NEWARK, N.J., Jan. 9, 2017 /PRNewswire/ -- National Retail
Solutions (NRS), operator of one of the nation's fastest growing
point-of-sale networks for independent retailers, said today that
over 1700 customers nationwide have joined its point-of-sale (POS)
network during its first year of operations. The company said that
strong demand for its POS terminals and related services from
retail customers will help further accelerate growth of its network
in 2017. NRS is a subsidiary of IDT Corporation (NYSE:
IDT).
"NRS is off to an extremely strong start," said Elie Y. Katz, President of NRS. "Bodegas and
other independent retailers are hungry for our tools to help them
compete against retail chains and big box stores. The NRS
platform helps them to boost sales and drive customer traffic by
enabling them to utilize special offers and coupons from consumer
package goods (CPG) suppliers. From the CPG perspective, our
platform provides unprecedented access and reach into the large and
dynamic, ethnically focused consumer markets that these largely
urban retailers serve."
The POS terminals that NRS has deployed with bodegas and other
independent retailers are at the heart of its platform. The
terminals, which include customer and retailer facing displays,
scanners, and beacon technologies, enable retailers to offer and
accept coupons and special offers from leading CPG providers.
CPG suppliers' offers can be transmitted via the NRS platform to
retailers and directly to the over 3.2 million members of NRS'
popular rewards program, BR Club.
"For years, CPG suppliers have sought more effective ways to
market to urban consumers. This large and diverse consumer
segment typically purchases consumables from local, independent,
ethnically-focused neighborhood stores," said Eli Korn, VP of NRS. "Through our
platform, CPG's can reach both urban consumers and the independent
retailers who serve them with targeted promotions, coupons, and POS
advertising, while also providing a means to efficiently collect
and analyze the associated transactional data."
About National Retail Solutions (NRS):
NRS operates a
point-of-sale (POS) terminal based platform to bodegas and other
independent retailers nationwide. The NRS platform provides a
robust portfolio of tools to help these retailers compete more
effectively including loyalty programs, consumer coupons,
wholesaler discounts, and integration with Boss
Revolution® voice and payment services. Consumer
package goods (CPG) suppliers access the NRS platform to provide
promotions, coupons and special offers. The NRS platform
provides CPG suppliers with unprecedented access and reach into the
urban, ethnically focused consumer markets predominantly served by
bodegas and other independent retailers. NRS is a subsidiary
of IDT Corporation (NYSE: IDT).
About IDT Corporation:
IDT Corporation (NYSE: IDT),
through its IDT Telecom division, provides telecommunications and
payment services to individuals and businesses primarily through
its flagship Boss Revolution® and Net2Phone®
brands. IDT Telecom's wholesale business is a leading global
carrier of international long distance calls. For more
information on IDT, visit www.idt.net.
All statements within this release that are not purely about
historical facts, including, but not limited to, those which use
the words "believe," "anticipate," "expect," "plan," "intend,"
"estimate," "target" and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. While these forward-looking statements
represent IDT's current judgment of what may happen in the future,
actual results may differ materially from the results expressed or
implied by these statements due to numerous important
factors. IDT's filings with the SEC provide detailed
information on such statements and risks, and should be consulted
along with this release. To the extent permitted under applicable
law, IDT assumes no obligation to update any forward-looking
statements.
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SOURCE IDT Corporation