Company Research Report: Premium Retail Services

Company Overview

• Name: Premium Retail Services

• Mission: Connecting shoppers with the brands they love.

• Founded: 1985

• Founder: Ron Travers

• Key People:

• Brian Travers (Co-CEO/Co-President)

• Kevin Travers (Co-CEO/Co-President)

• Headquarters: Chesterfield, Missouri, USA. The company also has a significant presence in Mississauga, Ontario, Canada.

• Number of Employees: No information is available

• Revenue: No information is available

• Company Known For: Providing retail solutions that connect consumers and brands by blending physical, human, and digital touchpoints. They specialize in retail merchandising, sales, training, and omnichannel marketing.

Products and Services

• Products Offered:

• Omnichannel Marketing: Helps in growing sales through online and offline presence.

• Live Field Support: Provides efficient support to retailers.

• Field Execution Reporting: Ensures a compliant retail presence, notably through their Premium 360 service.

• Digital and Creative Solutions: Focuses on rethinking traditional training.

• Logistics and Distribution: Managed through the National Logistics & Distribution Center.

• Assisted Sales: Established capabilities to bolster retail sales.

• Key Features:

• E-commerce Solutions: Enhances brand presence online.

• Grocery Solutions: Maintains reach while reducing service cost.

• Merchandising Analysis: Drives incremental sales with insights.

• Video Production Studio: An in-house service for creative content.

• Training and Development: Through the University of Premium program.

Recent Developments

• Recent Developments in the Company:

• In 2021, Premium Retail Services was acquired by the Acosta Group.

• The company expanded its National Logistics & Distribution Center and established an Operations Support Center in 2019.

• New Products Launched:

• No specific information available on newly launched products.

• New Features Added to Existing Products:

• Enhancement of service capabilities with Premium 360 to ensure a compliant retail presence.

• Development of the University of Premium for employee career growth and training.

• New Partnerships:

• Became the exclusive merchandising partner for Walgreens in 2019 and for Rite Aid in 2020.

• Selected as a Preferred Service Provider for Walmart in 2017.

This report outlines the strengths and strategic direction of Premium Retail Services, emphasizing its commitment to retail excellence and consumer-brand connections across North America.