Revionics, an Aptos Company

Congrats to our many customers that were recognized by Newsweek as "America's Best Retailers."

Survey participants were asked how likely they are to recommend a retailer and to give their thoughts on a store’s pricing, selection and atmosphere.

Well done to Love's, Tractor Supply, Lowe’s, Aldi and others. 🎉

Von Maur, Costco, Trader Joe’s among U.S. best retailers — by category Quality products, reasonable prices and excellent customer service — these are the attributes that allow retailers to succeed.

New product introductions are exciting. And complicated. Especially when it comes to setting introductory pricing.

At Revionics, our science helps retailers unlock optimized pricing faster for new SKUs.

Here's how ➡️ https://bit.ly/3zLgPJD

As product quality and assortment depth continues to expand, the private label market will become increasingly competitive.

Which means, retailers need to be extra savvy in how they promote their own brands.

On the Revionics blog, we offer tips for retailers to enhance the appeal of their private label products and significantly boost profitability and market share.

Three retail strategies for improved private label promotions As private label products become more important to retailers and consumers, here are three strategies to developing private label promotions that adapt to rapidly shifting market conditions.

Have you heard about our latest advancements in GenAI, retail pricing analytics and in unlocking big data?

Google Cloud interviewed Revionics' Joshua Oettle and Patrick Lea for an inside look at our investments in next gen technologies and our bold leadership in retail price optimization.

New Way Now: Revionics delivers next-generation retail pricing analytics with Google Cloud 𝗦𝘂𝗺𝗺𝗮𝗿𝘆: Josh Oettle, head of product engineering and science, and Patrick Lea, senior VP for cloud infrastructure and operations at Revionics, share ...

As determined by vendor selection projects, partner conversations, customer references, market share, internal research and other factors, Constellation Research produced a ShortList™ of the top price optimization solutions.

Check it out! 🔎

➡️ https://bit.ly/42EexX2

Now available! Check out this episode of SADA's CloudNClear podcast, featuring Revionics' Matthew Pavich and Google Cloud's Paul Tepfenhart.

Tune in now to hear how retailers are using the power of AI to optimize the pricing process.

Special thank you to the host, SADA's Joyce Mueller. It was an excellent discussion on how AI is transforming the retail landscape. Our partnerships with SADA and Google Cloud help us deliver high-impact pricing results to our clients.

Listen and learn how! 💡

🎙 Podcast: https://bit.ly/3LdQoyO
📺 YouTube: https://bit.ly/4cyqamG

Data is the new oil. Or, in this case, the new fuel. ⛽

As featured in Convenience Store News Canada & OCTANE, this article unlocks how data-driven strategies and AI play a role in the profitability of c-stores.

Revionics' Matthew Pavich also provides insight on how our intelligent pricing platform helps convenience store chains to grow revenue and offer more value to customers.

Why data will become key to c-stores profitability When it comes to pricing and knowing what to stock, it will all come down to real-time data.

Pricing in DIY retail is complex!

We asked the pricing pros at Home Depot Mexico to share their insights on how AI helps them make smarter pricing decisions, optimize profit margins and enhance customer satisfaction.

Price Optimization in Retail: Embracing AI for Competitive Advantage with Home Depot In this webinar, our expert speakers discuss the complexities of retail pricing in a diverse market like Latin America, including the impact of regional economic variations, consumer behaviors, and competition.

On the Revionics blog, we've outlined steps retailers can take to improve measurement and performance of their promotional strategies.

Those steps are:

🔹 Open your mind to new possibilities.
🔹 Balance conflicting objectives by adopting a holistic view of every offer.
🔹 Be ruthless with underperforming promos.
🔹 Reevaluate how you use vendor funds.
🔹 Take full advantage of everything modern science has to offer.

Looking past the past: Designing promotions that outperform last year Improving the performance of retail promotions starts with comprehensive impact measurement.

Superior science leads to superior results. Profit lift is just one of the many benefits you can expect with an investment in Revionics.

Interested in a free pricing strategy checkup with our experts?

Schedule here ➡️ https://bit.ly/3W0W0mg

REMA 1000, a Norwegian grocery retailer, is leveraging electronic shelf labels and Revionics' AI platform to maintain their price leadership.

Want details on how they're achieving improved price perception and profitability?

Watch the video below.

Unlocking intra-day pricing for real-time profits and price perception improvements Leveraging Revionics’ leading AI data platform and electronic shelf labels, REMA 1000 delivers optimized prices to their stores throughout the day

IYKYK: dynamic pricing and surge pricing are not the same.

In Computer Weekly, Glynn Davis does an excellent job identifying the misconceptions around dynamic pricing.

He also offers examples of the benefits of intelligent pricing strategies, including multiple intra-day changes according to factors such as impending expiry dates on perishable goods, changes in the weather and over-stocked goods.

Revionics' Matthew Pavich lends insights to the article based on what we're seeing within our global customer base.

The pros, cons and misconceptions of dynamic pricing for retailers | Computer Weekly The terms dynamic-pricing and surge pricing are often conflated, leaving retailers battling against misconceptions and angry consumers as they use technology to implement price flexibility across their stores

Last Year-itis. 🤒

It's a condition that often plagues retailers, particularly when it comes to promo strategies.

Yet, modern science has the cure: 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐨𝐧𝐬 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬

In our new resource guide, complete with example analytics dashboards, we chart your path to better promo performance.

Take a look: https://bit.ly/4ctX8E6

PRESS RELEASE:

As the largest rural lifestyle retailer in the U.S., Tractor Supply Company operates more than 2,200 stores and has a strong e-commerce presence.

As its business continues to grow, Tractor Supply selected Revionics’ Base Price and Markdown applications to provide advanced capabilities to streamline and automate pricing decisions.

“Our collaboration with Revionics plays an important role in our ability to offer customers the most attractive prices. The scale and sophistication of Revionics, along with the ability to price at a localized level, have been extremely strategic for our business," notes Matt McGrath, Tractor Supply’s Vice President of Pricing, Events and Presentation.

Learn more about our work with Tractor Supply in today's announcement.

➡️ https://bit.ly/3VLCNok

“Ultimately, we have been able to prove with evidence and recurrence the reliability of Revionics’ solution, and that it supports all the pricing needs of our business." - Leroy Merlin Brazil

Case Study: Leroy Merlin Brazil - Price Optimization Home improvement retailer relies on Revionics’ powerful price optimization software to unify omnichannel pricing and strengthen its competitive position.

Walmart recently announced its plans to introduce digital shelf labels in 2,300 stores by 2026.

Whether you are a proponent of digital shelf labels or not, the fact remains that when Walmart makes a move - the industry pays attention.

Revionics' senior director of strategy and innovation, Matthew Pavich, said that other companies following along is inevitable.

"Walmart is the most competed against retailer in the U.S. and its investment in digital shelf labels has raised the stakes for every retailer trying to match/index or beat them on prices and promotions," he said.

"It is safe to say that retailers that are falling behind on pricing technology and sophistication will be at a significant disadvantage moving forward."

Walmart makes a huge pricing change customers might not love The retailer has made a major move in how it prices items, and Target, supermarket chains, and others might have to follow.

Imagine the thousands of products being sold in thousands of stores every day to millions of customers, the diversity of different ways items could be promoted, the ever changing external factors that affect demand, and all the new items being sold for the first time.

In this context, the need for AI and a robust framework to support optimisation becomes apparent.

In Retail Technology Innovation Hub, Revionics' Aakriti Bhargava offers a technical look at demand-based optimisation at scale.

Aakriti Bhargava of Revionics discusses demand-based optimisation at scale using AI — Retail Technology Innovation Hub Retail businesses operate in increasingly competitive environments. In these dynamic markets, the ability to accurately predict how retail strategies around pricing, advertising, procurement, and other operational factors affect demand can help enterprises meet and maximise their financial and marke

PRESS RELEASE:

We are excited to officially welcome Grupo Ramos to the Revionics customer family.

Grupo Ramos is the leading retail company in the Dominican Republic. Operating hypermarkets, supermarkets and discount stores, Grupo Ramos’ stores receive more than 50 million visits per year.

“With Revionics’ AI-driven pricing, Grupo Ramos can deliver customer-focused prices and improved efficiency for all its pricing activities," notes Revionics GM Scott Zucker.

Learn more about Grupo Ramos and their selection of Revionics' AI pricing platform in today's announcement.

Grupo Ramos Prioritizes Customer-Centric Pricing with Revionics Technology Grupo Ramos, the leading retail company in the Dominican Republic, will adopt Revionics’ AI-powered price optimization solution.

📣 Have you heard? Revionics customers have access to a GenAI chatbot in our Base Price Optimization solution.

Customers can ask the chatbot questions and get responses back in seconds. The chatbot leverages Revionics’ vast user guide library to serve as the model’s foundational source of knowledge.

Additional investment in the GenAI chatbot is planned throughout 2024, with later phases to incorporate advanced data mining and analytics capabilities.

Learn more about our GenAI advancements in this press release.

➡️ https://bit.ly/4c3hZ11

Tired of running the same old promotions season after season? 💤

With Revionics' Promotions Planning and Optimization solution, you don’t have to.

Get ready to breathe new life into your promos & maximize the impact of every offer. 📈

View our guide ➡️ https://bit.ly/3TyYFBh

Home improvement retailers face increased complexity when it comes to pricing. View our infographic for five ways DIY retailers can build a better pricing strategy with AI.

➡️ https://bit.ly/3R5J1Nb

Last week, Revionics’ Patrick Lea was a guest speaker during SADA's Cloud Transformation Tour event in Dallas, Texas.

During the session, Patrick discussed how Revionics is leveraging the latest advancements in AI – including generative AI – to remain at the forefront of price optimization technology.

Learn more about our AI leadership: https://bit.ly/4aKJ1ci

Is it true ... what goes up, must come down?

Major retailers around the world, including Target, have recently announced massive price decreases.

Retail experts, including Revionics' Matthew Pavich, share their views on the importance of smart pricing moves at a time when shoppers are looking for better value.

“Winning share in today’s market is about pulling several levers,” said Matt Pavich, senior director of strategy and innovation at Revionics, a pricing optimization company. “Taking massive price reductions is a great first step — especially when well communicated and targeted at bringing down the cost of key value items.”

Target Needs to Win Back Shoppers. Here’s How. Once a favorite among middle-class shoppers, Target’s reputation as a premium big-box retailer is now a liability as inflation drives consumers to seek value...

We know it can be hard to cut through the noise.

That is why we put together this resource guide for evaluating retail price optimization vendors.

Revionics' Aditya Rastogi outlines what questions to ask to help ensure ROI from price optimization.

➡️ https://bit.ly/3QWSy95

The Revionics customer base includes retail leaders across a variety of industries, including grocery.

Take a look at some of the retailers that power their pricing strategies with Revionics.

➡️ https://bit.ly/3QNviu4

Good news abounded for the U.S. grocery sector in April, with food-at-home prices trending down and grocery sales trending up.

Revionics' Matthew Pavich and other experts share their views on the latest retail sales and CPI results in Progressive Grocer.

Grocery Prices Fall in April While the sector's CPI trended down, grocery sales were on the upswing last month