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February 06, 2016 5:26 AM ET

Specialty Retail

Company Overview of NewZoom, Inc.

Company Overview

NewZoom, Inc., doing business as ZoomSystems, operates an automated retail channel. It operates ZoomShops, a custom-branded automated self-service retail stores that facilitates online shopping. The company also provides local procurement, inventory management, logistics management, merchandising and technical field, creative development, account management, project management, and call center services. It has ZoomShop network locations in airports, malls, resorts, military bases, and retail stores in the United States, Europe, and Japan. The company was formerly known as ZoomSystems and changed its name to NewZoom, Inc. in March 2002. The company was founded in 1997 and is headquartered in ...

22 Fourth Street

Floor 16

San Francisco, CA 94103

United States

Founded in 1997

Phone:

415-400-8000

Fax:

415-321-2038

Key Executives for NewZoom, Inc.

Chief Executive Officer, President and Director
Age: 54
Founder, Co-Chairman, President of Zoomsystems Asia, President of Asiagower and Director
Senior Vice President of Engineering
Senior Vice President of Corporate Development
Senior Vice President of Sales
Compensation as of Fiscal Year 2015.

NewZoom, Inc. Key Developments

ZoomSystems Launches Device Management Centers

ZoomSystems announced the launch of Device Management Centers (DMCs), a solution for IT and mobile asset management that automates the delivery and maintenance of electronic devices and accessories for employees, helping to improve efficiency, reduce costs and manage inventory. By leveraging ZoomSystems' proven technology, DMCs provide a superior user experience that includes an intuitive interface, elegant robotic delivery system and seamless tracking and administration. A touchscreen interface shows users the available products and allows them to select which products they want to be dispensed. The products themselves are stored and dispensed from automated retail machines (ZoomShops), and, for larger items, an integrated locker system. A product scanner ensures that replenishment is fast and simple.

ZoomSystems Launches Self-Service Razor Cartridge Defensive Merchandising Solution in Albertsons Stores in Southern California

ZoomSystems has launched a self-service razor cartridge defensive merchandising solution in Albertsons stores located in Southern California. Installed in May, RazorZone automated retail machines offer retailers a defensive merchandising solution that eliminates consumer shrink while increasing sales and enhancing the consumer experience. The machine gives customers immediate access to products that otherwise require associate assistance to complete the purchase while also providing them with information to make informed purchasing decisions. RazorZone automated retail kiosks provide retailers with tools such as real time on-shelf inventory and pin controlled access to manage internal shrink. Within the RazorZone user interface, products can be compared side by side to educate consumers and encourage trade-ups to premium products. Similar to online shopping, the interface also provides opportunities for up-sells and cross-sells leading to increased basket sizes.

ZoomSystems Launches the ZoomShop V1 Automated Retail Shrink Solution at FMI Connect 2014

ZoomSystems will be unveiling its ZoomShop V1 machine this week at FMI Connect, the annual Food Management Institute show, to be held at McCormick Place in Chicago, June 11-13. Attendees will get a hands-on opportunity to experience this technology, proven to increase sales, enhance the consumer experience and eliminate consumer theft. Considered by many to be the food industry's pinnacle event, FMI Connect is expected to draw 15,000 retailers, wholesalers and their trading partners to Chicago. The San Francisco-based ZoomSystems will showcase its in-store retail solution at booth 4350 within the technology pavilion. The ZoomShop V1 is the world's first in-aisle point-of-sale defensive merchandising solution that eliminates consumer shrink while enhancing the consumer experience and increasing sales. Within the ZoomShop user interface, products can be compared side by side to educate consumers and encourage trade-ups to premium products. Similar to online shopping, the interface also provides opportunities for up-sells and cross-sells leading to increased basket sizes. The automated retail machines have been launched at a national grocery chain in Southern California, with a national drug chain to follow later this month. Retail results have included double-digit increases in sales and average sales prices, and the elimination of consumer and Organized Retail Crime (ORC) shrink. The first machines will be used to sell razor cartridges, one of the industry's high shrink items, however can also be used for other high shrink products like OTC medication, antacids, printer ink, video games, etc.

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