Marsh to Deploy Price/Promo Optimization
Feb 24, 2010
Marsh Supermarkets, LLC, plans to deploy a price and promotion
optimization solution to fine-tune its price strategies and
promotional events to appeal to localized markets, with the goal of
building sales and customer loyalty in a difficult economy.
The grocer is working with Roseville, Calif.-based Revionics on the
solution.
“Revionics was chosen as our partner for price and promotion
optimization because of its ability to easily relate [its]
solutions to our business needs,” said Roy Kipp, SVP of
merchandising at Indianapolis-based Marsh. “Its current customers
had great things to say about [the] service, we liked the look and
feel of [the] solution, and we liked the team Revionics brought to
the table.”
Marsh, which operates 98 Marsh Supermarkets and 4 O’Malia’s Food
Markets in Indiana and Ohio, has the distinction of being the first
grocery store in the world to use electronic scanners, and
continues to show thought leadership with its customer loyalty
program, “Fresh IDEAs”; online shopping; and an extensive list of
in-store services. With the launch of the price and promotion
optimization solution, Marsh expects to better understand demand
and price sensitivity by item and by store, enabling more
customer-centric merchandising techniques.
Marsh to Deploy Price/Promo Optimization
Feb 24, 2010
Marsh Supermarkets, LLC, plans to deploy a price and promotion optimization solution to fine-tune its price strategies and promotional events to appeal to localized markets, with the goal of building sales and customer loyalty in a difficult economy.
The grocer is working with Roseville, Calif.-based Revionics on the solution.
“Revionics was chosen as our partner for price and promotion optimization because of its ability to easily relate [its] solutions to our business needs,” said Roy Kipp, SVP of merchandising at Indianapolis-based Marsh. “Its current customers had great things to say about [the] service, we liked the look and feel of [the] solution, and we liked the team Revionics brought to the table.”
Marsh, which operates 98 Marsh Supermarkets and 4 O’Malia’s Food Markets in Indiana and Ohio, has the distinction of being the first grocery store in the world to use electronic scanners, and continues to show thought leadership with its customer loyalty program, “Fresh IDEAs”; online shopping; and an extensive list of in-store services. With the launch of the price and promotion optimization solution, Marsh expects to better understand demand and price sensitivity by item and by store, enabling more customer-centric merchandising techniques.