Bi-Mart POS Data
Bi-Mart, founded in 1955, is an employee-owned general merchandise retailer that operates stores in Oregon, Washington, and Idaho. There is a one time $5 membership fee to become a lifetime member at Bi-Mart, and to date it has over 1 million members. Currently there are 73 Bi-Mart stores across the Northwest with each store dealing mainly in hard goods such as pharmacy, photo/sound, house wares, sporting goods, automotive, hardware, health & beauty, toys, clothing/shoes, beer/food/wine, and more. Unlike other membership stores, the members-only and $5 fee policy started as a work-around to fair trade laws established in the United States in the 1930's. These laws stated that products had to be sold at or above the manufacturer's suggested retail price. By establishing a membership, Bi-Mart was able to sell products to members at a discounted price below that of manufacturer's suggested retail price.
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Vendors may receive daily or weekly, store-level updates and restatements of SKU level POS sales and inventory activity. Once the data streams are initiated or vendor portals are activated, VELOCITY® can automatically acquire, cleanse, harmonize and transform the data into actionable analytics to produce measurable results.