SYDNEY and AUSTIN, Texas, Feb. 23, 2016 /PRNewswire/ -- With the influx of international retailers in Australia, the declining Australian dollar, and increasingly price-sensitive consumers, Australian retailers are under intense pressures to reduce costs, expand margins, and remain competitive.
To achieve these goals in 2016, the imperative for retail leaders is to solidify their strategic pricing and promotions strategy by harnessing real-time intelligent competitive and market data in order to listen, sense, shape, and respond to their customers' demands regardless of where the signals originate.
Revionics, a leading provider of End-to-End Merchandise Optimisation solutions, today announced that its Chief Science Officer Jeff Moore will be speaking at the upcoming Retail Leaders Forum in Sydney, Australia on Tuesday, 1st March 2016 on key retail trends impacting retailers in Australia and strategies to outperform the competition.
Revionics is a proud Gold Sponsor of this event, which is recognised as the largest and most significant global meeting for retail executives in the region. The Forum is designed to bring together the best minds from retail, for retail.
The session, "The Year Ahead: Evaluating the Prospects for Retail 2016," will explore the outlook for 2016, including:
- What are the international and domestic trends that will shape the retail sector in 2016?
- How will the economic and political environment shape consumer confidence?
- Which segments of the retail sector are expected to perform well?
- Will Australian retail continue to globalise at the same pace as recent years?
"The growth of ecommerce in Asia-Pacific and Australia is exponential and the challenge and opportunity for retailers in that region is to really move to omni-channel ecommerce by harnessing real-time market, competitive and customer intelligence to deliver a seamless shopping experience – both online and in store," said Jeff Moore, Chief Science Officer for Revionics. "Retailers have a limited window of opportunity to seize control with a responsive merchandising model that puts the customers squarely at the heart of their pricing and promotions strategies."
"In 2016, we will see a quantum shift in Australian omnichannel as shoppers increasingly demand a more simplified shopping experience online and in store," said Scott Gillies, Regional Director, APAC for Revionics. "Retail leaders need to modernise their retail systems and processes to get ahead of this shift by harnessing actionable data to drive a single version of the truth – from demand, inventory, pricing and promotions. To that end, we are pleased to bring our domain expertise and proven merchandising solutions to the forefront of the Australian retail market to help retailers achieve 10x yearly ROI, increase sales by 2-7% and expand margins by 2-6%.As a pioneer and industry leader, we have worked with some of the world's most profitable retailers across all disciplines to drive transformative merchandising models and we look forward to partnering with Australian retailers to become a performance-driven, customer-centric partner to their customers.
The event also features presentations from respected retail executives from Blackmores, Build-a-Bear Workshop, Jigsaw, Myer, Sainsbury, Twitter, Walgreens Boots Alliance, Wesfarmers, Woolworths Limited and more.
Excited about @Revionics @Retail_Leader panel w/ CSO Jeff Moore on 2016 #retail strategies and trends #RLForum http://goo.gl/1N156i
About Revionics, Inc.
Revionics is a proven leader in End-to-End Merchandise Optimisation solutions. More than 40,000 retail locations around the world optimise with Revionics across 18M+ products and 2.2B+ sku/store combinations are modeled weekly. Revionics empowers retailers around the globe to profitably execute a data-driven omni-channel merchandising strategy by utilising one of the most comprehensive set of shopper demand signals to increase financial performance and improve customer satisfaction. Revionics' solutions are powered by unmatched demand-based science and advanced predictive analytics to help ensure retailers have the right product, price, promotion, placement and space allocation to drive business performance and seamless shopper experience – online, in-store, social and mobile. Delivered on a scalable, SaaS-based platform, Revionics solutions offer real-time insights and dynamic decisions at speed, scale and frequency, while providing fast ROI. Revionics has been recognised as a Deloitte Technology Fast 500™ and JMP Securities' Hot 100 Software Company. To learn how you can compete more profitably, please visit www.revionics.com
About the Retail Leaders Forum – 1 & 2 March 2016, Sydney
The Retail Leaders Forum is a powerful gathering of senior-level retail executives from across Australia. Guided by a focused agenda, the event offers a two-day information exchange where retail leaders debate and share ideas about best practice in a changing profession. With a prestigious line-up of local and international keynote speakers and panellists, the Retail Leaders Forum is a must-attend for retail leaders looking to make a real business impact within their organisations. For more information on the Retail Leaders Forum, including event passes and session information, please visit http://retailleaders.com.au/.
Revionics Media Contacts:
Senior Corporate Communications Director for Revionics
Phone: +1 512 826 0538
SOURCE Revionics, Inc.