ALCO to deploy Revionics pricing solutions
Abilene, Kansas -- ALCO Stores and Revionics Inc. announced a multi-year partnership, which will support optimal pricing decisions throughout ALCO’s 217 stores.
Revionics Life Cycle Price Optimization solutions and Analytic Solutions will enable ALCO to design and execute regional, localized pricing initiatives, timing of markdowns, promotional pricing and analysis of customer market baskets and key volume items.
“We are excited about our new partnership with Revionics and expect their proprietary software to help us improve gross margins, increase average basket, and enhance returns for ALCO shareholders,” said Rich Wilson, president, ALCO Stores. “Over the next several months we will implement the Revionics technology, which we anticipate will lead to a positive impact on profitability later in fiscal 2014 and beyond.”