ROSEVILLE, Calif.?(BUSINESS WIRE)?
Revionics, Inc., the leading provider of retail
life cycle price optimization solutions, will be showcasing several
of its new and enhanced solutions at the 2012 Retail Business Technology
Expo and Cards Payment Solutions Conference (Booth
#658), held 13-14th March, 2012 at Earls Court, London.
During this conference, retailers will be able to learn how Revionics?
price optimization solutions, which are currently optimizing over 30,000
retail stores weekly and $73B in revenue annually, can help them improve
margin, sales, and customer loyalty. With a steep competitive landscape,
a still fragile economy and a more empowered shopper with access to
information through a proliferation of touch points, there is no room
for pricing errors. Advanced predictive analytics and optimization
science provides a 360 degree view of shoppers ? their preferences,
buying behavior and characteristics, which enables a retailer to improve
their pricing strategies and promote products more effectively.
Tom Sfetkopoulos, Manager of Merchandising and Pricing for Longo?s, a
Revionics customer and a retailer with stores throughout Canada
including an online grocery business, stated in a recent Supermarket
News article: ?You can look at a category and how it impacts a
department and the entire enterprise?Revionics? system allows Longo?s to
stay competitive on certain items and look at other options to make up
the profit you may be giving up?our chain has experienced significant
successes in both sales and margins with the system, and achieved an ROI
in a shorter time than anticipated.?
At booth 658, Revionics experts will be on-hand to showcase the
following solutions and share retailer case study examples:
- Shopper-centric Base Price Planning and Optimization: Ensure
your price image is consistent at the sku/store level. Align base
price strategy with financial objectives and category plans by
leveraging the power of real time ?what-if? scenario planning,
de-weatherized data and the incorporation of competitive data. New
Revionics? Workbench tools provide visual predictive analytics to more
rapidly identify the biggest opportunities to improve a retailer?s
financial performance. Revionics? Workbenches help retailers ?see the
forest from the trees? through advanced visualization of complex data
and the ability to interact with the visualization at different levels. - Omni-channel Promotion Optimization Management: Ensure
your promotions are effective and have the desired impact. Incorporate
shopper insights (Loyalty, Social Media, Online, etc.) to determine
optimal product and price to promote by shopper segments that are
delivered through any channel including social media, mobile devices
and web sites. - Advanced Markdown Optimization: Maximize inventory margins and
sell-thru by optimizing markdown/clearance events at the store/item
level based on vendor deals, strategies, and constraints. Real time
?what-if? scenario planning capabilities allow retailers to compare
and contrast different markdown/clearance strategies and outcomes.
Electronic workflow capabilities streamline the approval process.
Visit Revionics at booth #658 at the Retail Business Technology
Expo and Cards Payments Solutions Conference. For more information
about Revionics and its solutions, please visit: http://www.revionics.com.
About Revionics, Inc.
Revionics delivers innovative life
cycle price optimization solutions to retailers, including base,
promotion, and markdown pricing. The Revionics solution leverages an
integrated forecast, enabling a coherent view of customer demand across
all decision areas. Our proprietary approach applies advanced analytics
and science to predict customer behavior, empowering retailers to
achieve their financial objectives, improve customer loyalty, and make
better, faster decisions. Our solutions are delivered on a modern, fully
scalable, software-as-a-service platform. Over 30,000 retail locations
across grocery, drug, building materials, convenience, general
merchandise, discount and sporting goods stores are priced using
Revionics solutions. For more information, please visit www.revionics.com.
Revionics, Inc.
Karen Dutch, 916-865-5402
Senior Vice President of Marketing
kdutch@revionics.com
Article source: http://finance.yahoo.com/news/revionics-showcases-price-optimization-solutions-060000936.html
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