Revionics, a provider of retail pricing, promotions, markdowns and advanced analytics solutions, today announced that The Save Mart Companies (TSMC), a privately held food chain with 206 stores under the banners of Save Mart, Lucky/Lucky California and FoodMaxx, has renewed a multi-year agreement for Revionics’ SaaS-based Price Optimization Solution. A customer since 2014, TSMC has renewed its contract with Revionics to continually refresh and reconfigure its pricing solution and adapt to shoppers’ shifting demands.
“We recognize that there’s a need to evolve and keep pace with how the market is changing,” expressed Oscar Pena, The Save Mart Companies’ Sr. Director of Pricing & Data Integrity. “Revionics has proven to be a strong partner in providing the capability and expertise we need to align pricing with our business goals, and we look forward to continuing our relationship.”
Since partnering with Revionics, TSMC has realized the value of using Revionics’ science-based AI solutions to gain a competitive edge in the market. By equipping the grocer with insights to manage and optimize its pricing strategies and tactics, the company has seen year-over-year ROI that has supported organizational growth and efficiency. With the ability to forecast and measure the impact of price changes, TSMC can maximize profit opportunities and adopt localized, consistent and competitive pricing.
“Our renewed partnership with The Save Mart Companies demonstrates the value of our pricing optimization solution in helping retailers grow market share, improve profitability and align with shoppers’ needs,” said Scott Zucker, SVP of Global Customer Success, Revionics. “Revionics will continue to provide Save Mart with targeted, relevant pricing to enhance customer engagement and deliver excellent business results, even as the market changes.”
