eBags.com Selects Revionics® Price Optimization Solution for its eCommerce Business

eBags.com Selects Revionics® Price Optimization Solution for its eCommerce Business
August 14, 2012 Laura Holte - Senior Solutions Marketing Manager

eCommerce leader eBags.com chooses Revionics’ solutions to adopt a more shopper-centric pricing strategy to drive enhanced margins, sales and customer loyalty

ROSEVILLE, CA – August 14, 2012Revionics, Inc., the leading provider of End-to-End Merchandise Optimization solutions, which are optimizing 31,000+ retail locations, today announced that eBags.com, the world’s leading online retailer of luggage, handbags, business cases, backpacks and accessories for all lifestyles, has selected Revionics® Price Optimization solution.

Based on an extensive industry search and in-depth evaluations of several vendors, eBags.com chose Revionics due to their strong track record and ability to help retailers find the optimal price for a vast array of products, ranging from those facing dynamic and widespread competitive prices, to those sold exclusively through eBags.com.

“As a market leader featuring nearly 45,000 products from over 550 brands, we are confident that Revionics is the right company to help us improve our pricing strategies,” said Vince Jones, CEO of eBags.com. “This will ensure we are competitively priced for today’s increasingly-informed shopper.  Our customers rely on us to provide the right tools and unbiased customer reviews to help them find the perfect bag from within our phenomenal selection of products. Revionics will ensure that these customers also continue to find competitive prices on everything on our site, whether they’re shopping for a well-known brand with category-leading products, or more of a specialty brand with niche products.”

Revionics stood out to eBags.com due to their proven track record with leading retailers, their highly transparent price optimization solutions that provide the “why” behind pricing recommendations and how they truly take a partnering approach with their customers.

“We are very proud to be eBags.com’s vendor of choice for price optimization,” said Marc Hafner, Revionics President and CEO. “We are looking forward to helping eBags become an even stronger eCommerce industry leader through streamlining their eCommerce pricing strategies, resulting in a more consistent and effective approach for increased conversation rates, profitability and customer satisfaction.”

About Revionics, Inc.

Revionics delivers the industry’s most powerful End-to-End Merchandise Optimization solution, enabling retailers of all sizes to execute a fact-based, shopper-centric merchandising strategy resulting in enhanced financial performance with improved customer satisfaction. Revionics’ solutions leverage advanced predictive analytics and demand-based science to ensure retailers have the right product, price, promotion, placement and space allocation for optimal results. Offered on a scalable, high performance Cloud-based SaaS platform, these solutions future-proof retailers from Big Data/Fast Data challenges, while providing speed-to-ROI.  Over 31,000 retail locations and $95B in annual revenue across grocery, drug, building materials, convenience, general merchandise, discount, sporting goods stores and eCommerce sites optimize with Revionics’ solutions. Revionics has been recognized as a Red Herring’s Top 100 Americas and JMP Securities’ Hot 100 Software Company.  For more information, please visitwww.revionics.com.

About eBags.com

eBags.com is the world’s leading online retailer of luggage, handbags, business cases, backpacks and accessories for all lifestyles. With over 13 million bags sold and 2.3 million unbiased customer reviews, eBags.com features over 40,000 products from 500 brand names such as Fossil, Samsonite, Tumi, The North Face, DAKINE, JanSport, Kenneth Cole, Vera Bradley, kate spade and Nike. eBags.com is also a proud supporter of the fight against breast cancer and donates 10% of the retail price of each pink product towards breast cancer research, education, screening and treatment. For more information on eBags.com, please visit www.ebags.com.