OPERATIONS

Big Y renews price optimization software agreement with Revionics

BY Staff Writer

Roseville, Calif. — Revionics, a provider of retail life cycle price optimization solutions, announced that Big Y Foods has renewed its price optimization software agreement with Revionics.

Big Y leverages the solution for its base price planning and optimization throughout all of its supermarkets.

"Revionics’ proven solutions enable us to gain insight into shopper demand and set prices aligned with our price image," stated Michael Tami, VP information resources and technologies for Big Y, which operates 61 stores in New England.

keyboard_arrow_downCOMMENTS

Leave a Reply

A.Socolov says:
May-28-2012 12:34 pm

What kind of hosting have you got? The optimization software agreement isn't public I guess, so, we won't be aware of the possible articles that will interest us. Anyway, I just heard about the private cloud hosting and everybody seems to be very pleased with the product, so I think I would like to use it in the close future.

A.Socolov says:
May-28-2012 12:34 pm

What kind of hosting have you got? The optimization software agreement isn't public I guess, so, we won't be aware of the possible articles that will interest us. Anyway, I just heard about the private cloud hosting and everybody seems to be very pleased with the product, so I think I would like to use it in the close future.

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Kantar study finds Walmart widens price lead over Target

BY Marianne Wilson

Cambridge, Mass. — For the second consecutive time, Walmart’s overall branded basket registered as less expensive than Target’s, according to Kantar Retail’s semi-annual pricing study.

Though the baskets of the two retailers still closely contend, Walmart’s basket was less expensive, with the result driven primarily by the retailer’s edible grocery sub-basket. This is the widest lead that Walmart’s overall basket has had across the seven iterations of the study, and the first time since June 2009 that each of Walmart’s sub-baskets registered less expensive than Target’s.

“These results demonstrate the impact of Walmart’s basket EDLP strategy which has intensified since mid 2011,” said Leon Nicholas, senior VP with Kantar Retail and contributor to the study. “Suppliers will continue to feel heightened pressure to improve Walmart’s internal efficiencies if not through outright efforts from Walmart to get suppliers to “match” Walmart-funded price reductions.”

Walmart plans to further its downward pressure on price in an effort to widen this basket price gap, according to Nicholas.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Report: Home Depot rolling out PayPal chainwide

BY Staff Writer

New York City — The Home Depot is expanding its use of PayPal, the online payment service of eBay, from the 51 stores in the pilot program to all of the home improvement retailer’s stores, Dow Jones Newswire reported.

Don Kingsborough, PayPal VP for retail and prepaid products, said PayPal should be available at all of Home Depot’s approximate 2,000 U.S. locations by the end of next month, according to the report.

"We’ve all been happy with the results and the number of adopters, and how quickly people who had PayPal accounts were able to migrate to use it in a Home Depot store," Kingsborough said in the report.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...