TRAK News & Events

ReposiTrak (TRAK) and SPAR Group (SGRP) announced a strategic agreement designed specifically to help retailers improve on-shelf availability, reduce store-level labor strain, and ensure that high-velocity products reach the shelf quickly and consistently. Retailers continue to face rising expectations from shoppers while managing tight labor markets, and increasing operational complexity driven by the evolving use of the store for online fulfillment. The new ReposiTrak-SPAR solution directly addresses these pressures by combining: ReposiTrak's proprietary technologies for scan-based trading, perpetual inventory accuracy, out-of-stock detection, and route optimization with SPAR's nationwide, on-demand service workforce capable of executing merchandising tasks in any store, anywhere in the country.

Reports Q2 revenue $5.9M, one estimate $5.76M. Randall K. Fields, Chairman and CEO of ReposiTrak commented, "Building upon our industry-leading ReposiTrak Traceability Network, the leading solution for automating the exchange of traceability data between trading partners, and leveraging more than two decades of expertise in the food safety industry, we have developed and filed for multiple patents on Touchless Traceability. This is an advanced solution, augmenting the RTN, which enables retailers, wholesalers and distributors to produce accurate, compliant Key Data Element records at scale while reducing operational costs. This patent protection for this unique innovation is expected to not only create a durable competitive advantage for data error correction and related processes, but also establish yet another moat around our business."

ReposiTrak announced a significantly expanded strategic partnership with the National Grocers Association. Through this enhanced collaboration, NGA has selected ReposiTrak as its strategic partner of traceability compliance management, and the two organizations will jointly deliver new education, training, and resources.

ReposiTrak announced that its board of directors has approved a new 10B5-1 share repurchase program, authorizing the repurchase of up to $2M of the company's common stock.