BEVERLY, Massachusetts (May 3, 2016) – Stewart’s Shops of Saratoga Springs, NY selected the Nexxus Group® to provide its proprietary Scan Based Trading solutions. Nexxus will manage the magazine and flower categories at more than 200 company-branded stores in New York and Vermont. The program began May 2.
Brothers Percy and Charles Dake founded Stewart’s Shops in 1921 in Greenfield, NY. The company is now run by Chairman of the Board Bill Dake and his son President Gary Dake. Stewart’s Shops is one-third employee-owned under an Employee Stock Ownership Plan (ESOP) established in 2001.
Stewart’s Shops produces its own milk and ice cream at its 260,000-square foot Greenfield, NY dairy plant. It employs more than 4,500, generates more than $1.6 billion annual revenue and outperforms larger chains within its market. The company plans to invest more than $30 million in the expansion and renovation of existing locations. Among the stores scheduled for renovation is the company’s first in Balston, N.Y. Stewart’s Shops also plans to build a number of new to industry (NTI) shops in 2016.
Stewart’s Shops received the Industry of the Year Award for positive contributions to economic growth from the Fulton Montgomery Regional Chamber of Commerce. The company’s related family foundations typically donate five percent of annual profits to charity.
“Our enhanced SBT program will create additional efficiencies for Stewart’s. We are excited about the opportunity to work with them,” says Mark Landgren, CEO of The Nexxus Group. “Stewart’s has a long history of superior service and commitment to the communities it serves and we are looking forward to a successful long-term relationship.”
About Stewart’s Shops
Brothers Percy W. and Charles V. Dake established the company in 1921. It is now run by Chairman Bill Dake and President Gary Dake. The company operates 332 convenience stores throughout upstate New York and Southern Vermont. It employs 4,500 and has annual sales of approximately $1.6 billion. For more information, visit: Stewart’s Shops.
About The Nexxus Group®
Established in 2003, The Nexxus Group provides the industry’s leading full-service Scan Based Trading (SBT) suite and is a trusted business solutions and services partner at more than 65,000 locations for more than 90 retailers in the United States, Canada and Puerto Rico. The Nexxus Group delivers innovative, cost effective SBT solutions to retailers and suppliers by providing data exchange, sales and margin reporting, consolidated billing and world-class customer service. The Nexxus Group clients report more efficient and effective management of product categories while increasing sales and lowering costs in the supply chain. The Company’s customers include Top 5 market leaders in the Convenience, Grocery, Mass Merchant, Discount and Specialty Retailer industries as well as National CPG Suppliers. The Nexxus Group supports retailers and manufacturing partners in categories such as Bakery, Propane, Flowers, Books, DVDs, Snacks, Novelties, Magazines and Newspapers.
For more information visit The Nexxus Group
Kevin Doyle, Web Content Editor / 1.978.993.7044 / firstname.lastname@example.org