OPERATIONS

REI elects two new members to board

BY Dan Berthiaume

Seattle — REI’s members recently elected two new directors to represent their interests on the co-op’s board of directors.

Karen E. (Kari) Glover and Sharon Philpott were elected to three-year terms and Cheryl Scott was re-elected to a three-year term. Earlier in the year, the REI board re-appointed Chloe Harford and Matt Compton to one-year terms.

Glover practiced law for 30 years at Preston Gates & Ellis, where she was managing partner of the firm. Currently, she serves on the board of trustees of her alma mater, Whitman College, and on the board of United Way Worldwide where she is the chair of the executive compensation committee.

Philpott is a certified public accountant and currently is a member of the finance and audit committee of the Oregon Health and Science University Foundation and on the advisory council of The Wendy and Emery Reves Center for International Studies at The College of William and Mary.

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Buxton launches market share analysis solution

BY Dan Berthiaume

Atlanta – Buxton is launching its Market Share solution for U.S. retailers. Executives in the retail, restaurant and grocery industries can compare their market share performance to that of an aggregated peer group, giving them insights into how their business is performing to others in their market or industry.

Using a report that includes aggregated and de-identified data from Visa Inc., Buxton can compare a retailer’s market share for individual locations, specific markets and its business as a whole to that of its peer set. Incorporating Visa payment transaction data into the solution allows retailers to determine the revenue impact of marketing campaigns, pricing changes, and other strategic factors, while understanding and accounting for the impact of the overall market. All transactional data is aggregated and averaged, meaning no individual consumer purchasing patterns can be identified. Additionally, merchant data will be reported as an aggregated peer set.

“Buxton’s relationship with Visa continues to generate powerful solutions for businesses,” said Tom Buxton, founder and CEO of Buxton. “The Market Share Solution is an example of the big answers possible from the strategic and responsible use of data.”

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360pi releases private label price solution

BY Dan Berthiaume

Ottawa, Canada – 360pi has unveiled the latest generation of its 360comparables solution targeted to address private label brands. This release augments 360pi’s attribute-based matching algorithm with the option for customer-controlled product matching.

Retailers can use the solution to build product matches by starting with a list of proposed matches that they can accept, decline, and append to over time, essentially creating a living “smart match list” for comparable products. This release also delivers integrated product views of all exact and “like” product matches including equivalent private labels products with associated competitive pricing, providing retailers with instant intelligence.

“The value derived from any investment in competitive price intelligence is directly related to the accuracy and completeness of the product match list. This is especially true for ‘like’ matches including private label goods," said Alexander Rink, CEO of 360pi. “We tripled the match rate of Ace Hardware’s incumbent solution, and we are pleased to further improve upon these match rates with our latest generation of the 360comparables solution, optimized for private labels.”

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