Retail inMotion Reports Strong and Steady Growth
Dublin, Ireland / Neu-Isenburg, Germany – On February 1, Retail inMotion is celebrating one year as a full member of the LSG Group. Over the past twelve months, the Irish-based start-up has consistently seen outstanding sales growth in the areas of product sales, fully-outsourced onboard retail solutions and IT software solutions.
The company is pleased to announce that it has won contracts with 14 new customers over the past twelve months. Sales of proprietary products have seen a significant increase with more than two million Boxerchips and six million beverages with SuprLids sold in 2016. In addition to setting up a complete expert and development team in Dallas, Texas to fully reach the US American market, the company has also taken major steps to further expand into Latin America, Asia and the Middle East.
“Retail inMotion’s successful performance since its full integration into the LSG Group is a clear affirmation of the quality of solutions they provide to customers in the area of onboard retail,” remarked Erdmann Rauer, CEO LSG Group. “With the complete backing of the LSG Group, Retail inMotion is uniquely positioned to continue growing its customer portfolio by offering its proprietary solutions to the airline industry.”
Retail inMotion’s IT solution, called Vector, has seen a very positive reaction in the onboard retail industry and now boasts nearly 30 customers. The online software suite has the functionality to control an airline’s complete, end-to-end retail process. It is customizable to customers’ needs, including functions like stock ordering, warehouse management, pre-order solutions, POS applications, payment gateway solutions, analytics and the ability to be fully integrated with customers’ existing IT systems. Vector is now flown on nearly 10% of daily global air traffic and has processed around 1 billion USD in sales.
Retail inMotion specializes in the ever-growing onboard retail market. The company offers propriety products, solutions and services in onboard retail IT technology, crew training, product distribution, inflight entertainment, and fully outsourced onboard retail services. In 2016, Retail inMotion became a fully-owned subsidiary of LSG Group, the world’s leading provider of an end-to-end product and service portfolio in the area of onboard service.
The LSG Group is the world’s leading provider of end-to-end on-board products and services. These include catering, onboard retail and entertainment, onboard equipment and logistics, consulting and lounge services. The company’s dedication to culinary excellence and expertise in logistics has led to its successful entry into adjacent markets like train services and convenience retail. Its catering activities are marketed under the “LSG Sky Chefs” brand name, through which it delivers 591 million meals a year and is present at 211 airports in 50 countries. In 2015, the companies belonging to the LSG Group achieved consolidated revenues of € 3.0 billion.