News | January 4, 2017

Five Below Selected As Finalist In Innovative Retail Technologies Retailer Innovation Awards

Innovative Retail Technologies magazine recognizes retailer's in-store operations achievements

Mount Laurel, NJ /PRNewswire/ - Agilence, Inc., the market leading insight service provider of cloud based data analytics for store operations and loss prevention, today announced that retail client Five Below, one of the fastest growing retailers in the country, has been selected as an Innovative Retail Technologies Retailer Innovation Awards Finalist in the In-Store Operations Category.

Innovative Retail Technologies magazine conducted a Web-based survey of subscribers during October 2016. Subscribers were asked to nominate a retailer in one of six categories (omni-channel retailing; in-store operations; supply chain/fulfillment; workforce management; loss prevention; and customer engagement). A total of 50 validated nominations were submitted. Winners and Finalists were selected by the Innovative Retail Technologies editorial staff. Five Below was selected as an awards finalist in the In-Store Operations Category.

Five Below's unprecedented growth led them to create their first Asset Protection department to drive in-store operational efficiencies and performance. They searched for a tool that not only would meet the needs of Asset Protection efforts but would serve other business partners within the organization. Five Below selected 20/20 Retail from Agilence to identify areas of operational improvement and to investigate fraud in store locations. Five Below Regional Managers and District Managers monitor actions of the top performers and potential offenders in each of their 44 districts via personalized dashboards.

"Five Below has been growing fast. Our new Asset Protection department provides our field teams with the information needed to manage and optimize in-store operations, freeing us up to focus on corporate growth initiatives," said Gregg Smith, Senior Director of Asset Protection, Five Below. "We are honored that our team has been recognized for our efforts to turn operational insights into efficiencies."

"Five Below built an asset protection department from the ground up in a fast growing company, recognized the need for tools to accelerate their efforts and then took action," said Russ Hawkins, President & CEO, Agilence, Inc. "We are delighted that the Five Below team has been recognized for their in-store operational achievements."

About Agilence
Agilence (www.agilenceinc.com) is the industry leader in cloud based data analytics solutions for store operations and loss prevention for retail and restaurant organizations. Agilence develops the 20/20 Data Analytics™ platform and the 20/20 Retail™ and 20/20 F&B™ suite of highly flexible and powerful cloud-based reporting solutions. 20/20 Data Analytics™ provides organizations with a complete view of their business, empowering them to make informed decisions faster, to increase efficiency and improve profit margins across the enterprise. Agilence, Inc. is headquartered in Mount Laurel, NJ. To learn more about Agilence, please email sales@agilenceinc.com or call 856-366-1200

SOURCE: Agilence, Inc.

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