Award-winning innovation in retail
Quantum Retail Ranks Number 173 Fastest Growing Company In North America
Quantum Retail attributes 557 Percent Revenue Growth to Transformational Processes and Extensive Experience and Expertise
Quantum Retail recently announced it ranked No. 173 on Deloitte’s Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Quantum Retail grew 557 percent during this period.
Business Journal Ranks Quantum Retail 3rd Fastest Growing Private Company in the Region 2010
The Minneapolis/St. Paul Business Journal has recognized it as the 3rd fastest growing private company in the region
“Quantum Retail has been fortunate to continue on a rapid growth trajectory thanks to an expanding base of highly satisfied customers as well as a dedicated and hardworking team of employees,” stated Vicki Raport, CEO, Quantum Retail. “We are thrilled that the Business Journal and local business community have come together to recognize and celebrate our successes.”
Deloitte Ranks Quantum Retail 56th Fastest Growing Technology Company in North America
Quantum Retail attributes its 2231% Percent Revenue Growth to Innovative Technology and Smart, Dedicated Staff
Quantum Retail, provider of the most advanced retail merchandise optimization systems currently available, ranked number 56 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.
Quantum Retail Technology was named ninth fastest growing female-led company in America
The Women Presidents’ Organization (WPO) in partnership with American Express OPEN ranked Quantum Retail ninth fastest growing women-led company in America overall after experiencing growth of 1,828% between 2005 and 2009.
The company’s rapid growth is thanks in large part to the support and trust of flagship clients such as Guitar Center and Marks & Spencer. “It is refreshing to see so many companies with women leaders doing so well in this economy,” commented Quantum Retail CEO Vicki Raport. “The whole team at Quantum is proud of the hard work we have put in to be able to be recognized amongst such a fantastic and deserving group.” The company is on track to continue its successful revenue growth and customer benefits in 2010.
RIS News Software Leaderboard 2009
Companies to Watch Six outstanding companies expand their footprint in retailing
Quantum Retail has experienced explosive growth and has reportedly grown 976.4 percent over the past three years. Founded by a team of retail industry experts, technologists and scientists, Quantum Retail offers technologies that help improve sales and margin by localizing inventory, reducing unproductive and excess inventory, bringing together disparate processes and providing real-time BI. Quantum’s mission is to provide innovative, yet practical, software solutions that help retailers succeed. Its world-class inventory optimization solution, Q, is a retail management system that optimizes distribution, allocation, replenishment and assortment, while helping supply chains increase margin and reduce stock-outs.
Quantum Retail Technology ranked 17 in the 2009 Fast 50
Quantum Retail Technology ranked 17 with 119% annual revenue growth in the Minneapolis | St. Paul Magazine Fast 50 for 2009.
“We came out of the retail software industry having worked with somewhere in the neighborhood of 150 of the top 200 retailers in the world between all the founders of [Retek],” said Vicki Raport, co-founder and CEO of Quantum Retail. “When we decided we wanted to see if there was an opportunity in the market for us to do something different, we laid out the problems retailers are facing and what we can do to help them.”
Co-Founder Vicki Raport – selected nationally as 1 of 9 Entrepreneurial Winning Women for 2009
Ernst & Young’s Entrepreneurial Winning Women™ program 2009
Co-founder Vicki Raport was one of nine female entrepreneurs selected to participate in the Ernst & Young Entrepreneurial Winning Women™ program designed to accelerate the growth of high-potential businesses founded by women entrepreneurs. The winners were selected from a competitive list of women entrepreneurs residing across the US by a diverse group of independent judges.
Quantum Retail Technology Ranked 11th Fastest Growing Private Software Company in America
Inc. 500 2009
Inc. Magazine ranked Quantum Retail Technology the eleventh fastest growing privately owned software company with a three-year growth rate of 963.4% in its annual ranking of the 500 fastest-growing private companies in America. Quantum Retail was the 212th fastest growing private company overall, and the fourth fastest in the Minneapolis-St. Paul region.
Quantum Retail’s customers setting Gold Standard for best in class retail inventory management practices 2009
Aberdeen Group Benchmark Report states retailers with best in class inventory management practices are outperforming others in metrics such as significantly higher inventory turn rates.
Balancing store-level safety stock and service levels are the key to success. Retailers such as New Look with the support of Quantum Retail have proactively addressed excess store inventory complexity and reduced 5% of excess inventory from stores through optimized store allocation strategies. The results include improved turnover by 1.5 times and improved gross profit margin by 4% year-over-year.
Quantum Retail wins ‘Supply Chain Solution of the Year’ at the Retail Systems Awards, 2008
Quantum Retail is awarded the 2008 Retail Systems Supply Chain Solution of the Year Award for its work with leading EMEA fashion retailer, New Look.
Quantum’s Q solution has been used by New Look to manage its inventory replenishment and allocation processes across its 600 locations. Having increased its retail space by 20% and diversified into online and franchise channels, New Look were seeking a superior replenishment solution to improve management of store/SKU demand and supply. As well as Q’s ability to help New Look manage and maintain its stock levels and provide visibility across the entire organization, the judges were impressed with Q’s return on investment: going live in under seven months and paying for itself five months later.
Quantum Retail wins ‘Supply Chain Excellence’ at the European Retail Solutions Awards, 2008
Quantum’s Retail’s Q is recognised for its achievements with fast-fashion retailer New Look.
After accepting the award, Quantum Retail stated that, “In Q we’ve created a next generation inventory fulfillment module that determines inventory need anywhere in the supply network. We’re very proud of what we’ve achieved but most importantly of what our clients have achieved.” After less than 6 months of operation, New Look were able to realize an increase in full price sales across the estate by 2%, with less stock. At the same time by reducing markdowns, gross margin increased by 4%.