Innovative Retailers Celebrated at Revionics Insight with Elevate Retail Awards

AUSTIN, Texas, Oct. 17, 2017 /PRNewswire/ -- 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.

Tweet This:
Congrats Revionics Elevate #Retail Award winners @SallyBeauty @BJsWholesale @OzonBooks @BigYFoods #Retail Innovation https://goo.gl/fzbkx3

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.

View past Elevate Retail Award winners here.

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Contact: Alison Raffalovich
Senior Director, Corporate Communications
Phone: +1 (512) 826-0538
araffalovich@revionics.com

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SOURCE Revionics, Inc.