Many of the world’s largest retailers, including Walmart, Kroger, Lowe’s and Rite Aid, are utilizing the unique capabilities of Nexxus Group® to expand and enhance their growing and increasingly important consignment business. Some retailers are also using us to establish game-changing store-within-store configurations as well. Nexxus Group’s advanced technology platform and business processes are an absolutely critical factor in the accelerating shift to consignment, as major brands will only shift to a scan-based trading (SBT) model if they have comfort that sophisticated and experienced business operators, playing a critical neutral role as a trusted center of excellence between the parties, will handle the unique complexity and scale of this innovative business approach.
These retailers are freeing up working capital and realizing significant operational and cost efficiencies by partnering with Nexxus Group® as their single point of contact across the vast array of suppliers participating in their consignment programs, a substantial improvement versus their legacy processes. As for the suppliers, they too deeply value the considerable difference in having the comprehensive support of Nexxus Group® to maximize their business. They experience a dramatic improvement in the transparency and accuracy of in-store results and enhanced reporting versus historically relying only on the retailers submitting a simplistic POS data file.
Nexxus Group® partners with over 100 retailers and thousands of suppliers, processing over 20,000 payments per month and handling millions of transactions daily. Transparency and accuracy are hallmarks of our holistic business approach, as our partners jointly rely on us to drive sales while minimizing shrink and eliminating unnecessary costs. Suppliers value the precise data management and vast information on consumer purchasing activity the Nexxus Group® offers to help them grow their businesses. Most importantly, these vendors trust they will be paid accurately and on time. They think of Nexxus Group® as an extension of their current staff, exclusively focused on this strategic initiative.
We perfectly align with retailer and supplier priorities, as suppliers only pay us a very low single-digit percentage of wholesale revenue for our efforts. This pricing model ensures our compensation increases/decreases in concert with the growth or contraction of the revenue base.
The sole focus of our experienced team is on offering retailers a more efficient, effective, and comprehensive turnkey consignment solution by facilitating the supplier’s seamless interface, handling all of the chaos and compliance that entails, including providing routine and transparent POS sales visibility, data scrubbing, accurate and timely payments, market share expansion and best-in-class expertise — essentially everything required to manage a complex retail relationship, except the physical delivery of goods. Our platform facilitates & manages EDI, synchronizes & audits pricing, validates & reconciles payments, and monitors & balances inventory, all to maximize sales and eliminate costly errors.
Nexxus Group® is not a rack jobber or middleman. Retailers and suppliers gain an enhanced direct relationship while absolutely trusting our critical neutral role in accelerating the adoption of scan-based trading (SBT). This now essential business model offers a powerful solution for suppliers to place the appropriate products at retail and for merchants to reduce their inventory exposure while simultaneously ensuring proper in-stocks that will support sales and preserve a positive customer experience
Realize more efficient and effective product category management while enjoying increased sales and decreased supply chain costs.
For suppliers, our industry standard online platform provides state-of-the-art features and analysis needed to improve profitability.