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Wakefern brings CB4 to ShopRite and Price Rite Marketplace Stores to drive sales and meet demand

Wakefern brings CB4 to ShopRite and Price Rite Marketplace Stores to drive sales and meet demand

KEASBEY, N.J., Sept. 14, 2021 /PRNewswire/ -- CB4 and Wakefern Food Corp. announced plans to expand the technology to more stores after successful rollout in a The CB4 app uses artificial intelligence and machine learning to increase sales, save time and track the products.

Wakefern is the largest retailer-owned cooperative in the United States, with nearly 50 members who own and operate 362 retail supermarkets under banners like ShopRite and Price Rite Marketplace. Wakefern first piloted the CB4 app in 2020.

"Our initial test of CB4 in several ShopRite supermarkets yielded valuable insights to complement our existing operations without burdening our store teams," said Cheryl Williams, Chief Information Officer, Wakefern. "We are pleased to expand CB4 across ShopRite and Price Rite Marketplace and anticipate many success."

The CB4 solution has an increased revenue per minute, allowing the store's team to spend less time tracking price mismatches, out-of-stock items, inventory discrepancies and other common back-end issues

The CB4 app provides each store with a list of SKUs that are unique to its individual selling patterns and operating conditions to prevent inventory gaps that can hamper replenishment and sales. The technology allows store teams to fix things quick like updating the inventory management system, printing a new label or taking items out of back stock. Quick adjustments can help meet customer demand and increase sales.

"COVID-19 was and is stilla challenge and an opportunity for brick-and-mortar retail. Stores are very busy, and supply issues can be challenging, so it can difficult to know what needs attention. Now it's time to get started. Yoni Benshaul, CB4's chief executive officer, said. It is amazing to see how successful Wakefern's results using CB4 to solve this problem while delivering revenue and customer satisfaction.

About CB4The technology firm quickly grew waves in a world where business intelligence solutions no longer meet retailer's everyday needs. Because customers like Kum & Go, Levi's and Associated Food Stores are fans of CB4 because it doesn't slow them down with irrelevant stale insights. It only sends stores after what can add significant revenue now. Other leading grocery stores have adopted CB4, tripling the number of stores using Cb4 between 2020 and 2021.

With offices in New York, Tel Aviv and London, CB4 is a proud partner of Sequoia Capital. Please visit our website for more information about our solution. or email [email protected] .

ContactMatthew McAlister, 347.819.1900 [email protected]


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