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eBags.com Renews Agreement for Revionics® Price Optimization
|By Business Wire
|June 10, 2014 06:00 AM EDT
Inc., the leading global provider of End-to-End
Merchandise Optimization solutions, announced today that eBags.com,
the leading online retailer of luggage, handbags, backpacks, and
accessories has renewed their agreement for Revionics®
Price Optimization. eBags has been leveraging Revionics’
optimization solution since 2012 for base price planning, management and
Retailers continue to increase the volume of price changes according to
RSR Research’s 2014 Pricing Benchmark. Dynamic pricing in eCommerce is
becoming ‘business as usual’, raising the bar on the need to be
responsive to shopper and competitor behavior. Leveraging Revionics’ optimization
solution to integrate competitive data with shopper insights, eBags
has been able to adopt a more data-driven approach to their everyday
value pricing, which ensures pricing competitively while improving sales
“Revionics’ solution has helped us align our pricing with our corporate
goals and strategies,” said Steve Neptune, SVP of Financial Planning &
Strategy for eBags. “Prices on the Internet can be dynamic and we rely
on Revionics to help us respond to these changes rapidly, while
remaining strategic and disciplined in our approach.”
“The eBags renewal underscores the strong success that both our teams
have achieved together,” said Marc
Hafner, CEO of Revionics. “We look forward to continuing to help
them enhance their pricing strategies for optimal profits and price
Revionics Price Optimization Enables Shopper-centric, Fact Based
Retailers require sophisticated, scalable tools to help them plan,
execute and measure their pricing strategies. Shopper-centric pricing
compels a retailer to understand how consumers are behaving by store and
how they shop by item.
Revionics’ optimization process integrates internal and external data,
business rules and operational constraints with price image, strategic
and financial objectives, enabling retailers to rapidly adapt their
pricing strategies and tactics to constantly changing shopper and
competitor behavior. Benefits include:
Image enhancing, profitable prices that achieve strategic and
Ability to forecast and measure the impact of price changes
Automation of the pricing process to ensure consistent
execution of business rules and price image while eliminating manual,
error prone tasks
Surgically execute competitive positioning while maximizing
Localizing prices based on shopper demand and competitor
About Revionics, Inc.
delivers the industry’s most powerful End-to-End
Merchandise Optimization solution, enabling retailers of all sizes
to execute a fact-based Omni-channel merchandising strategy utilizing
the most comprehensive set of shopper demand signals to enhance
financial performance with improved customer satisfaction. Revionics’
solutions leverage advanced predictive analytics and demand-based
science to ensure retailers have the right product, price, promotion,
placement and space allocation for optimal results across all touch
points in the Omni-channel shopping episode – online, in-store, social
and mobile. Offered on a scalable, high performance Cloud-based SaaS
platform, these solutions future-proof retailers from Big Data/Fast Data
challenges, while providing speed-to-ROI. Over 37,000 global retail
locations and $150+B in annual revenue across grocery, drug, building
materials, convenience, general merchandise, discount, sporting goods
stores and eCommerce sites optimize with Revionics’ solutions. Revionics
has been recognized as a Deloitte Technology Fast 500™, Red Herring Top
100 Global, Red Herring Top 100 Americas and JMP Securities’ Hot 100
Software Company. For more information, please visit www.revionics.com.
is the world's leading online retailer of luggage, handbags, business
cases, backpacks and accessories for all lifestyles. With over 20
million bags sold and 2.9 million unbiased customer reviews, eBags
features over 50,000 products from 500 brand names such as Michael Kors,
kate spade, Samsonite, Tumi, The North Face, JanSport, Kenneth Cole,
Vera Bradley, and Nike. eBags is also a proud supporter of the fight
against breast cancer and donates 10% of the retail price of each pink
product towards breast cancer research, education, screening and
treatment. For more information on eBags, please visit www.eBags.com.
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