Last updated on April 19, 2014 at 7:21 EDT

Abercrombie & Fitch to Present at RILA Loss Prevention, Audit and Safety 2012 on Item-level Profit Opportunities

April 17, 2012

WALTHAM, Mass., April 17, 2012 /PRNewswire/ — Profitect, a provider of solutions that increase profitability throughout the retail supply chain, today announced that the company will demonstrate its modular profit amplification suite in booth #513 at the 2012 RILA Loss Prevention, Audit and Safety Conference, April 22-25 at the Gaylord Texan Resort & Convention Center.

(Logo: http://photos.prnewswire.com/prnh/20110712/NE33204LOGO )

Additionally, executives from Profitect customer Abercrombie & Fitch, one of the most profitable retailers in the industry, will speak about how they are translating inventory information into item-level profit opportunities, insights and trends on Monday, April 23 at 11:00 a.m. Speakers include:

  • Dennis Klein, Vice President of Loss Prevention
  • Scott Noschang, Manager of Shortage Control of Loss Prevention

“Once our data was loaded into the Profitect system, we immediately identified an issue we had with our damages, which we weren’t even looking at since we were focusing on shrink,” said Dennis Klein, Vice President of Loss Prevention, Abercrombie & Fitch. “Once we were able to provide other areas of the company with this data, we saw that the software was not only valuable to us, but it made my department more valuable to the company.”

Profitect’s profit amplification solution has enabled Abercrombie & Fitch to discover and actualize untapped profit and growth opportunities across the retail value chain.

“Profitect is excited to attend this year’s RILA Loss Prevention, Audit & Safety Conference,” said Guy Yehiav, CEO of Profitect. “We are especially excited to hear Dennis showcase how our technology allows them to redefine the role of loss prevention within the company.”

About Profitect
Profitect’s enables retailers to quickly discover and actualize untapped growth and profit opportunities across the entire retail value chain. Profitect’s algorithms quickly identify measurable profit optimization opportunities through the identification of value chain margin leakage, waste, process errors, operational risks and damages and shrink — returning intelligent, prioritized actions for increasing profit. For more than 16 years, Profitect’s expertise has successfully amplified profits for retailers worldwide and delivered immediate ROI supported by modular, quick, non-disruptive deployment of modern, scalable technology and time-tested best practices. With 100% customer success, Profitect consistently fulfills its commitment to deliver more than 5% profit increase within six months.

SOURCE Profitect

Source: PR Newswire