Eqos to Enhance Private Label Merchandising for One of America’s Largest Independently Owned Food & Grocery Retailers
Global sourcing and supplier management experts Eqos, Inc. (www.eqos.com) today announced that retailer H-E-B has selected their business solutions to support and expand the retailer’s global sourcing and supplier management operations, and enhance private label offerings by improving supply chain collaboration and visibility. Eqos’ business solutions are designed to help retailers boost product innovation, accelerate time to market and reduce supply chain costs by simplifying and standardising the processes associated with private label merchandise sourcing across the enterprise and the supplier network.
H-E-B opened its first store in 1905 in Kerrville, Texas. Today H-E-B is one of the largest independently owned retailers in the US, serving a broad range of customers with more than 300 stores in Texas and Mexico, and earning revenues in excess of $12bn. Known as an IT innovator, H-E-B has consistently outpaced its competitors by offering highly differentiated products and services through a variety of formats.
H-E-B’s selection of Eqos comes as retailers increasingly implement private label strategies to help grow revenue. A recent Retail Systems Alert Group Research (RSAG) Sourcing & PLM Benchmark Study reported that adding private label merchandise to the overall product mix drives not only margin for retailers, but also top line revenues. And according to a recent AMR Research report, as US grocers begin responding to the growing private label product demand, they require even greater speed, visibility and agility.
“H-E-B is a welcome addition to our US customer base, and clearly a leading innovator in the global grocery marketplace,” said Jane Biddle, Eqos chief marketing officer and vice president of US operations. “Eqos’ success in delivering leading retailers, such as Tesco and Sainsbury’s, the supply chain speed, visibility and flexibility required to meet customer demands and growth objectives validates our continued global expansion. We’re pleased to be working with H-E-B to deliver comparable results.”