AUSTIN, Texas, May 8, 2019 /PRNewswire/ -- This year's World Retail Congress theme, "High-Velocity Retail," is spot on as retailers globally are facing daunting challenges – from Amazon to Brexit, to the rapid rise of discounters, and shoppers' 24/7 access to total price transparency in every channel. While the dynamic retail environment holds very real threats, it also paves the way for unprecedented retail innovation and opportunities.
Artificial Intelligence (AI)- and Machine Learning (ML)-powered price, promotion and markdown optimization are critical tools to help retailers thrive in the face of competition, ensure they stay relevant to increasingly distracted shoppers and continue to grow their business. With optimization science, retailers can craft dynamic, consumer-centric prices and promotions that truly resonates with shoppers, motivates them to purchase and strengthens their loyalty.
World Retail Congress, 14-16 May 2019 in Amsterdam, Netherlands, attracts 1,300 attendees from more than 50 countries. The Revionics-hosted panel will address retailers' challenges and how AI and ML are true game changers for price and promotion strategies. The panel details:
- "The state of retail pricing: How to innovate for success in an uncertain environment"
- Tuesday 14 May at 12:00 p.m.
- Malika Mansouri, Global Head of Omnichannel Pricing – Executive Committee for Douglas GmbH
- Robert Gregory, Global Research Director for Edge by Ascential (formerly PlanetRetail)
- Cheryl Sullivan, Chief Marketing and Strategy Officer of Revionics
Revionics' experts will be available at the conference to talk about the company's consumer-focused, machine learning SaaS solutions, which include pricing, promotion and markdown solutions that empower retailers to compete with confidence and drive their business growth.
About Revionics, Inc.
Revionics is a global SaaS provider of science-based pricing, promotion, space and competitive insight for innovative retailers.
Revionics helps retailers around the world gain a competitive edge by managing and optimizing their pricing, promotions, markdowns, and space. Created by retail experts, Revionics' cloud-based SaaS solutions deliver amazing year-over-year ROI with an attractive total cost of ownership.
Embracing the retail and science in its core DNA, Revionics delivers machine learning solutions that retailers use to translate shopper insights and competitive response into high-impact results. With Revionics, retailers gain leading-edge capabilities, an invested partner and an evolving solution for today's dynamic retail landscape.
Predictive. Prescriptive. Profitable Retailing. Expect Nothing Less.
Senior Corporate Communications Director, Revionics
Phone: +1 (512) 826-0538 (U.S.)
SOURCE Revionics, Inc.