Cloud Retailer Surpasses $1 Billion in Transactions, Strengthening Small Retailers and Local Communities
Press Release
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Sep 17, 2024 09:00 EDT
In the last 12 months Cloud Retailer - a
software system (POS, etc) for liquor stores has transacted more than a
billion dollars in beer wine liquor sales for small and medium liquor
stores across the country.
SARTELL, Minn., September 17, 2024 (Newswire.com)
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Cloud Retailer, the leading Liquor Store Software
in the U.S., is thrilled to announce a significant milestone: over $1
billion in beer, wine, and liquor transactions processed through its
platform in the past 12 months. This marks a major success for Cloud
Retailer and the small retailers who rely on its innovative solutions to
enhance their operations and profitability.
This accomplishment
is more than just a financial milestone; it represents a significant
impact on local economies across the country. With over $1 billion in
transactions, Cloud Retailer has helped keep an additional $147 million
within local communities. This retention of revenue is crucial, as
studies show that for every $100 spent locally, at least $68 remains in the local economy—substantially more than what is retained when money is spent at big box retailers.
Cloud
Retailer helps address the unique challenges faced by small liquor
retailers, offering a solution that streamlines operations, reduces
costs, and increases profitability. In a market where profit margins can
be razor-thin, Cloud Retailer empowers store owners to thrive by
offering advanced features like Dual Pricing, which mitigates credit
card fees, loyalty programs to boost customer engagement, and AI-driven
inventory management to optimize stock levels.
"Surpassing $1
billion in transactions is a testament to the power of our technology
and the dedication of the small retailers we serve," said Rick Feuling, CEO of Cloud Retailer.
"Our mission has always been to empower these entrepreneurs with the
tools they need to succeed, and now we have proof that we're making a
real difference.”
Cloud Retailer’s system is more than just a
point-of-sale solution—it’s a comprehensive profit system that redefines
how liquor stores operate. By reducing payment fees, cutting labor
costs, and minimizing inventory shrinkage, Cloud Retailer ensures that
small retailers can compete effectively in a highly competitive market.
The
impact of this achievement extends beyond the individual businesses
using the platform. The additional $147 million retained in local
communities highlights the vital role that small retailers play in
sustaining local economies. By choosing Cloud Retailer, these businesses
improve their own bottom lines while contributing to the economic
well-being of their communities.
Source: Cloud Retailer
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