STAMFORD, CT -- BEV Capital (BEV) recently completed an investment in Retail Solutions, Inc. (RSI). RSI partners with retailers to acquire their point-of-sale (POS) data, collates, cleanses and stores this data, then makes it available to consumer package goods (CPG) companies to analyze their sales. BEV invested along with the Venture Capital Fund of New England and Velocity Equity Partners in a $4.25 million financing round and joined the Board of Directors.
RSIís flagship product, Discover-on-Demand, provides manufacturers with real-time access to store- and SKU-level POS data. Through a web interface, CPG
manufacturers remotely access RSIís data warehouse and analyze the sales of their products to optimize both their supply chain and their sales promotions. Retailers also benefit from RSIís service since their vendors better manage shelf-space and therefore maximize margin and turns.
RSI also provides value-added consulting services, enables scan-based trading, and auto-replenishes, all based on the POS data that it has warehoused.
RSIís clients include more than 65 of the largest CPG manufacturers and RSI has partnerships with 20 retail chains including CVS, Walgreens, Costco, Dollar General and Target.
RSI is headquartered in Lincoln, Rhode Island and its website address is www.retailsolutions.com
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