Oracle and IBM and established tech giants with multi-level displays to kitchen-table-sized booths housing brand-new, first-time exhibiting startups…[Read More]
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Press Releases - January 29, 2019
Profitect Recognized by CIOReview Magazine Among 20 Most Promising Retail Solution Providers for 2019
Profitect Recognized by CIOReview Magazine Among 20 Most Promising Retail Solution Providers for 2019 Annual Ranking Acknowledges Leading Retail Technology Providers Delivering Innovation BURLINGTON, MA – January 29, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, was recognized by CIOReview as one of the “20 Most Promising Retail Solution […]
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News - January 23, 2019
RIS News: NRF Show Coverage From EnsembleIQ in 2019
NRF’s annual Big Show can be overwhelming, so every year readers check in with RIS to see catch up on all the retail news, trends and sessions they might have missed. The following is a list of our…[Read More]
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News - January 22, 2019
Loss Prevention Magazine: The World’s Largest Retail Conference Focused on Technology and Customer Experience
“I would love to say that retail is back, but that would be wrong,” said BJ’s Wholesale Club President and CEO Chris Baldwin with a pause. “Retail never went away,” he declared in opening remarks from the conference main stage. “As I stand here today, I can say that our industry is more healthy, vibrant, […]
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News - January 21, 2019
RIS News: Guy Yehiav Discusses Standing Out as a Retailer
To watch the video of Profitect CEO, Guy Yehiav, discussing standing out as a retailer, click here.
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News - January 17, 2019
CIO Review: Profitect: Bridging the Gap with Prescriptive Analytics and “Smart Tasks”
Many retailers find their existing analytics and reporting systems ineffective. To be successful, they need optimum visibility to anomalies in product behaviors, inventory movements, transactions, and more. Many “traditional” analytics systems, which usually create reports for interpretation, are focused on the report and visualization, rather than the corrective action and workflow. Profitect, an award-winning software […]
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News - January 17, 2019
Money Inc: Retail Supply Chain: Its Evolution and Where We’re Headed
As customer demands have shifted due to the popularity of mobile commerce and omnichannel retailing, retail brands’ supply chain operations have had to evolve to match. Retailers are acutely aware of the role data plays in business success, and supply chain operations are grappling with making the most of the data collected. This article will […]
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Press Releases - January 10, 2019
Profitect to Present on Two Speaking Panel Sessions at NRF 2019 – Retail’s BIG Show & Expo
Profitect to Present on Two Speaking Panel Sessions at NRF 2019 – Retail’s BIG Show & Expo BURLINGTON, MA – January 10, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will be participating in two speaking panel sessions at the 2019 NRF Big Show. […]
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News - January 8, 2019
RetailWeek: Gen Z: Inside the Minds of Retail’s Chief Disruptor
Born in 1996 or later, Gen Z are identified as the most tech-savvy consumer group, but the majority (63%) still enjoy the physical shopping experience. This is one of the key findings from a major new Retail Week report, Generation Z: The shopping and work habits of retail’s chief disruptors, produced in association with Profitect, […]
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Press Releases - January 8, 2019
Profitect Voted a Top Software Vendor by Retailers Across 15 Categories in 2019 RIS Software Leaderboard
Profitect Voted a Top Software Vendor by Retailers Across 15 Categories in 2019 RIS Software Leaderboard Profitect Secures Top Rankings in ROI, Customer Satisfaction, Technology Innovation and Overall Performance in Renowned “Best of the Best in Retail Tech” Report BURLINGTON, Mass., January 8, 2019 — Profitect Inc., the leading prescriptive analytics provider for retail and […]
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News - January 7, 2019
The Hayes Report
Winter 2018-19 Can you believe it? 2018 is already in the past and 2019 promises to bring the Loss Prevention/Asset Protection and Safety industries even more challenges in the year ahead. Presidents and CEOs will be counting on their Loss Prevention/Asset Protection and Safety teams to help increase their company’s bottom-line profits through shrinkage/loss reduction. […]
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News - January 2, 2019
RIS News: Top Women in Retail Tech 2019
Retail is in an era of rebirth. Traditional retailers have been forced to adopt an innovate or die approach to keep pace with new market entrants that have redefined what retail is and should be. Amid this upheaval, new industry leaders are emerging who are charting a new course for career success. RIS’ third annual […]
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News - December 5, 2018
2019 RIS Software Leaderboard
The annual must-read report ranking the best of the best in retail technology. Download this report to see which retail software providers ranked in more than 50 head-to-head charts. Find out which vendors score the highest customer satisfaction ratings among those who count most — retailers who use the software…[Read More]
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News - December 4, 2018
RIS News: Understanding Gen Z Habits to Help Boost Sales
Every year retailers spend hours planning campaigns to effectively market holiday sales to different consumer age groups. However, this year retailers are spending a little extra time focusing on Generation Z shoppers. Generation Z (Gen Z), the newest emerging consumer group born after the mid-1990s through the early 2000s, is set to reach 2.6 billion […]
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News - December 4, 2018
Chain Store Age: Commentary: A Closer Look at Gen Z
Generation Z (Gen Z) is the newest emerging consumer group, born after the mid-1990s through the early 2000s, these consumers are quickly reaching the age of substantive disposable income. According to a Bloomberg analysis of United Nations data, Gen Z will comprise 32% of the global population of 7.7 billion by 2019. This means […]
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News - November 29, 2018
Retail Customer Experience: Gen Z retail associates will impact industry, claims report
Gen Z retail store associates will drive adoption of digital solutions within the retail enterprise, given the increasing numbers working in the industry. Nearly 50 percent of today’s Gen Zers are working in retail, according to a Profitect survey, and 65 percent believe antiquated processes in task management and …[Read More]
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News - November 28, 2018
Money Inc: Debunking Misconceptions of Prescriptive Analytics
Many organizations realize they want a better understanding of their data and have identified the need to implement advanced analytic approaches. They have built beautiful dashboard visualizations and hired large teams of data scientists (many with Ph. D.’s and commanding high salaries) to gain the insight they lack. However, what is often forgotten are the […]
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News - November 21, 2018
Forbes: Pragmatic AI For Retail: An Introduction
Across many industries, innovators are looking at machine learning as a solution for bringing their organization to the next level of productivity. Retail is no different. Many organizations have already adopted machine learning and artificial intelligence solutions and are reaping the rewards. In my experience working with retail companies, those that have implemented AI solutions have […]
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News - October 23, 2018
Retail Touchpoints: How Retailers Can Make The Most Of “America’s Hottest Job”
Bloomberg recently declared the data scientist to be “America’s Hottest Job,” citing a national trend of employing those with a master’s degree in applied statistics or similar training by leading companies such as Airbnb and Uber. This hiring trend is driven by company leaders who realize the importance of capturing, understanding and learning from the […]
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News - October 17, 2018
Retail Leader: Gen Z to redesign holiday expectations
October 17, 2018 Retailers are trying to get a headstart with their holiday hiring strategy, but not all the available positions will likely be filled. However, according to a new survey done by Profitect, Gen Zers, aged 18-22, are already taking the retail industry processes by storm as both consumers and employees. The exclusive survey […]
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Press Releases - October 17, 2018
New Nationwide Consumer Survey Finds Gen Zers Will Redesign Expectations in Today’s Retail Workforce
New Nationwide Consumer Survey Finds Gen Zers Will Redesign Expectations in Today’s Retail Workforce Almost 50% of Gen Zers Already Working in Retail and Two-Thirds of this Digitally-Savvy Generation Crave New Solutions for Task Management and Reporting BURLINGTON, MA – October 17, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and […]
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News - October 5, 2018
Cultivating Your Tech Team’s Morale: 10 Ways To Motivate And Inspire Happiness
October 5, 2018 Motivating, engaging and improving team happiness are all goals of any good team manager. Low team morale can kill inspiration and creativity, as well as lead to poor performance. Meanwhile, higher morale and overall team happiness can lead to highly beneficial results. For example, a recent economics study at the University of […]
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Press Releases - October 3, 2018
Profitect’s Annual User Conference, PACT 2018 Commences in Hilton Head, South Carolina
Profitect’s Annual User Conference, PACT 2018 Commences in Hilton Head, South Carolina Prescriptive Analytics Collaborative Training (PACT) Conference Brings Senior Retail Executives Together BURLINGTON, MA – October 3, 2018 — Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced the launch of it’s annual user conference, Profitect PACT (Prescriptive […]
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News - September 19, 2018
Drug Store News: Study: Younger Shoppers Prefer Brick-and-Mortar Stores
September 19, 2018 The majority of Gen Z shoppers prefer to do their shopping in brick-and-mortar stores — especially when the locations are convenient. According to a survey of Gen Z shoppers (aged 18 to 22) by prescriptive analytics provider Profitect, 42% of respondents prefer to shop in-stores versus online. A further 34% prefer to […]
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News - September 19, 2018
Chain Store Age: Study: Gen Z Shoppers Like Physical Stores
September 19, 2018 The majority of Gen Z shoppers prefer to do their shopping in brick-and-mortar stores— especially when the locations are convenient. Study: Gen Z craves ‘novelty’ and experience According to a survey of Gen Z shoppers (aged 18 to 22) by prescriptive analytics provider Profitect, 42% of respondents prefer to shop in-stores vs […]
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News - September 18, 2018
Retail Leader: Here’s What Retailers Should Know About Gen Z
September 18, 2018 Generation Z is here to show that brick-and-mortar may indeed have a future, while also emphasizing the importance of retailers’ omnichannel execution. A recent study released by Profitect reveals that 76 percent of Generation Z (Gen Z) shoppers picked in-store as their top shopping destination. The survey of more than 1,000 U.S. […]
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News - September 18, 2018
NY Daily News: Gen Z Won’t Kill Brick-and-Mortar, New Surveys Say
September 18, 2018 If millennials are killing brick-and-mortar stores, then their successors might save it, according to new surveys that say some young shoppers actually like to shop in person. A survey from analytics firm Profitect Inc. said about 42 percent of shoppers age 18-22 (the post-millennial age group) prefer to shop in-store versus online. […]
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News - September 18, 2018
HomeWorld Business: Survey: Generation Z Consumers Enjoy In-Store Advantages
September 18, 2018 Profitect, a prescriptive analytics provider for the retail and consumer packaged goods industry, reported that, in a survey of Generation Z shoppers ages 18 to 22, 42% of respondents prefer to shop in-store versus online. A further 34% indicated that they prefer to shop in-store and online equally, while only 23% said […]
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News - September 18, 2018
RetailDive: Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination
September 18, 2018 New Survey Explores Shopping Preferences of U.S. Consumers, Ages 18-22 BURLINGTON, MA – September 18, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a new survey of more than 1,000 U.S. Generation Z (Gen Z) shoppers aged 18-22. The results […]
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Press Releases - September 18, 2018
Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination
Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination New Survey Explores Shopping Preferences of U.S. Consumers, Ages 18-22 BURLINGTON, MA – September 18, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a new survey of more than 1,000 U.S. Generation […]
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News - September 18, 2018
Orlando Sentinel: Gen Z Won’t Kill Brick-and-Mortar, New Surveys Say
September 18, 2018 If millennials are killing brick-and-mortar stores, then their successors might save it, according to new surveys that say some young shoppers actually like to shop in person. A survey from analytics firm Profitect Inc. said about 42 percent of shoppers age 18-22 (the post-millennial age group) prefer to shop in-store versus online. […]
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Press Releases - September 13, 2018
Profitect to Present at The 12th Annual New England Loss Prevention Expo
Profitect to Present at The 12th Annual New England Loss Prevention Expo Kelli Woelfel, VP of Industry Solutions to Discuss Prescriptive Analytics Benefits at Leading Asset Protection Conference September 13, 2018 — (Burlington, MA) Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced that Kelli Woelfel, VP of Industry Solutions will present […]
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News - August 31, 2018
Understanding Keys to AI Vendor Selection, Deployment
August 31, 2018 The world of artificial intelligence is frightening. No, not the danger of an army of AI-powered robots taking over the world (though that is a bit concerning). The real fear is that the wrong vendor is chosen or the rollout handled poorly. After all, AI is complex, not fully mature, in some cases […]
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Press Releases - August 29, 2018
The Loss Prevention Foundation (LPF) Announces Profitect as Newest Bachelor Level Partner
The Loss Prevention Foundation (LPF) Announces Profitect as Newest Bachelor Level Partner Profitect, the Leader in Prescriptive Analytics, Supports the LPF by Advancing Sponsorship Matthews, NC, August 29, 2018 – The Loss Prevention Foundation (LPF) today announced that Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, is its newest Bachelor […]
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News - August 10, 2018
Profitect CEO: Build Tech With Speed And Simplicity In Mind
August 10, 2018 Throughout his career, Guy Yehiav, CEO of Profitect, a prescriptive analytics software company based in Burlington, Mass., has learned two vital strategies when implementing large-scale tech projects. One—move fast. “When you implement something for six to nine months, a lot of things happen. People move their career onwards and upwards, and they […]
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News - August 7, 2018
Prescriptive Analytics Ushers in a New Era of Supply Chain Optimization
August 7, 2018: Supply chain digitization has escalated quickly as enterprises seek a better way to manage the huge volumes of data now associated with procurement, production and distribution. Supply chain executives have always tried to maximize their profitable operations, first locally within the manufacturing plant to minimize batch cost, and later linking it to […]
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Amazon News - July 18, 2018
Amazon’s Prime Day Rolls On Despite Technology Let Down
July 18, 2018: Now in its fourth year, the big news out of Amazon’s annual Prime Day event has taken a drastic shift. Traditionally, the days following the massive flash sale is filled with reports highlighting Amazon’s latest record-breaking sales numbers, but this year the back-patting narratives have taken a negative spin. The seemingly bulletproof […]
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News - July 16, 2018
Helping Retailers Stay Ahead By Gauging Sentiment
July 16, 2018: Online brand and product reviews today are an important part of the retailer-shopper relationship. As more consumers take to the Internet and social media to share their retail experiences and feedback, retailers must be keenly aware of how reviews impact brand reputation, risk and even their bottom line. Given this impact, reviews […]
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News - July 2, 2018
Loss Prevention Magazine: Using Analytics to Maximize On-Shelf Availability and Supply-Chain Processes
June 2018: Using Analytics to Maximize On-Shelf Availability and Supply-Chain Processes
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News - June 18, 2018
Supply Chain World: Looking Inside
June 18, 2018: It can’t be denied – supply chain digitization has escalated quickly over the last 30 years as enterprises needed a better way to manage the amount of data coming through their doors. With the increased availability of analytical solutions and the adoption of machine learning capabilities, looking inside consumer packaged goods and […]
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NRF Protect 2018 Press Releases - June 11, 2018
Profitect and Leading Beauty Retailer Present at NRF Protect 2018 Conference in Dallas
Profitect and Leading Beauty Retailer Present at NRF Protect 2018 Conference in Dallas Session to Focus on Combined Efforts of Finance & Loss Prevention for Success in Today’s Retail Market BURLINGTON, MA – June 11, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will […]
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Press Releases - June 6, 2018
Profitect Presents Prescriptive Analytics Successes at Rethinking Commerce Summit
Profitect Presents Prescriptive Analytics Successes at Rethinking Commerce Summit BURLINGTON, MA – June 6, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will be presenting at the Rethinking Commerce Summit 2018 in Tel Aviv, Israel. Profitect Managing Director of EMEA Yonatan Olsha will keynote […]
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News - June 6, 2018
Retail TouchPoints: 3 AI Success Stories: Tips From Overstock.com, Finish Line And H&M
June 6, 2018: An expanding group of retailers are implementing AI solutions to solve specific operational problems, from merchandising and marketing to promotions and pricing. AI’s growth reflects this — the technology’s market within retail is projected to reach $27.2 billion by 2025. Retailers are tapping AI to drive sales and anticipate demand (50%); understand consumer […]
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News WWD - June 4, 2018
WWD: Buried in Data? Prescriptive Analytics Helps Fashion Retailers Sift Through the Numbers
June 4, 2018: In today’s consumer-centric retail and fashionmarket, data is king. And retailers and brands generate a lot of it. From sku-level product information to point of sale data, the numbers can help inform pricing and merchandising strategies. But sorting through mountains of data and daily reports can strain retailers and brands, and pull them from doing […]
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News - June 4, 2018
Venture Fizz: Summer Reading – Boston Tech Shares What They Are Reading (Part 1: Business/Entrepreneur Books)
June 4, 2018: Summer Reading – Boston Tech Shares What They Are Reading (Part 1: Business/Entrepreneur Books)
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News - May 30, 2018
Progressive Grocer: Doubling Down on Data
May 2018: In today’s world of grocery, retailers are no longer the ones calling the shots — consumers are. And more than ever before, they want a closer relationship with the stores they shop. This reality is especially true in the grocery business. According to the “2018 Private Brand intelligence report,” from stamford, conn.-based branding […]
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Press Releases - May 16, 2018
Retail Industry Luminary Andrea Weiss Joins Profitect Board of Directors
Retail Industry Luminary Andrea Weiss Joins Profitect Board of Directors Weiss Joins a Board of Six Industry Veterans and Innovators Advising the Organization BURLINGTON, MA – May 16, 2018 – Profitect Inc., the leading prescriptive analytics solution provider for the retail and CPG industry, today announced Andrea Weiss has joined its Board of Directors, effective […]
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Press Releases RILA AP 2018 - May 8, 2018
Profitect Wins Retailers’ Choice Award for Third Consecutive Year at RILA Retail Conference 2018
Profitect Wins Retailers’ Choice Award for Third Consecutive Year at RILA Retail Conference 2018 Profitect’s Machine Learning Also Wins for Innovation at Leading Retail Event in Orlando BURLINGTON, MA – May 8, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced its third consecutive win of the […]
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Press Releases RILA AP 2018 - April 30, 2018
Profitect to Co-Present on Mobile-First Approach to Total Retail Loss at 2018 RILA Asset Protection (AP) Conference in Orlando
Profitect to Co-Present on Mobile-First Approach to Total Retail Loss at 2018 RILA Asset Protection (AP) Conference in Orlando Profitect Contending Finalist for Third Consecutive Year of (R)Tech AP Innovation Award BURLINGTON, MA – April 30, 2018 – Profitect Inc., the leading prescriptive analytics solution provider for the retail and CPG industry, today announced the […]
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News - April 16, 2018
Fierce Retail: Q&A—The growth of prescriptive analytics
April 16, 2018: Retailers have been diligently capturing data, but many still struggle with harnessing that information to take needed action. In the past, most retailers turned to business intelligence and reports to help take action. But Guy Yehiav, CEO of prescriptive analytics provider Profitect, says that reports are continuously delivered and employees are spending countless hours […]
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News - March 16, 2018
Sports Insight Extra: Bob McGee’s podcast with Guy Yehiav
March 16, 2018: Sport’s Insight Extra’s Bob McGee’s podcast with Guy Yehiav
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Press Releases - February 26, 2018
Profitect and Beauty Supply Customer Present on Supply Chain Success at RILA Retail Supply Chain Conference in Phoenix
Profitect and Beauty Supply Customer Present on Supply Chain Success at RILA Retail Supply Chain Conference in Phoenix Profitect Customer to Detail How the Retailer Has Leveraged Prescriptive Analytics to Drive Supply Chain Efficiency, Monday February 26 at 3:00 pm BURLINGTON, MA – February 26, 2018 – Profitect Inc., the leading prescriptive analytics solution provider […]
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News - January 28, 2018
Forbes: This Is What The Retail Industry Is Talking About Now
January 28, 2018: In the retail industry, the largest annual exposition is usually the National Retail Federation Big Show that takes place every January in New York. Not withstanding the enormous amount of recent retail store closings, the mood at this year’s just-concluded Big Show was buoyant. Mike Webster, Senior Vice President at Oracle said it straight out, “We’re […]
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News - January 26, 2018
Forbes: The Top Technology Solutions For Customer Engagement At NRF 2018 Retail’s Big Show
January 26, 2018: The products and services on display are designed to help retailers improve service, awareness, shopper consideration, engagement and the postpurchase experience. Three of the customer engagement solutions on display in the Innovation Lab struck me as especially useful. Profitect has created an analytics platform that provides retailers with real-time data from all areas of […]
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News - January 22, 2018
RIS News: Guy Yehiav & Kelli Woelfel of Profitect Talk Practical Artificial Intelligence
January 22, 2018: RIS News’ Editorial Director Joe Skorupa talks to Guy Yehiav, CEO & Chairman of the Board, and Kelli Woelfel, Vice President Industry Solutions, both of Profitect, during NRF’s 2018 Big Show in New York. [Read More]
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News - January 16, 2018
RIS News: Bombogenesis at the 2018 NRF Big Show
January 16, 2018: The weather was not frigid at the 2018 NRF Big Show, but there was a winter cyclone under the roof of the Jacob Javits Convention Center. Coming off a year of booming sales and historic store closings, 35,000 retailers gathered to search for methods to survive and thrive in a time of […]
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Press Releases - January 15, 2018
ascena retail group, Belk Join Profitect for Executive Panel on Artificial Intelligence, Machine Learning, & Prescriptive Analytics at NRF 2018
ascena retail group, Belk Join Profitect for Executive Panel on Artificial Intelligence, Machine Learning, & Prescriptive Analytics at NRF 2018 Senior Executive Panel Monday at 4:00 pm ET at NRF Expo Hall, Big Ideas Room 4, Level 3 New York, NY (NRF Big Show – Booth #4253) – January 15, 2018 – Profitect Inc., the […]
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Press Releases - December 13, 2017
Profitect Holds Celebration for New Headquarters in Burlington, MA Featuring Governor Charlie Baker, Friday, December 15 at 4:00 pm ET
Profitect Holds Celebration for New Headquarters in Burlington, MA Featuring Governor Charlie Baker, Friday, December 15 at 4:00 pm ET Larger Headquarters to Support Second Consecutive Year of 200%+ YoY Growth BURLINGTON, MA – December 13, 2017 – Profitect Inc., the leading prescriptive analytics provider for retail, wholesale, and the CPG industry, today announced that […]
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Press Releases - December 11, 2017
Profitect Voted #1 by Retailers in 2017 RIS Software LeaderBoard
Profitect Voted #1 by Retailers in 2017 RIS Software LeaderBoard Profitect Secures #1 Rankings in Overall Performance, Total Cost of Operations, and Ease of Installation and Integration BURLINGTON, MA – December 11, 2017 – Profitect Inc., the leading prescriptive analytics provider for retail, wholesale, and the CPG industry, today announced the company achieved several #1 […]
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News - November 30, 2017
STORES: Making Knowledge Powerful: Inventory integration drives loss prevention efforts at DSW
December 2017: Making Knowledge Powerful: Inventory integration drives loss prevention efforts at DSW “Profitect can take very detailed data and express it in layman’s terms for anybody to be able to interpret with those prescriptive actions,” says Jordan Rivchun, director at DSW.
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Press Releases - September 25, 2017
Profitect and Global Retail Customer Community Come Together to Kick Off Annual User Conference PACT 2017
Profitect and Global Retail Customer Community Come Together to Kick Off Annual User Conference PACT 2017 Profitect Brings Senior Executives of Global Retailers to Fort Lauderdale for Three Days of Education, Networking, and Collaboration September 25-27 WALTHAM, MA – September 25, 2017 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG […]
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Press Releases - September 5, 2017
Profitect to Discuss Prescriptive Analytics Success at Goldman Sachs 24th Annual Global Retailing Conference in New York City
Profitect to Discuss Prescriptive Analytics Success at Goldman Sachs 24th Annual Global Retailing Conference in New York City Profitect CEO Guy Yehiav to Detail Developments in Machine Learning, Artificial Intelligence, and Retail Trends on Panel Session of Emerging Technology Solutions for Retail on Wednesday September 6 at 3:55 pm ET WALTHAM, MA – September 5, […]
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Press Releases - June 26, 2017
Leading Retailers Make Waves with Prescriptive Analytics at NRF Conference in Washington, DC
Leading Retailers Make Waves with Prescriptive Analytics at NRF Conference in Washington, DC Breakout Session to Feature How DSW Leveraged Prescriptive Analytics to Redefine Shrink and Exception Based Reporting (EBR) to Drive Success at Renowned Retail Technology Conference WALTHAM, MA – June 26, 2017 – Profitect Inc., the leading prescriptive analytics provider for the retail […]
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News - June 19, 2017
IT talent: How to recruit the class of 2017
June 19, 2017: In the ongoing war for tech talent, CIOs want to recruit the next generation of IT professionals – those graduating in the class of 2017 – before they are scooped up by competitors. But now that every company is a technology company and competition is at an all-time high, enterprises have to go much further than […]
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News - May 8, 2017
RBTE 2017: Asda Reduces Workload Involved in Updating Prices
May 8, 2017: RBTE 2017: Asda reduces workload involved in updating prices
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We're looking forward to hosting our customers at our annual #PACT19 conference at Disney in Orlando, FL next month for a few days of fun and collaborative learning. #ProfitectCustomers can still reserve a spot here: growprof.it/2LpTlze
#ProfitectCustomer @dsw_us has upgraded its loyalty program in order to improve the customer experience and increase sales. To learn more, check out this article from @NRFnews: growprof.it/31Cap9l
Why should you attend our annual #PACT19 user conference September 11-13 in Orlando? Register today and to learn how some of our customers have seen success with prescriptive analytics and hear from influential keynote speakers from around the world! growprof.it/2LpTlze
Ask the Expert! @ZebraTechnology's acquisition of Profitect has many wondering about the difference between #prescriptiveanalytics and #predictiveanalytics. Find out in this blog post from @guyyehiav and @tbian: growprof.it/2McgSEr
Learn how #ProfitectCustomer @HomeDepot is implementing our prescriptive analytics solution in order to reduce shrink and eliminate fraud in this article from @risnewsinsights: growprof.it/2N6VHD4
