July 17, 2012
BevMo! chooses Revionics’ best-of-breed solutions to streamline merchandising processes and improve profits, margins and brand image
ROSEVILLE, CA - July 17, 2012 - Revionics, Inc., the retail industry’s leading provider of End-to-End Merchandise Optimization solutions which are optimizing 31,000+ retail stores weekly, today announced that BevMo!, the ultimate specialty beverage retailer which operates 116 stores, has selected Revionics as the provider of their price and promotions optimization system.
In a three-year agreement, Revionics will be providing BevMo! Revionics® Price Optimization for base price management and optimization andRevionics® Promotion Optimization for promotion planning and optimization. The company will also be delivering Revionics® Store Clustering Analysisservices that will scientifically group stores for optimal pricing alignment.
BevMo! was searching for a price and promotion optimization solution, as well as a company that could partner with them to help sense, shape and predict customer demand and shopping preferences. Revionics' solutions will help BevMo! adopt a more shopper-centric approach to pricing and promotions and streamline their merchandising processes, resulting in improved profitability, stronger customer loyalty and enhanced price and brand image.
“Revionics’ solutions will enable us to improve our cross-functional collaboration efficiency, reduce manual processing through automation and provide our teams with real-time access to fact-based data for more effective pricing and promotions,” stated Alan Johnson, CEO for BevMo!. “Their SaaS-based approach and NRF-ARTS compatibility maximizes our agility and ensures a fast time-to-value.”
After a comprehensive industry search, BevMo! chose Revionics due to their industry-leading life cycle price optimization solutions and demonstrated track record of enhancing retailer performance. Revionics’ compliance to The Association for Retail Technology Standards (ARTS) of the National Retail Federation (NRF) standards also ensures that BevMo! can more quickly, easily and securely exchange data between applications.
“BevMo!’s selection of Revionics reaffirms our leadership position in shopper relevant pricing and promotions, driving enhanced margins, sales and customer loyalty,” said Marc Hafner, Revionics’ President and CEO. “Our team is excited to welcome BevMo! and is committed to helping them become more streamlined, effective and profitable.”
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 and sporting goods store are optimized with Revionics. Revionics has been recognized as a Red Herring’s Top 100 Americas and JMP Securities’ Hot 100 Software Company. For more information, please visit www.revionics.com.
Satisfying customers since 1994, BevMo! is the ultimate specialty beverage retailer where beverage lovers can discover the best quality wines, spirits and beers, at great prices. BevMo! makes shopping convenient, comfortable and fun. BevMo!'s knowledgeable, dedicated and welcoming team of experts can assist both enthusiasts and first-time buyers of wine, spirits and beer to discover something new. A one stop shop for everything beverage, BevMo! also supplies so much more including specialty foods, cocktail mixers, cigars, glassware and bar accessories. BevMo! also offers most of its products for purchase online, for delivery or in-store pick up. To find out more about BevMo!, please visit www.BevMo.com.