Jorge Arellano, a member of the Bacardi family, has invested in Storewise Inc. This new capital accelerates the expansion of the Storewise automation platform to help independent grocers protect profits and gives the Kansas City-based company sufficient capital to continue launching new, easy to use technology, such as price manager.
“On behalf of the Storewise team, we are thrilled to have Jorge Arellano as an investor and strategic advisor. His retail know-how and success as an entrepreneur is exactly the type of partner we wanted to attract. We’re blessed that Jorge chose to invest in us,” said Christopher Greco, CEO of Storewise Inc.
“I am very excited to become involved with Storewise,” Arellano said. “I see their platform as true enterprise resource planning for the grocery industry and beyond. More importantly, under Greco’s leadership, I am highly impressed with the management team and culture that’s been built. There’s a saying in Spanish, ‘Dime con quien andas y te dire quien eres,’ which translates, ‘Tell me who you run with, and that will tell me who you are.’ The Storewise team is driven by their core values and truly has the back of the independent grocer. The future is bright for this company.”
The Storewise grocery automation platform protects and maximizes profits by using: Price Analysis and Price Manager, which allows owners to keep prices correct; Ordering, which is a bridge-buying program allowing retailers to order allowance items that are expiring and not coming back “on-deal” immediately; Risk Reduction, which provides POS exception reporting, catches losses and improves training opportunities; and TPR Automation, which increases gross margin by matching TPR’s to in-store pricing.
Storewise is led by its core values and helps more than 450 independent grocers rise against competitors by creating software that automates manual tasks and reduces errors.
Learn more about its simple to use, comprehensive software platform at storewise.io.