FINANCE

Russian retailer DIXY selects Revionics for price optimization

BY Katherine Boccaccio

Austin, Texas — Merchandise optimization solution-provider Revionics said that it has entered into a multi-year agreement with DIXY Group, one of Russia’s largest national retail operators in the food retail market, to provide Revionics price optimization solution to the company’s DIXY Neighborhood Stores, which includes 1,580 retail stores.

DIXY Neighborhood Stores wanted to take a more shopper-centric, data-driven approach to its price management process. The solution will allow the chain to ensure merchandise is properly priced; drive shopper demand and behavior; and increase merchant efficiencies and provide a consistent customer experience through automation.

“As the third largest grocer in the market, it was paramount that we chose a partner with proven capabilities and results. Revionics’ unique price recommendation transparency and user-friendly interface will speed adoption and value,” said Danny Perekalsky, marketing director at DIXY Retail Group.

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FINANCE

Blackhawk partners with Coinstar on eGifts

BY Katherine Boccaccio

Pleasanton, Calif. — Prepaid payment network Blackhawk Network unveiled a partnership arrangement with Coinstar, offering customers of Coinstar’s 20,300 coin exchange kiosks a selection of Blackhawk eGifts for no fee when they cash in coins via the kiosks.

The eGift codes are redeemable at issuing retailers – either in-store, online or via mobile devices. Merchants include Gap, iTunes, Lowe’s, Southwest Airlines, Toys "R" Us, Babies "R" Us and others.

"This partnership with Blackhawk Network allows us to offer our customers new ways to conveniently transform loose change into real shopping potential at some of their favorite retailers," said Mike Skinner, president of Coinstar.

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OPERATIONS

Toys ‘R’ Us to remain open 87 straight hours

BY Katherine Boccaccio

Wayne, N.J. — Toys “R” Us announced that, beginning at 6:00 a.m. on Dec. 21, it will remain open continuously through 9 p.m. on Christmas Eve, leveraging last-minute toy shoppers’ most frenetic shopping hours.

All Toys “R” Us stores nationwide are advertising around-the-clock savings and deals during the final 87 hours of Christmas shopping, along with daily deliveries through Christmas Eve. Only full-service stores in Paramus, N.J., and Puerto Rico, will not be open 24 hours a day.

"With only eight shopping days remaining until Christmas, we are offering customers extended, uninterrupted time in stores, providing them the opportunity to shop whenever is most convenient for them – whether early in the morning or late at night," said Troy Rice, executive VP, Stores and Services, Toys "R" Us.

The chain is promoting Christmas Eve delivery for online orders placed by noon on Dec. 23, as well as its buy-online-pickup-in-store purchasing options.

The New York City Times Square flagship is well into its continuous holiday operating hours, having launched on Dec. 1 its 566-hours-straight of uninterrupted shopping.

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