Pamida to Price and Promote with Revionics
SACRAMENTO, CALIFORNIA, August 18, 2009: Revionics, Inc., a leading provider in retail lifecycle price management and consumer demand management software, announced today that Pamida, operators of more than 200 general merchandise stores across 17 Midwestern states, has selected the Revionics Advanced Pricing Solution (RAPS). Pamida will utilize RAPS Advanced Edition, which features a fully integrated forecast, planning and optimization environment across everyday, promotion and markdown pricing.
Based in Omaha, Nebraska, Pamida is known for providing consumers value and convenience for branded products, including apparel, home electronics, domestics, seasonal items, toys, house wares, and grocery items. The Revionics solution will calibrate prices on every item, in every store, each week across all categories ensuring Pamida is achieving their desired price image and financial objectives. Additionally, Revionics Promotion and Markdown Optimization will help Pamida plan and execute more effective, localized events based on regional product demand.
“Price Optimization was prioritized for Pamida to ensure our price image was properly reflected in our stores,” said Bill Young, Senior VP of Store Operations at Pamida, “We chose Revionics based on their ability to problem-solve through use of their sophisticated yet intuitive pricing solution. We were impressed at their knowledge of our business and their ability to demonstrate a fully integrated solution.”
“Pamida is an outstanding retailer very focused on being consumer centric,” said Todd Michaud, President and CEO of Revionics, Inc. “We are delighted to have Pamida as one of our newest customers and look forward to helping them to integrate RAPS with their Tomax Retail.net and Oracle Retek software to satisfy their pricing needs.”
About Revionics, Inc.
Revionics is a leading provider of fully integrated retail life-cycle price management and consumer demand management software. The Revionics Advanced Pricing System (RAPS) generates increased sales and profits by leveraging sophisticated pricing science and demand analytics. The system supports the planning, execution and measurement of everyday pricing, promotional pricing and markdown pricing. All of these modules leverage one of the most accurate and integrated demand forecasting tools available in the industry. The Revionics offering is available as a Software-as-a-Service (SaaS) subscription offering over the Internet. The offering includes advanced modeling, optimization on-demand, scenario forecasting, and advanced category analytics. Headquartered in Granite Bay, California, the company services more than 100 clients in retail grocery, automotive, drug, building materials, convenience, general merchandise, and discount stores throughout North America. For more information please visit www.revionics.com.
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