Innovative Retailers Celebrated at Revionics Insight with Elevate Retail Awards
Winners include Big Y, BJ’s Wholesale Club, OZON.ru and Sally Beauty
Austin, TX – (October 17, 2017) – At Revionics’ eighth annual retail summit, Insight 2017, the preferred provider of SaaS-based pricing, promotion, markdown and space solutions recognized noteworthy usage of Revionics solutions and services with Elevate Retail Awards. These innovative winners, Big Y, BJ’s Wholesale Club, OZON.ru and Sally Beauty, have generated significant ROI and performance improvements through the effective use of Revionics’ capabilities.
“These outstanding Elevate Retail Award winners are inspirational game-changers who are driving retail transformations that benefit their customers, their companies and their investors,” said Marc H. Hafner, Chairman and CEO of Revionics. “We are proud to celebrate their accomplishments and share their stories of demonstrated success in enhancing customer loyalty, creating more efficient business processes, and delivering measurable business impact.”
Elevate Retail Award Winner Highlights
The companies’ nominations were judged on their strategic business goals, the challenges they faced, the Revionics solutions they utilized and the results that they achieved.
- Big Y, a family-owned and family-oriented retail food company serving people’s at-home food needs, has been a Revionics customer for more than eight years. The pricing team has continued to gain additional value in its use of Revionics Price Suite and related reporting including quarterly Value Measurement. The result: the ability to respond to competitive price changes with greater precision and agility, enhanced customer satisfaction, and consistent alignment with corporate strategy rules.
- BJ’s Wholesale Club, a leading operator of membership warehouse clubs in the Eastern United States with more than 210 clubs in 16 states from Maine to Florida, selected Revionics Price Suite in 2016. BJ’s price team is executing the science-based pricing to deliver bottom-line impact, streamline processes and serve as more strategic partners to their merchant team colleagues. BJ’s is now beginning implementation of Revionics Markdown Suite.
- OZON.ru, a leading online Russian retailer with more than 4.7 million items on its site, uses Revionics Price Suite and Dynamic Pricing. A Revionics customer since 2015, OZON.ru today generates 200,000 price updates daily. With a focus on capturing market share in Russia’s fast-evolving online market sector, OZON.ru has used data-driven dynamic pricing to drive 50% new customer acquisition and 30% revenue growth in just a few months. The pricing team also makes good use of Revionics’ sophisticated analytics and predictive science capabilities.
- Sally Beauty, the world’s largest retailer of professional beauty supplies with more than 5000 stores worldwide, has used Revionics Price Suite since 2015 to deliver more shopper-centric pricing while driving significant, measurable margin impact. In addition, the team at Sally Beauty has streamlined processes across the entire merchandising cycle, freeing up additional merchant time to focus on their core strategic responsibilities. Today Sally Beauty sets demand-based prices by category with pricing down to the store level.
View past Elevate Retail Award winners here.
About Revionics, Inc.
Revionics is a global leader in profit optimization services and solutions. Our unparalleled analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes. The result: achieve speed to value and ROI, improve margins, drive top-line sales and respond faster with precision.
Revionics’ SaaS-based model integrates analytics, technology and services to deliver an unmatched advantage for retailers – Competitive Insights, Price Suite, Promotion Suite, Markdown Suite, and Space and Assortment Suite – all from a predictive platform to drive long-term growth.
Trusted by some of the most profitable retail brands, Revionics optimizes across more than 18 million products and more than 2.6 billion item/store combinations are modeled weekly. Learn more at www.revionics.com.