The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
DemandTec’s Minneapolis office will house DemandTec personnel from professional services, customer support, engineering, and finance. Michael Bromme, senior vice president of retail at DemandTec, will oversee the office’s daily operations.
SAN MATEO, Calif. – February 24, 2011 - DemandTec, Inc. (NASDAQ: DMAN), the collaborative optimization network for retailers and consumer products companies, today announced the opening of a new office in Minneapolis, Minn. at 50 South 10th Street, Suite 510.
With a dedicated and expanding field presence in the Twin Cities region, DemandTec can offer locally-based customers Advance Auto Parts, Inc., Best Buy Co., Inc., General Mills, Inc., Nash Finch Company, Schwan’s Consumer Brands North America, Inc., and Target Corporation greater access to a network of local support and expertise. DemandTec’s services help some of the world’s largest retailers and consumer products companies develop optimal pricing, promotion, and merchandising strategies to help achieve their sales volume, revenue, shopper loyalty, and profitability objectives.
DemandTec’s Minneapolis office will house DemandTec personnel from professional services, customer support, engineering, and finance. Michael Bromme, Senior Vice President of Retail at DemandTec, will oversee the office’s daily operations.
“Opening a dedicated office in the Twin Cities is a logical progression for DemandTec. We've been on the ground in the Minneapolis area for several years because it's a key location for some of the world's most innovative retail and consumer products companies," said Mr. Bromme. "We look forward to expanding our network of customers, partners, and new employees throughout the region.”
DemandTec global headquarters is located in San Mateo, Calif., and the company operates regional field and R&D facilities in London, Paris, Los Angeles, Shanghai, Bangalore, and Moscow.
DemandTec (NASDAQ:DMAN) connects more than 340 retailers and consumer products companies, providing common tools to transact, interact, and collaborate on core merchandising and marketing activities. DemandTec's services enable customers to achieve their sales volume, revenue, shopper loyalty, and profitability objectives. DemandTec customers have collaborated on nearly four million trade deals. DemandTec software and analytical services utilize a science-based platform to model and understand consumer behavior. DemandTec customers include leading retailers and consumer products companies such as Ahold USA, Best Buy, ConAgra Foods, Delhaize America, General Mills, H-E-B Grocery Co., The Home Depot, Hormel Foods, Monoprix, PETCO, Safeway, Sara Lee, Target, Walmart, and WH Smith.