Optimize with Confidence  



Blog

Author: Scott Gillies, Regional Director, APAC

It’s not a unique experience today for retailers to be facing market upheaval. Across the globe, shoppers are more in control than ever before, shopping 24/7 across all channels. Meanwhile the competitive environment is at its fiercest as international giants, specialty on-line retailers, and aggressive startups all take on local retailers head-on. And here in Australia, retail inflation has remained so far below the Consumer Price Index (CPI) for so long that the Reserve Bank of Australia conducted a special analysis and investigation, issuing a report this June that cited relatively soft commodity prices offsetting exchange rate depreciation in COGS and – you guessed it – increasing retail competition, including pressure from international retailers aggressively seeking market share.i

Author: Sue Dale, Vice President of Pricing Strategy

Check out Part I in our Responsive Merchandising blog series:
Responsive Merchandising: Back to Basics, Part I

As I mentioned in Part 1 of this blog post, experience working with dozens of retailers as they progress along their price optimization journey has helped my colleagues and me create a Responsive Merchandising Maturity Model that falls into three phases that we call Crawl, Walk, Run. The last post discussed foundational elements and considerations, including data integrity, price strategy and competitive insights. Here we’ll explore the “Walk” phase, which is rules-based price management.

Author: Carlos Rodriguez, Regional Sales Director - LATAM

In recent blog posts, I’ve talked about the diverse economies of Latin America – and the diverse paths that lead retailers to implement price optimization – as well as the broad and accelerating movement toward customer-centric retailing there. Today I want to dive a little deeper into the story of how one Latin American innovator, Minas Gerais’ Drogaria Araujo, is leading the market with price optimization, promotion optimization and advanced analytics to better serve its customers and enhance business results.

Author: Sue Dale, Vice President of Pricing Strategy

Retail is in a period of unprecedented upheaval: super-connected shoppers firmly in control, and they carry the store wherever they go. Further adding to the already heightened pressures, retailers must also contend with an ever-fiercer competitive environment dominated by traditional brick-and-mortar retailers, behemoths like Amazon and a proliferation of new entrants. And for too many retailers, with increasing price sensitivity, transparency, accelerating price changes and intense price competition, a race to the bottom is in full swing.

Author: Carlos Rodriguez, Regional Sales Director - LATAM

On the heels of our sold-out workshop in Monterrey on “Advanced Strategies for Profit Optimization,” I am still struck the variety of leading retailers in the room – more than 35 people from 13 of Mexico’s most innovative retail brands. They represent a range of retail sectors, with varying degrees of optimization maturity, but they all share a passionate interest in sharpening their brand and price image, better connecting with customers and delivering measurable business results.

Author: Carlos Rodriguez, Regional Sales Director - LATAM

The fast-changing retail landscapes of Latin America present both opportunities and challenges, and the need for retailers to act decisively has never been clearer. The ecommerce wave is gaining powerful momentum – ecommerce is expected to grow by 189% over the next five years in Mexico alone – and consumers expect and demand value, brand interaction across all channels and stimulating in-store experiences from the moment they cross the threshold.

Author: Alison Raffalovich, Senior Corporate Communications Director

Allison Rouse RoysterIt gives me very great pleasure to extend congratulations on behalf of all my colleagues here at Revionics to Allison Rouse-Royster, Managing Partner for Rouses and a winner of Progressive Grocer’s 2016 Top Women in Grocery award! The recognition, which is in the senior-level executive category, honors the critical role women play across all areas of today’s dynamic retail food sector and recognizes the industry’s true executive innovators.

Author: Cindy Kim, Vice President Global Marketing

With industry heavyweights including RIS News’ Joe Skorupa, EKN Research’s Sahir Anand, Revionics’ Cheryl Sullivan and MGM Resorts’ Steve Schnur all participating, it’s no wonder we had such a great discussion going during the recent Webinar, “5 Critical Components of Advanced Pricing: How to Turn Consumer and Market Data into Actionable Insights.”

now over later smaller

Author: Dave Thompson, Chief Technology Officer at Revionics

 

Today we have many, many sources of big data to help support our business decisions.  Adopting such tools usually involves a journey towards a more structured decision process.  One common misunderstanding that we see is the idea that predictive models and rich analytics eliminate the need for intuitive, thoughtful decision making.  Another is that everything must be perfect in your systems from a data perspective in order to start.  Neither is the the case!  

 

Analytics tools don't replace intuition.  Instead they refine intuition.

9 of the Best Pricing Hacks for Retailers

Wednesday, 13 April 2016 14:02

Author: Mark Schwans, Senior Director, Solutions Marketing at Revionics

(Why 9 and not 10? Because my mom told me to do more with less)