Revionics Inc., a provider of end-to-end merchandise optimization solutions, announced today that it has entered into an agreement with The Spotlight Retail Group, for their retail chain Spotlight, Australia's largest retail chain of fabric, craft and home interiors superstores, to deliver Revionics Price Optimization. After an in-depth industry search, Spotlight chose Revionics due to its proven demand-based science and predictive analytics software, which will help Spotlight leverage their large volumes of data to improve margins, increase top line sales and enhance customer loyalty, the companies said in a press release.
"Being more shopper-centric and data-driven is essential in today's hypercompetitive market," said Quentin Gracanin, SRG Group CEO. "There are several reasons we selected Revionics to help us with this initiative such as their strong track record of delivering results and partnering with retailers to ensure their strategic and financial objectives are met."
"We are very excited to welcome The SRG Group as one of our customers in the Asia Pacific market," said Marc Hafner, Revionics President and CEO. "When a large retailer like Spotlight chooses our solution it further demonstrates the need in the marketplace for a more sophisticated and disciplined approach to pricing. We are excited with our relationship with Spotlight and are committed to delivering quick time-to-value and a positive impact to their top and bottom line."
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 across all touch points in the omni-channel shopping episode — online, in-store, social and mobile.