Market Overview

Gordmans Selects Revionics Markdown Optimization Suite to Optimize Clearance Strategies and Business Results

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Solution Selected for Ability to Deliver Margin Impact and Align with Disciplined Business Processes

AUSTIN, Texas, March 6, 2017 /PRNewswire/ -- For more than 100 years, Omaha-based Gordmans has been a beloved retailer of apparel and home fashions, and today its 106 stores span 22 states. An early adopter of markdown optimization software, Gordmans wanted to re-assess market options and ensure that it adopted the market-leading innovative markdown optimization solution.  As a result the company has entered into a three-year contract for Revionics Markdown Optimization Suite to drive enhanced margins, remain competitive in a fast-changing retail landscape, and ensure adherence with disciplined business processes.

As a five-year user of a legacy markdown tool, the Gordmans team knew the value of a process-driven approach but wanted to ensure it leveraged a current-generation solution that incorporated advanced capabilities. Gordmans CIO Richard Heyman led a team through a rigorous assessment of market alternatives.  Heyman notes, "We were impressed by Revionics' overall capabilities and their aggressive solution development investment aligned with customer needs. We also like the way Revionics' Markdown Optimization capabilities align with our business processes and the level of specialized expertise they bring to the table. They emerged as our clear vendor of choice."

"Retail innovators like Gordmans continue to invest strategically to remain competitive and deliver measurable business value, and we are pleased to partner with these innovators to drive their success," said Marc H. Hafner, Revionics' chairman and CEO.  "We welcome Gordmans to the Revionics customer family and look forward to a long and prosperous relationship."

To learn more about Revionics, visit www.revionics.com or email info@revionics.com.

About Gordmans (NASDAQ: GMAN)
Founded in 1915, the Omaha-based apparel and home fashions retailer operates 106 stores and over 3.8 million square feet in 22 states. Gordmans features name brand apparel, accessories, footwear, home decor, gifts, designer fragrances, furniture, and more at everyday savings of up to 60 percent off department and specialty store prices. While the company operates within the value segment of the industry, Gordmans differentiates itself by offering department and specialty store name brands, fashions and styles in a more upscale shopping environment. Gordmans was sold to Sun Capital Partners, one of the largest private equity firms in the country, in September 2008. A successful initial public offering of common stock for Gordmans occurred in 2010, as well as a secondary public offering in 2012.

About Revionics, Inc.
Revionics is a global leader in profit optimization services and solutions. Our unparalleled analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes. The result: achieve speed to value and ROI, improve margins, drive top-line sales and respond faster with precision.

Revionics' SaaS-based model integrates analytics, technology and services to deliver an unmatched advantage for retailers – Competitive Insights, Price Suite, Promotion Suite, Markdown Suite, and Space and Assortment Suite – all from a predictive platform to drive long-term growth.

Trusted by some of the most profitable retail brands, Revionics optimizes across more than 18 million products and more than 2.6 billion item/store combinations are modeled weekly. Learn more at www.revionics.com.

Engage with Us:
Web: www.revionics.com
Blog: http://revionics.com/blog.html
Twitter: https://twitter.com/Revionics
Facebook: https://www.facebook.com/Revionics-Inc-67271083899/
LinkedIn: https://www.linkedin.com/company/revionics
YouTube: https://www.youtube.com/channel/UCK5EY-MuENLuHQ9iBpSo3_Q

Contact: Alison Raffalovich
Senior Director, Corporate Communications
Phone: +1 (512) 826-0538 (U.S.)
araffalovich@revionics.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gordmans-selects-revionics-markdown-optimization-suite-to-optimize-clearance-strategies-and-business-results-300416571.html

SOURCE Revionics, Inc.

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