Family Dollar Stores renews software agreement with Revionics for price optimization
Roseville, Calif. -- Family Dollar Stores is renewing its software contract with Revionics, which provides end-to-end merchandise optimization solutions, the supplier announced. The multi-year agreement will extend the retailer’s services with Revionics’ price optimization solutions, with Family Dollar leveraging Revionics’ solutions in each of its more than 7,600 stores in 45 states.
“As one of the fastest growing discount retailers in the United States, we rely on our partners to deliver innovation to support our growth and success so that we can focus on providing more value to our customers,” said Mike Bloom, president and COO, Family Dollar. “Over the past three years, Revionics has proven that they are a great partner for Family Dollar through their cutting-edge technology and pricing analytics that protects our strong value perception while assisting us to improve our profitability.”
After an extensive search in 2009, Family Dollar selected Revionics price optmization solutions for base-price management and optimization as part of their merchandising initiative, Project Accelerate, which focused on a merchandising transformation in pricing, space productivity, assortment planning, and workflow capabilities. For this major initiative, Revionics’ solution provided Family Dollar with sophisticated price optimization software to support their market growth plans, expanded product mix and shopper-centric everyday value pricing.
In addition, Revionics is helping Family Dollar balance competitive and value-based pricing with profitability.