Big Y, BJ’s Among Revionics’ Elevate Retail Award Winners
Big Y Foods and BJ’s Wholesale Club were two of the recipients of Elevate Retail Awards presented by Revionics, an Austin, Texas-based provider of SaaS-based pricing, promotion, markdown and space solutions, at its eighth annual retail summit, Insight 2017.
Recognized for their noteworthy use of Revionics solutions and services, Big Y, BJ’s Wholesale Club and the other two winners, Russian online retailer OZON.ru and professional beauty supply retailer Sally Beauty, have generated significant ROI and performance improvements.
“These outstanding Elevate Retail Award winners are inspirational game-changers who are driving retail transformations that benefit their customers, their companies and their investors,” said Revionics Chairman and CEO Marc H. Hafner. “We are proud to celebrate their accomplishments and share their stories of demonstrated success in enhancing customer loyalty, creating more efficient business processes, and delivering measurable business impact.”
Revionics evaluated the companies’ nominations according to their strategic business goals, the challenges they faced, the solutions they employed and the results that they achieved.
Springfield, Mass.-based Big Y, has been a Revionics customer for more than eight years. Its pricing team has continued to gain additional value from Revionics Price Suite and related reporting, including quarterly value measurement. As a result, the grocer is able to respond to competitive price changes with more precision and agility, has enhanced customer satisfaction, and is consistently aligned with corporate strategy rules.
Westborough, Mass.-based BJ’s Wholesale Club implemented Revionics Price Suite in 2016. The retailer’s price team is deploying science-based pricing to deliver bottom-line impact, streamline processes and serve as a more strategic partner to its merchant team colleagues. BJ’s has also now begun implementation of Revionics Markdown Suite.
The Elevate Retail Awards made their debut last year. Past winners include Delhaize America.