New GrocerKey Functionality Brings Profitability to Online Grocers
Latest Software Release Gets Trade Funds Online for Retailers through Partnerships with CPG Companies
December 6, 2017- Madison, WI
GrocerKey (www.grocerkey.com), an eCommerce software and operations leader, today announced that its latest software release now includes retailer-centric ad campaign capabilities to highlight, promote, and drive shopper behavior to specific items and brands during online shopping. Additionally, GrocerKey is partnering with CPG manufacturers and retailers to reward their online shoppers with additional ad dollars.
As grocers offer more online capabilities for shoppers, there is increasing pressure to make digital transactions profitable. With rising eCommerce costs, grocers can now collaborate with consumer packaged goods (CPG) manufacturers for additional promotional funding.
GrocerKey’s latest release includes key functionality to enable grocers to target shoppers with modular banners and product spotlights, driving shoppers to more profitable products in the assortment. Grocers have flexibility on which CPG brands to promote, including their own private-label products.
“If trade dollars are removed from the digital equation, there is a missed opportunity to bring in incremental revenue to eCommerce and mobile applications for grocers,” said Jeremy Neren, CEO of GrocerKey. “In the rush to implement eCommerce, it’s critical to have those CPG dollars flowing direct to their shoppers, versus losing them altogether to a third-party marketplace, in order to achieve sustained profitability.”
GrocerKey expands and enhances CPG relationships – opening doors, developing funds, enhancing brand campaigns, and increasing share – through enhanced functionality. “With online sales expected to reach 22% of total grocery sales soon, CPG brands stand to benefit from technologies like GrocerKey,” said David Calle, who has 30 years of CPG experience including more than 20 years at Unilever. “Online ad campaigns offer CPGs new, powerful ways to target – whether a demographic profile or a shopping behavior. GrocerKey functionality meets the shopper at the purchase decision point. Its solutions benefit both retailers and manufacturers, and most importantly add value for shoppers.”
About GrocerKey Inc.
Founded in 2014 and based in Madison, Wisconsin, GrocerKey is a fast-growing software company that helps brick & mortar retailers adapt to the new digital and mobile world. The company offers a retailer-branded eCommerce and mobile shopping solution for retailers of all sizes. Offered on a highly scalable software-as-a-service platform, GrocerKey’s solution helps brick & mortar retailers become successful omni-commerce retailers. The GrocerKey solution includes an omni-commerce platform designed to integrate with a retailer’s existing merchandising, loyalty, and point-of-sale technologies. It also includes online and mobile shopping, store-based picking, and delivery management capabilities. For more information, please visit www.grocerkey.com.
Jeremy Neren, CEO