|[February 05, 2013]
Family Dollar Renews Multi-Year Software Agreement With Revionics
ROSEVILLE, Calif. --(Business Wire)--
Inc., the leading provider of End-to-End
Merchandise Optimization solutions, announced today that Family
Dollar Stores, Inc. (FDO), one of the fastest-growing discount
retail chains in the country, is renewing its software contract with
Revionics. This renewal agreement will extend Family Dollar's services
Price Optimization. Family Dollar will be leveraging Revionics'
solutions in each of its more than 7,600 stores in 45 states.
"As one of the fastest growing discount retailers in the United States,
we rely on our partners to deliver innovation to support our growth and
success so that we can focus on providing more value to our customers,"
said Mike Bloom, Family Dollar President and COO. "Over the past three
years, Revionics has proven that they are a great partner for Family
Dollar through their cutting-edge technology and pricing analytics that
protects our strong value perception while assisting us to improve our
After an extensive search in 2009, Family Dollar selected Revionics®
Price Optimization for base-price management and optimization as
part of their merchandising initiative, Project Accelerate, which
focused on a merchandising transformation in pricing, space
productivity, assortment planning, and workflow capabilities. For this
major initiative, Revionics' solution provided Family Dollar with
sophisticated price optimization software to support their market growth
plans, expanded product mix and shopper-centric Everyday Day Value
Pricing (EDVP). In addition, Revionics is helping Family Dollar balance
competitive and value-based pricing with profitability.
"We are extremely excited to renew and expand our partnership with
Family Dollar," said Marc
Hafner, President and CEO of Revionics. "We are very proud to have
helped Family Dollar offer extremely competitive and 'value-based'
pricing to their customers and look forward to helping them maximize
inventory value, increase value perception, brand awareness and loyalty
with our Life
Cycle Price Optimization solutions."
About Revionics, Inc.
delivers the industry's most powerful End-to-End
Merchandise Optimization solution, enabling retailers of all sizes
to execute a fact-based Omni-channel merchandising strategy utilizing
the most comprehensive set of shopper demand signals to enhance
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 across all touch
points in the Omni-channel shopping episode - online, in-store, social
and mobile. Offered on a scalable, high performance Cloud-based SaaS (News - Alert)
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, sporting goods stores and
eCommerce sites optimize with Revionics' solutions. Revionics has been
recognized as a 2012 Deloitte Technology Fast 500™, Red Herring (News - Alert) Top 100
Global, Red Herring Top 100 Americas and JMP Securities' Hot 100
Software Company. For more information, please visit www.revionics.com.
About Family Dollar
Beginning with one store in Charlotte, North Carolina, in 1959, the
Company currently operates more than 7,600 stores in 45 states. Family
Dollar Stores, Inc., a Fortune 300 company, is based in Matthews, North
Carolina, just outside of Charlotte and is a publicly held company with
common stock traded on the New York Stock Exchange under the symbol FDO.
For more information, please visit www.familydollar.com.
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