Revionics, a provider of price optimization systems, announced it has acquired the business and related assets of Retail Optimization, New Haven, Conn., a provider of cloud-based assortment and space optimization systems.
Revionics, Roseville, Calif., a leading provider in retail life cycle price-optimization solutions, announced that Fairway Market has selected the Revionics Price Optimization solution for base pricing.
According to NRF Retail Horizons Benchmark Report, two key initiatives to keep retailers competitive in 2010 were optimization and streamlining of their internal operations to reduce operating costs and improving their customer centricity to win the share of wallet.
Today’s savvy retailers are maximizing their floor space by investing in smart solutions such as in-queue merchandising, which use modular systems that help improve customer flow and increase sales of display merchandise at the checkout line.