The Popken Fashion Group has implemented the AI solution GK Air Dynamic Pricing to minimise the manual effort involved in its pricing process and increase gross profit. With this step, the family-owned company specialising in plus-size fashion also wants to improve its margin by one to two percent through data-driven, dynamic pricing.
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GK Software SE is a leading global provider of cloud solutions for the international retail industry and one of the fastest growing companies in its field. The cornerstones of the company are self developed, open and platform-independent solutions. Thanks to its comprehensive product portfolio, 22 percent of the world’s 50 largest retailers currently rely on solutions from GK. The company’s customers include Adidas, Aldi, Coop (Switzerland), Edeka, Grupo Kuo, Hornbach, HyVee, Lidl, Migros, Netto Marken-Discount and Walmart International. GK has subsidiaries in the U.S., France, Czech Republic, Switzerland, South Africa, Singapore, Australia and holds ownership or majority stakes in DF Deutsche Fiskal GmbH, GK Artificial Intelligence for Retail AG and retail7, among others.
GK was founded in 1990 and was listed on the German stock exchange from 2008 to 2023. During this time, the company grew more than tenfold. GK generated revenues of 152.1 million EURO in 2022. In addition to its headquarters in Schöneck, the group now operates 16 sites worldwide. GK’s goal is to become the leading cloud solutions company in the retail industry worldwide, enabling consumers on all continents to enjoy the best possible shopping experiences.
In 2023, GK entered into a strategic partnership with the Japanese technology group Fujitsu. Under the partnership, GK and its more than 1,200 employees will remain independent and continue to pursue their entrepreneurial goals. At the same time, the partnership creates significant growth opportunities for both sides, which will be jointly pursued to develop an even more robust ecosystem for unbeatable trading technology that is innovative and sustainable.
Further information about the company: www.gk-software.com
Africa’s largest retailer, The Shoprite Group, is currently upgrading its entire POS software architecture for around 2,500 stores with GK OmniPOS.
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Thalia is the market-leading omnichannel bookseller in Germany, Austria, and Switzerland. With the installation of self-checkout terminals – as an addition to the manned cash register – the bookstore specialist wants to improve the shopping experience for customers and streamline internal processes.
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Edeka Jäger at Stuttgart Airport allows customers to shop autonomously at night. Shoppers then gain access via a Wanzl card access system and pay cashless at self- checkouts from Diebold Nixdorf running POS software from GK. Owner Florian Jäger explained the project to The Retail Optimiser.
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Since 1 June this year, Migros customers have been able to do their online shopping directly in the Migros app. The Swiss retail market leader fully integrated its online app into the Migros app at the end of May.
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Douglas is piloting mobile checkout directly on the sales floor. Sales assistants use the S-Payment app on their smartphone. This is integrated with the GK POS software and allows PIN entry on the device's touchscreen.
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Fujitsu was able to secure the majority of shares in GK Software SE on time. The authorities have also approved the takeover in the meantime. Thus, nothing more stands in the way of the plans for the acquisition of GK by Fujitsu.
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Fujitsu today announced its decision to make a voluntary public takeover offer to GK shareholders to acquire all shares outstanding of GK. The two companies have entered into a Business Combination Agreement. Rainer Gläß, GK's co-founder and CEO, will leave the company as a member of the Executive Board in the event of a successful takeover bid.
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For the 16th time, EHI Retail Institute this week announced the winners of the Retail Technology Awards Reta. The eight-member international jury of the award includes Retail Optimiser editors Björn Weber and Joachim Pinhammer as well as the publisher of the British trade magazine Retail Technology, Miya Knights.
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Spar Switzerland has teamed up with service station operator Avia to open its first autonomous Spar Express convenience store in its country. Via smartphone, customers gain access and register their purchases in the store.
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