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CORPUS CHRISTI, Texas -- During its recent third quarter 2008 earnings call to stock market analysts, Susser Holdings Corp. made specific mention of KSS Inc. as a contributor to the success of its fuels business, and noted it will complete the rollout of PriceNet to the remainder of its network of stores in early 2009.
Sam Susser, president and CEO of the public $4.4 billion company, reported "some of the highest fuel margins we’ve ever seen," despite the turbulent economic environment and high volatility in both street and wholesale prices.
The Corpus Christi, Texas-based convenience store chain owns and operates 511 stores and supplies branded fuel to more than 380 independent dealers. KSS originally sold and implemented its PriceNet solution to Town & Country, acquired by Susser in 2007.
"We successfully completed a test of the KSS fuel pricing system in our West Texas stores," said Steve DeSutter, president and CEO of retail at Susser. "We'll be rolling it out in the legacy Stripes stores, and expect to be live in all retail stores, with a number of our wholesale dealers as well, by the end of January 2009."
"KSS gives us a tool to analyze daily competitive fuel pricing information from each store location and then provide fuel price recommendations that will help us optimize price and fuel volume relationships at each of our locations," he added.