Hispanic Retailer Cardenas Markets Picks Park City Group to Optimize Store-Level Inventory
ONTARIO, Calif.--(BUSINESS WIRE)-- Cardenas Markets, a 28-store chain operating in California and Nevada, is partnering with Park City Group (PCYG) (NYSE Amex: PCYG), a leader in consumer goods supply chain technology, to increase sales and reduce out-of-stocks. Cardenas Markets will use technology from Park City Group to increase shelf visibility of products delivered directly by suppliers and optimize inventory at each store based on consumer demand.
Park City Groups suite of solutions will enable Cardenas Markets and their trading partners to drive operational efficiencies, increase sales and optimize performance in their supply chains. The web-based applications provide visibility into store-level product movement, allowing suppliers to spend more time merchandising product and removing time-consuming operational labor from the retailer-supplier relationship.
At Cardenas Markets, we are all about engaging our customers by
anticipating and fulfilling their needs. Park City Group solutions help
us improve our knowledge of shopper behaviors and enable us to make
better marketing and merchandising decisions.
Trina Guoz, Director of Purchasing, Cardenas Markets, Inc.
Were proud of our partnership with Cardenas Markets, a well respected,
innovative and successful retailer. As the retail industry becomes more
competitive, leading retailers will continue to find new ways to offer
great value based on a comprehensive understanding of their shoppers.
Randall K. Fields, Chairman and CEO of Park City Group.
About Cardenas Markets
At Cardenas Markets our customers are part of the family. Our commitment is to make your shopping experience unique and enjoyable, and to provide you with an excellent selection of quality products, with specialties and flavors from Latin America. From our house to yours, we are proud to serve you. More information is available at www.cardenasmarkets.com.
About Park City Group
Park City Group (NYSE Amex: PCYG) is a Software-as-a-Service provider that brings unique visibility to the consumer goods supply chain. With over $100 million invested in development and 16 years of commercialization surrounding its proprietary scan based data platform, the Companys services increase customers sales and profitability, while ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales Optimization", Park City Group helps retail and consumer packaged goods customers turn transactional information into actionable strategies to lower inventory, increase sales and improve efficiencies in the supply chain. More information is available at www.parkcitygroup.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, if, should and will and similar expressions as they relate to Park City Group, Inc. (Park City Group) are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see Risk Factors in Park Citys annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Ronald Margulis (For Park City)
Cardenas Markets, Inc.
Trina Guoz, Director of Purchasing
Three Part Advisors, LLC
Dave Mossberg (For Park City)
Source: Park City GroupCopyright Business Wire 2012