Douglas Germany, Love’s and Leroy Merlin recognized for innovation with price optimization
AUSTIN, Texas--(BUSINESS WIRE)--Revionics LLC, an Aptos Company, a provider of retail pricing, promotions, markdowns and advanced analytics solutions, today announced the recipients of its 2020 Elevate Awards. The winners include Douglas Germany, the number one online premium beauty shop in Europe; Love’s, a leader in the travel stop and services industry; and Leroy Merlin, Brazil’s largest home improvement retailer.
Honored at Revionics’ annual retail pricing conference, Insight, each year, the Elevate Awards are granted to customers who recognize that pricing is a strategic need and have exhibited the most innovative use of Revionics’ solutions to produce outstanding results for their organizations.
“With all the challenges that 2020 brought, the competition for the Elevate Awards was higher than ever, and we’re thrilled to recognize this year’s winners,” said Scott Zucker, Senior Vice President for Global Customer Success, Revionics, an Aptos company. “Many retailers relied on Revionics’ analytics, solutions and teams to see through the uncertainties in the marketplace, and they came out stronger than ever.”
The 2020 Elevate Award winners include:
As a leading premium beauty retailer, Douglas Germany reshaped its business and pricing approach to adapt to COVID-19. With Revionics, the retailer has achieved science-based pricing with transparency, as well as revenue and profit growth. It has also reduced manual processes and grown the pricing team. In addition to Douglas Germany, the company plans to roll out Revionics in Poland and Italy.
Operating more than 510 locations in 41 U.S. states, Love’s, the leader in the travel stop and services industry uses Revionics’ Price and Promotion Optimization solutions to enhance processes and achieve outstanding results. Love’s has improved margins and sales trends, forecasting abilities, and pricing processes, as well as strengthened promotional strategy execution and efficiency. With Revionics, the pricing team at Love’s is equipped with the right tools to improve planning and decision making, using analytics to measure and forecast.
The largest home improvement retailer in Brazil, Leroy Merlin uses Revionics’ Price Optimization solution to establish a stronger competitive price image, more localized pricing, and the flexibility to implement changes quickly. The company had one of the fastest and most efficient implementations of the Revionics solution, going from excel to optimization in just five months.
About Revionics, an Aptos Company
Revionics LLC, an Aptos Company, provides enterprise retailers around the world with leading, science-based solutions for pricing, promotions, markdowns and competitive insights to illuminate their way on the lifecycle pricing optimization journey. As a trusted partner for top retailers across a variety of industries and markets, Revionics delivers unparalleled results in ROI, profit lift, process efficiencies and more.
Powered by robust analytics and advanced AI models, Revionics equips retailers with clarity and confidence to make optimal pricing decisions. With science at the center, Revionics’ machine learning capabilities translate consumer, competitor and market data into actionable insights and transparent pricing recommendations for high-impact results.
Ketner Group Communications (for Revionics)