Today's Featured Member: Lemur IMS wants to save the retail industry billions of dollars

Today's featured member, Lemur IMS, is taking a local approach to selling aged and slow moving inventory with their IMS drives profit and sales for retailers, everywhere.

Lemur IMS is a DC startup focusing on innovative software development that localizes the retail experience. Lemur IMS enables retailers to move slow-moving and aged inventory at the best possible prices and in the shortest amount of time.

"I believe that the only way to be competitive in today’s world is to offer higher quality service than our competitors. We do this for our customers and help them do it for theirs." — Will Fuentes, Founder & CEO

What inspired you to start your company?
I wanted to solve retail's huge aged inventory problem.

The retail industry loses billions of dollars a year due to aged or slow-moving inventory. Lemur IMS enables retailers to move this inventory at the best possible prices and in the shortest amount of time. Lemur replaces the imprecise method of arbitrary mark-downs with a dynamic, customer-focused system. Developing a one-to-one relationship with customers and making intelligent discount adjustments based on available data it ensures velocity and profit. The unique data gathering tool also enables managers to have short, impactful interactions with their local customers.
 

Tell us something unique about you and your co-founder(s)?
The CEO is a lawyer turned retail manager/guru for big box retail, and the COO is a music industry professional turned UI/UX expert and Serial Entrepreneur. (And Will has some serious dance moves -- watch the video below).

What problem does your product or service solve?
Lemur solves retail's huge aged inventory problem. The retail industry loses billions of dollars a year due to aged or slow-moving inventory. Lemur replaces the imprecise method of arbitrary mark-downs with a dynamic, customer-focused system. Developing a one-to-one relationship with customers and making intelligent discount adjustments based on available data it ensures velocity and profit. The unique data gathering tool also enables managers to have short, impactful interactions with their local customers.

What are your startup's three biggest challenges to growth?

1. Making appropriate connections with decision makers within the retail space. 
2. Creating strong industry partnerships to keep cost low during scale.
3. Building a strong team to handle the scale.


Jonathan Aberman (Co-Chair, Startup VA), Evan Burfield (Chair, Startup DC) and Will Fuentes (Founder & CEO, Lemur) at Entreprelooza!, a celebration of all things startup and entrepreneurial.

How will Startup America help your startup grow? 
The connections we've made through Startup America have been invaluable.

Here's the video of Will improvising his Lemur "pitch" at Startup America Live at SXSW. This guy has true entrepreneruial spirit... 

Sometimes You Have To Dance!

Learn more about Lemur IMS:

Startup America Member since Feburary 2012
Region: Washington, DC
Web: http://lemurims.com
Facebook: http://www.facebook.com/lemurtechnologies
Twitter: @lemurtech

Join Lemur IMS and over 6,800 Startup America members and get all the access you need to grow your company.