Online-only luggage and handbag retailer eBags.com has renewed its agreement with Revionics to continue using the Price Optimization solution for base price planning, management and optimization.
Since implementing the Revionics Price Optimization solution in 2012, eBags.com has adopted a data-driven approach to maintain competitive pricing and improve sales and margins. Now, eBags.com can integrate internal and external data, business rules and operational constraints with price image, as well as strategic and financial objectives. This detailed data empowers the retailer to adjust pricing based on ongoing shifts in shopper and competitor behavior.
“Revionics’ solution has helped us align our pricing with our corporate goals and strategies,” said Steve Neptune, SVP of Financial Planning and Strategy for eBags.com. “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.”
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